Who is Leonid Mikhelson?
He is Chairman and major shareholder of Novatek, Russia’s largest natural gas producer. He was born in August 1955. He is married to Lyudmilla. They have 2 children (daughter Viktoria and a young son).
The basis of Novatek started with the privatization of Kuybyshevtruboprovodstroy, one of the largest state-owned enterprises specializing in oil and gas pipeline construction in Russia. Mikhelson was managing director and became a shareholder at the privatization.
Novatek began to expand and diversify their operations by acquiring interests in oil and gas companies which held exploration and production licenses in Yamal-Nenets.
In 2017 Novatek realized sales of approx US$ 10 billion and an operating income of US$ 4.6 billion. The gas company Novatek has 6,000 employees.
Mikhelson’s business partner Gennady Timchenko is also shareholder at the gas company. We think Timchenko als owns a large yacht. But we have not been able to identify it yet.
Mikhelson also owns more than 50% of the shares in Sibur. Sibur is a gas processing and petrochemicals company. Sibur has 26 production sites and more than 26,000 employees.
Mikhelson and Gennady Timchenko together own 82.5% of the shares of Sibur.
Mikhelson Art Collection
The Russian billionaire is known as an art collector. He is the founder and president of the VAC Foundation (Viktoria – the Art of Being Contemporary). It is dedicated to the international presentation, production and development of Russian contemporary art.
The collection is named after his daughter Viktoria Mikhelson.
Leonid Mikhelson Net Worth
Forbes estimates his net worth at US$ 20 billion. He is Russia’s richest man.