LEONID MIKHELSON • Net Worth $24 billion • Yacht • House • Private Jet • Novatek

Name:Leonid Mikhelson
Net Worth:$24 billion
Source of Wealth:Novatek
Born:August 11, 1955
Wife:Lyudmila Mikhelson
Children:Viktoria Mikhelson, 1 young son
Residence:Barvikha, Moscow, Russia
Private Jet:Gulfstream G650 (RA-10207), G550 (RA-10208)

Who is Leonid Mikhelson?

Leonid Mikhelson, born in August 1955, is a prominent figure in the global energy sector, revered as the Chairman and major shareholder of Novatek, Russia’s largest natural gas producer. Balancing his professional life, Mikhelson is married to Lyudmilla and has two children, including his daughter Viktoria.

Key Takeaways:

  • Leonid Mikhelson, Chairman of Novatek, is a significant figure in Russia’s energy industry.
  • He transformed Novatek from a state-owned entity to a global natural gas giant.
  • Mikhelson’s partnership with Gennady Timchenko highlights strategic business alliances.
  • His ownership of Sibur marks his influence in the petrochemical industry.
  • Mikhelson’s passion for art is evident in his establishment of the VAC Foundation.
  • Recognized as Russia’s wealthiest man, Mikhelson’s net worth is estimated at $24 billion.
  • He is the owner of the PACIFIC Yacht, and is building the 142-meter Project Alibaba.

Novatek’s Evolution

Under Mikhelson’s leadership, Novatek transformed from a state-owned pipeline construction enterprise into a powerhouse in the oil and gas industry. Mikhelson played a pivotal role from its inception, guiding Novatek through strategic expansions and diversifications. His efforts resulted in significant exploration and production licenses in the Yamal-Nenets region, propelling the company’s sales to approximately $10 billion with a substantial operating income.

Strategic Partnerships in Energy

Mikhelson’s vision extended to forming strategic alliances. His partnership with Gennady Timchenko, another major shareholder in Novatek, symbolizes a potent combination of resources and expertise in the energy sector. Their collaboration highlights a shared ambition in shaping Russia’s natural gas narrative.

Sibur: A Petrochemical Leader

Mikhelson’s business acumen is further exemplified in his majority ownership of Sibur, a leading gas processing and petrochemical company. With 26 production sites and over 26,000 employees, Sibur represents a critical component of Mikhelson’s industrial empire, cementing his status in the petrochemical sector.

The Mikhelson Art Collection

Venturing beyond industry, Mikhelson is an avid art collector and patron. He established the VAC Foundation (Viktoria – the Art of Being Contemporary), named after his daughter Viktoria Mikhelson. The foundation is dedicated to fostering Russian contemporary art on a global stage, signifying Mikhelson’s commitment to cultural endeavors.

Leonid Mikhelson’s Net Worth

With an estimated net worth of $24 billion, Forbes recognizes Mikhelson as Russia’s richest man. His financial stature is a testament to his successful ventures and strategic investments in both the energy and art worlds.

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Leonid Mikhelson

Leonid Mikhelson

Leonid Mikhelson House

Yacht Pacific

He is the owner of the luxury yacht PACIFIC. The superyacht was built by Lurssen in 2010.

The Pacific yacht, a Lurssen Shipyard creation, is a 73-meter luxury vessel with a striking design by German Frers.

Boasting MTU diesel engines, she achieves over 20 knots in speed, with a range of 4,500nm.

The yacht can accommodate 12 guests and 28 crew members, offering spacious luxury.

Pacific is capable of carrying two helicopters, highlighting her global travel capabilities.

The yacht was renamed Pacific X, as Mikhelson ordered a larger (142m / 466ft) yacht, now known as Project Alibaba.

Since Mikhelson was put on a sanctions list, following Russia’s invasion of Ukraine, we are not sure if he can take delivery of the new project.

We heard rumors that Project Alibaba was sold during construction. Do you know more? Please do send us a message.