Who is Vagit Alekperov?
Vagit Alekperov is the President of Lukoil and owns 25% of the company’s shares. He was born in September 1950. He is married to Larisa Alekperova. They have 2 children (Yusuf Alekperov and Mariam Alekperova).
For a few years, he was deputy minister of the Oil and Gas Industry of the Soviet Union. He was the youngest deputy energy minister in Russian history.
He used to work at an oil rig in the Caspian Sea. He graduated from the Azerbaijan Oil and Chemistry Institute. He survived a wellhead explosion on a drilling platform that killed two other workers.
Alekperov is the President of Lukoil, active in the fuel and energy sector. Which is Russia’s largest independent oil company. LUKOIL is one of the largest publicly traded, vertically integrated oil and gas companies in the world.
The company is responsible for 2% of the world’s oil production. And has more than 100,000 employees. In 2019 Lukoil realized more than US$ 100 billion in sales. With a net profit of US$ 8 billion. It owns more than 2,000 gas stations in the USA.
The company started in 1991 as Langepas-Uray-Kogalymneft. It was a subsidiary of the Ministry of Fuel and Energy. In 1993 it became LUKoil Oil Company. Alekperov has been President since that time.
IFD Kapital Group
He is also co-owner of the IFD Kapital Group, together with Leonid Fedun. Which was formed out of all non-oil assets of Lukoil.
The company is active in asset management, banking, and media. And in information technology and real estate. It has more than US$ 15 billion in assets.
The company’s investments include the Russian Media Group. Which owns many radio stations in Russia. It also owns the Bank Petrocommerce Group.
Purchase of Heesen Yachts
Alekperov and Leonid Fedun are the owners of Heesen Yachts. Which they purchased from founder Frans Heesen for EUR 170 million (US$ 200 million) in 2008. Heesen realizes annual sales of more than US$ 125 million per year.
In 2016 a dividend of EUR 26 million (US$ 30 million) was paid to her shareholders. Heesen has built several yachts for Alekperov. The 50-meter Galactica (2007), the 35-meter Galactica Plus (2012), and the 70-meter Galactica Super Nova (2016). The new 80-meter GALACTICA (Project Cosmos), will be his new yacht. Update Nov 2021: the yacht is now named Galactica, supporting his ownership. Galactica is the largest yacht ever built at Heesen. In 2022 she was renamed Genesis. Her legal title was transferred to an off-shore company within the Lukoil Group. After that, the Heesen shipyard was sold to an independent Dutch foundation. So in a sense Genesis was delivered to her owner Alekperov.
A lot of projects of Heesen Shipyards start at speculation. But are sold before delivery.
Vagit Alekperov’s Net Worth
His net worth is estimated at $26 billion. This makes him one of Russia’s richest men.
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