Vagit Alekperov Net Worth 2026

The estimated net worth of Vagit Alekperov is $16.8 billion USD.
Real Name Vagit Yusifovich Alekperov
Net Worth 2026 $16.8 billion USD
Birthday (Year-Month-Day) 1950-9-1
Nationality Azerbaijani
Occupation Businessman
Height m or 0 ft 0 inches
Weight kg or 0 pounds
Marital Status Married (Larisa Victorovna Alekperova)
Ethnicity Azerbaijani
Education Azerbaijan State Oil Academy
Kids 1
Kids Names Yusuf



Vagit Alekperov
Vahid Ələkbərov
Alekperov in 2013
Born (1950-09-01) 1 September 1950 (age 76)
Baku, Azerbaijan SSR, Soviet Union
CitizenshipRussia
EducationAzerbaijan State Oil and Industry University , Master of Engineering
OccupationChairman of the supervisory board of Basic Element Company
SpouseLarisa Victorovna Alekperova
Children1
Awards

Vagit Yusufovich Alekperov (Azerbaijani: Vahid Yusifoviç Ələkbərov, Russian: Вагит Юсуфович Алекперов; born 1 September 1950) is a Russian businessman of Azerbaijani origin and an oligarch. He was the president of the oil company Lukoil from 1993 until 2022.[1][2]

As of March 2026, according to the Forbes magazine, Alekperov has an estimated net worth of US$29.5 billion, making him the third-wealthiest person in Russia and the eighty-first in the world.[3][4] According to the Bloomberg Billionaires Index—dated 24 August 2026—Alekperov is positioned fifth among Russian billionaires and 125th globally, with a net worth of US$21.0 billion. The index records a year-to-date contraction of US$1.63 billion.[5] Alekperov previously owned a 36.8% stake in football club Spartak Moscow.[6] Fellow former Spartak owner Leonid Fedun is Alekperov's close associate. Alekperov also owned superyacht builder Heesen Yachts until 2022.[7]

As part of the international governmental responses to the Russian invasion of Ukraine, the United Kingdom, Canada, Australia and New Zealand have imposed sanctions against Alekperov.[8][9][10][11]

Biography

Alekperov was born on 1 September 1950, in Baku, Azerbaijan SSR, one of the earliest centers of the international petroleum industry. His father, who died when Vagit was a boy, worked in the oilfields all his life and inspired Alekperov to follow in his footsteps. Alekperov's father was an Azerbaijani Muslim, and his mother was Russian Orthodox. Alekperov is religious, but does not define himself as either Muslim or Orthodox.[12]

In 1974, Alekperov graduated from the Azerbaijan Oil and Chemistry Institute with a Master of Science in Engineering.[13]

Western Siberia

Alekperov moved to Western Siberia in 1979 and worked at Surgutneftegaz between 1979 and 1985, earning his reputation as an industry expert. He was ascending positions and by 1985 became the first deputy general director of Bashneft production company. In 1987, he became general director of the newly created production company Kogalymneftegaz.[13]

Moscow

In 1990, Alekperov was appointed deputy minister of the Oil and Gas Industry of the Soviet Union and became the youngest deputy energy minister in Soviet history.[13] At that time, Alekperov promoted the establishment of vertically integrated state-owned energy companies, which would bring together the wide range of organizations in the energy sector that were, at the time, reporting to different Soviet bureaucratic institutions.[14]

At this time, Western oil companies began actively seeking partners in Russia. During a visit to British Petroleum facilities in the United Kingdom in 1990, Alekperov personally headed the Russian delegation at the negotiations. Rondo Fehlberg, an executive at BP, told NY Times that Alekperov took control of the agenda during that 1990 trip, sternly asking the BP executives to explain how a modern oil company should be set up.[15]

LUKoil

In April 1993, Langepas-Uray-Kogalymneft became the joint-stock company LUKOIL, and Alekperov became its president and chairman of the board. By 2002, Alekperov owned 10.4% of the company.[15]

In 2000, Alekperov resigned as head of the board of directors of Lukoil, but retained his position as president of the company. In May 2008, Alekperov bought 11.13 million shares (1.3%) in Lukoil, thereby increasing his stake to 20.4% and becoming the company's largest shareholder.[16][a]

LUKoil was the first Russian company to acquire an American company. In November 2000, LUKoil acquired Getty Petroleum Marketing and its 1,300 gas stations in the United States[21] Like many other Russian oligarchs, Alekperov has also moved into banking and media. In May 2006 Alekperov was one of the two main owners of IFD Kapital Group.[22]

During at least three meetings in Turkey and London in 2014 and 2015, executives associated with Alekperov's firm Lukoil allegedly questioned persons at the Alexander Nix associated firms SCL Group, which is closely associated with Aleksandr Kogan, and Cambridge Analytica, which is closely associated with Steve Bannon, who supported Donald Trump's 2016 campaign for President of the United States, and Robert Mercer, who supported Ted Cruz's campaign for President of the United States, about how United States election data about American voters could be used to target them according to Christopher Wylie.[23][24][25][26]

In 2018, Alekperov first mentioned in an interview that he was looking for a successor to his position, stating that a staff reshuffle could take place at the company in 2023.[27]

Alekperov is on the 2017 list of Russian "oligarchs" named in the CAATSA unclassified report to the U.S. Congress.[28]

International sanctions

In April 2022, following Russia's invasion of Ukraine, Alekperov was sanctioned by Australia and the United Kingdom.[8][9] On 21 April, Lukoil issued a statement saying that Alekperov had stepped down and resigned from the board of directors after 29 years.[2]

In May 2022, Canada also imposed sanctions on Alekperov.[10] In October 2022, New Zealand sanctioned Alekperov.[29]

Scientific Activity

While already serving as the head of Lukoil, Vagit Alekperov defended a dissertation entitled “The Formation of Conditions and the Ensuring Sustainable Development of Vertically Integrated Oil Companies,” using the enterprise he headed as a case study, and in 1998 he was awarded the degree of Doctor of Economic Sciences. In the same year, two of his books were published.[30]

In 2014, Alekperov was awarded the title of Honorary Professor of Volgograd State University.[30]

Vagit Alekperov is also a full member of the Russian Academy of Natural Sciences.[31]

Author of the following books

  • Vertically Integrated Oil Companies of Russia: Methodology of Formation and Implementation. Moscow, 1996;
  • Strategic Directions of Systemic Reorganization of Management in Oil Companies (Using OAO LUKOIL as an Example). Moscow, 1998;
  • Oil of Russia: Past, Present, and Future. Moscow, 2011.

Personal life

Alekperov is married to Larisa Victorovna Alekperova and has a son, Yusuf, born in 1990.[32] In 2023 he founded the WellTech company, which is engaged in the repair of LUKOIL wells.[33]

Alekperov's hobby is numismatics. The exact composition of his collection is unknown, but according to some reports, it is one of the three largest private collections in Russia. In 2015, Alperov established a private Museum of Numismatics in the Zinoviev-Yusupov chambers in Moscow. It has more than 700 coins on display, about a quarter of the entire collection. The exposition consists of gold, silver, and platinum coins minted in Classical antiquity, the Byzantine Empire, the European Middle Ages, the Russian Empire, and the USSR.[34][35]

Philanthropy

In 2007, Alekperov founded The Foundation "Our Future" to promote social entrepreneurship in Russia.[36]

Alekperov has repeatedly stated publicly and has confirmed that, according to his will, his stake in Lukoil (over 20% of the company) will be transferred to a specially created charitable foundation.[37]

In 2020 coronavirus pandemic, Lukoil has donated more than RUB 652 million in 22 Russian regions and almost $900 000 dollars in its operation countries abroad.[38] Alekperov also donated RUB 50 million of personal finances to fight coronavirus in the Republic of Komi.[39]

Awards and honorary titles

Alekperov was the first Russian citizen to receive the Woodrow Wilson Award. He was honored in 2005 for achievements in corporate citizenship.[40]

On 31 August 2020, ahead of Vagit Alekperov's 70th jubilee, Azerbaijani President Ilham Aliyev awarded him with the "Dostlug" Order for his special services rendered to the development of mutual relations between Azerbaijan and the Russian Federation.[41]

On 4 May 2022, Alekperov received the Order "For Merit to the Fatherland" of the first degree for "great contribution to the development of the fuel and energy complex and many years of diligent work".[42]

Vagit Alekperov is also a full member of the Russian Academy of Natural Sciences.[43]

Forbes net worth and rankings

In the 2026 Forbes ranking, Alekperov ranked third among Russian billionaires and 81st globally, with an estimated net worth of US$29.5 billion, an increase of US$0.8 billion from the previous year. Although his wealth increased, he lost the position as Russia's richest billionaire that he had held for the previous two years. Forbes continued to identify oil and investments as the principal sources of his wealth, with his fortune primarily associated with his stake in Lukoil. Alekperov received nearly US$2.4 billion in Lukoil dividends in 2025. In October 2025, Lukoil was placed under United States sanctions, after which the company announced plans to sell its international business.[44]

In 2025, Alekperov remained the richest Russian billionaire for the second consecutive year and ranked 62nd globally, with an estimated net worth of US$28.7 billion. His fortune was almost unchanged from US$28.6 billion in 2024, and he narrowly remained ahead of Alexey Mordashov, whose wealth was estimated at US$28.6 billion, and Leonid Mikhelson, at US$28.4 billion. Forbes reported that Alekperov received more than US$2 billion in Lukoil dividends in 2024.[45]

In 2024, Alekperov became the richest Russian billionaire in the Forbes ranking for the first time. He advanced from sixth place in Russia in 2023 to first place, while his global position improved from 80th to 59th. His estimated net worth rose from US$20.5 billion to US$28.6 billion, an augmentation of approximately US$8.1 billion. The shift represented a marked restoration of his financial standing after the sharp contraction recorded two years earlier. His wealth remained primarily connected to Lukoil, in which Forbes reported a 28.3% stake as of September 2021, and Alekperov also received nearly US$2 billion in Lukoil dividends in 2023.[46]

In 2023, Alekperov recovered to sixth place among Russian billionaires and 80th globally, with an estimated net worth of US$20.5 billion. This was almost twice the US$10.5 billion estimated in 2022 and therefore represented a substantial reversal of the previous year's decline. Forbes continued to classify oil and investments as the principal sources of his wealth, and it also noted that Alekperov had stepped down as president of Lukoil in April 2022, several days after the United Kingdom imposed sanctions on him. He nevertheless received approximately US$2.2 billion in Lukoil dividends in 2022, and this income remained material to the reconstruction of his fortune.[47]

In 2022, Alekperov fell to tenth place among Russian billionaires and 188th globally, as his net worth declined to US$10.5 billion from US$24.9 billion in 2021, a decrease of US$14.4 billion. Forbes listed his principal asset as a 28.3% stake in Lukoil and reported that he had received nearly US$1.5 billion in dividends from the company in 2021.[48]

In 2021, Alekperov ranked fourth among Russian billionaires and 66th globally, with an estimated net worth of US$24.9 billion, an increase of US$9.7 billion from the previous year. Forbes attributed his wealth to oil and investments and listed his 29.7% stake in Lukoil as his principal asset. He received approximately US$1.1 billion in Lukoil dividends for 2020. Forbes also noted that Lukoil had cancelled 57.1 million of its own shares in 2019–2020, reducing its share capital by 7.6%.[49]


Vagit Alekperov's estimated net worth

Vagit Alekperov's wealth and Forbes rankings, 2004–2026
Year Net worth
(US$ billion)		 Global rank Rank in Russia Change
(US$ billion)
2026 29.5 81[50] 3[51] +0.8
2025 28.7 62[52] 1[53] +0.1
2024 28.6 59[54] 1[55] +8.1
2023 20.5 80[56] 6[57] +10.0
2022 10.5 188[58] 10[59] −14.4
2021 24.9 66[60] 4[61] +9.7
2020 15.2 65[62] 5[63] −5.5
2019 20.7 47[64] 3[65] +4.3
2018 16.4 78[66] 4[67] +1.9
2017 14.5 74[68] 6[69] +5.6
2016 8.9 124[70] 9[71] −3.3
2015 12.2 96[72] 6[73] −1.4
2014 13.6 76[74] 7[75] −1.2
2013 14.8 55[76] 5[77] +1.3
2012 13.5 56[78] 5[79] −0.4
2011 13.9 50[80] 8[81] +3.3
2010 10.6 58[82] 6[83] +2.8
2009 7.8 57[84] 3[85] −5.2
2008 13.0 56[86] 9[87] +0.6
2007 12.4 48[88] 8[89] +1.4
2006 11.0 37[90] 2[91] +6.7
2005 4.3 122[92] 10[93] +1.6
2004 2.7 186[94] 10[95] —

'Notes: Net worth and global rank refer to Forbes' annual World's Billionaires list. Rank in Russia refers to Forbes Russia's annual national ranking, which may use a different valuation date.'

See also

Notes

  1. ↑ During at least three meetings in Turkey and London in 2014 and 2015, executives associated with Alekperov's firm Lukoil allegedly questioned persons at the Alexander Nix associated firms SCL Group, which is closely associated with Aleksandr Kogan, and Cambridge Analytica, which is closely associated with Steve Bannon, who supported Donald Trump's 2016 campaign for President of the United States, and Robert Mercer, who supported Ted Cruz's campaign for President of the United States, about how United States election data about American voters could be used to target them according to Christopher Wylie.[17][18][19][20]

References

  1. ↑ "Vagit Yu. Alekperov, President of OAO LUKOIL". Archived from the original on 6 September 2015. Retrieved 28 August 2015.
  2. 1 2 "Russia's Lukoil Says Longtime CEO Alekperov Resigns". The Moscow Times. 21 April 2022.
  3. ↑ "Vagit Alekperov". Forbes. Retrieved 11 September 2026.
  4. ↑ "Вагит Алекперов". www.forbes.ru. Retrieved 11 September 2026.
  5. ↑ "Bloomberg Billionaires Index". Bloomberg.com. Archived from the original on 9 December 2024. Retrieved 11 September 2026.
  6. ↑ Burgen, Stephen (26 February 2022). "Could sanctions leave oligarchs' super yachts high and dry in Spain?". The Observer.
  7. ↑ "Heesen Yachts is weer 100% Nederlands na verkoop aandelen". schuttevaer.nl (in Dutch). 19 May 2022. Retrieved 31 January 2024.
  8. 1 2 "Australia goes further than others with personal sanctions, adds Nabiullina, Lisin and Alekperov to list". interfax.com. Retrieved 18 April 2022.
  9. 1 2 "U.K. Hits More Russian Billionaires in Latest Sanctions Salvo". Bloomberg.com. 13 April 2022. Retrieved 18 April 2022.
  10. 1 2 "Canada blacklists 40 Russian individuals - PM's press service". TASS. 9 May 2022. Retrieved 13 May 2022.
  11. ↑ "New Zealand sanctions 75 individuals and 2 Russian companies".
  12. ↑ Maass, Peter (2 August 2004). "The Triumph of the Quiet Tycoon". The New York Times Magazine. Archived from the original on 2 February 2014. Retrieved 3 February 2014.
  13. 1 2 3 Vassiliou, Marius S. (24 September 2009). The A to Z of the Petroleum Industry. Scarecrow Press. ISBN 978-0-8108-7066-6.
  14. ↑ "Vagit Y. Alekperov 1950— Biography".
  15. 1 2 Maass, Peter (1 August 2004). "The Triumph of the Quiet Tycoon". The New York Times. ISSN 0362-4331. Retrieved 20 November 2021.
  16. ↑ "Бизнес-активы Вагита Алекперова. Справка". РИА Новости (in Russian). 12 March 2009. Retrieved 20 November 2021.
  17. ↑ Hakim, Danny; Rosenberg, Matthew (17 March 2018). "Data Firm Tied to Trump Campaign Talked Business With Russians". The New York Times. Retrieved 16 December 2023.{{cite news}}: CS1 maint: deprecated archival service (link)
  18. ↑ "Cambridge Analytica: компания, которая научилась «взламывать» выборы через Facebook Считается, что в 2016 году она помогла выиграть Дональду Трампу" [Cambridge Analytica: the company that learned how to “hack” elections through Facebook It is believed that it helped Donald Trump win in 2016]. Meduza (in Russian). 19 March 2018. Retrieved 16 December 2023. archive Archived 17 December 2023 at the Wayback Machine
  19. ↑ Cadwalladr, Carole; Graham-Harrison, Emma (17 March 2018). "Revealed: 50 million Facebook profiles harvested for Cambridge Analytica in major data breach: Whistleblower describes how firm linked to former Trump adviser Steve Bannon compiled user data to target American voters". The Guardian. Retrieved 16 December 2023.
  20. ↑ Бенюмов, Константин (Benyumov, Konstantin); Кузьменкова, Ольга (Kuzmenkova, Olga) (12 December 2016). "Donald Trump really won because of advertising on Facebook? Medusa studied an article about the influence of "big data" on elections and tells what's wrong with it" [Дональд Трамп правда победил из-за рекламы в фейсбуке? «Медуза» изучила статью о влиянии «больших данных» на выборы и рассказывает, что с ней не так]. Meduza (in Russian). Retrieved 16 December 2023.{{cite news}}: CS1 maint: multiple names: authors list (link)
  21. ↑ "Lukoil Americas Corporation website". Archived from the original on 15 March 2007. Retrieved 12 March 2007.
  22. ↑ Teagarden, Michael (1 March 2006). "Lukoil Executives Alekperov and Fedun Own Russia's IFD Kapital". Bloomberg News. Archived from the original on 13 April 2014. Retrieved 11 April 2014.
  23. ↑ Hakim, Danny; Rosenberg, Matthew (17 March 2018). "Data Firm Tied to Trump Campaign Talked Business With Russians". The New York Times. Retrieved 16 December 2023.{{cite news}}: CS1 maint: deprecated archival service (link)
  24. ↑ "Cambridge Analytica: компания, которая научилась «взламывать» выборы через Facebook Считается, что в 2016 году она помогла выиграть Дональду Трампу" [Cambridge Analytica: the company that learned how to “hack” elections through Facebook It is believed that it helped Donald Trump win in 2016]. Meduza (in Russian). 19 March 2018. Retrieved 16 December 2023. archive Archived 17 December 2023 at the Wayback Machine
  25. ↑ Cadwalladr, Carole; Graham-Harrison, Emma (17 March 2018). "Revealed: 50 million Facebook profiles harvested for Cambridge Analytica in major data breach: Whistleblower describes how firm linked to former Trump adviser Steve Bannon compiled user data to target American voters". The Guardian. Retrieved 16 December 2023.
  26. ↑ Бенюмов, Константин (Benyumov, Konstantin); Кузьменкова, Ольга (Kuzmenkova, Olga) (12 December 2016). "Donald Trump really won because of advertising on Facebook? Medusa studied an article about the influence of "big data" on elections and tells what's wrong with it" [Дональд Трамп правда победил из-за рекламы в фейсбуке? «Медуза» изучила статью о влиянии «больших данных» на выборы и рассказывает, что с ней не так]. Meduza (in Russian). Retrieved 16 December 2023.{{cite news}}: CS1 maint: multiple names: authors list (link)
  27. ↑ "Глава ЛУКОЙЛа сообщил об изучении потенциальных преемников". РБК (in Russian). 30 October 2019. Retrieved 18 June 2021.
  28. ↑ "Report to Congress Pursuant to Section 241 of the Countering America's Adversaries Through Sanctions Act of 2017 Regarding Senior Foreign Political Figures and Oligarchs in the Russian Federation and Russian Parastatal Entities" (PDF). 29 January 2018.
  29. ↑ "New Zealand sanctions 75 individuals and 2 Russian companies". Interfax. 11 October 2022.
  30. 1 2 "Все о Вагите Алекперове: биография, фото, видео, состояние, личная жизнь". finparty.ru (in Russian). Archived from the original on 28 October 2021. Retrieved 14 January 2026.
  31. ↑ "Вагит Юсуфович Алекперов. Биографическая справка". РИА Новости. Archived from the original on 20 January 2011. Retrieved 14 January 2026.
  32. ↑ "Вагит Юсуфович Алекперов. Биографическая справка". РИА Новости. 12 March 2009. Retrieved 20 March 2014.
  33. ↑ "Сын владельца ЛУКОЙЛа получил компанию по ремонту скважин в Сибири". РБК (in Russian). 15 June 2023.
  34. ↑ "В Москве открыли первый частный музей нумизматики / / Независимая газета". www.ng.ru. Retrieved 20 November 2021.
  35. ↑ Ivan Prosvetov (22 December 2015). "Исторический момент: как Вагит Алекперов стал нумизматом" [The historical moment: Vagit Alekperov became a numismatist] (in Russian). Forbes. Retrieved 14 March 2025.
  36. ↑ Nielsen, Rachel (28 November 2012). "Alekperov's Social Enterprise Invests $4.8M Over 5 Years". The Moscow Times. Retrieved 18 February 2021.
  37. ↑ "Алекперов передаст акции "Лукойла" в благотворительный фонд". Forbes.ru. 16 January 2015. Retrieved 18 June 2021.
  38. ↑ "Lukoil delivered new consignment of medical equipment to Usinsk hospital". neftegazru.com. 21 August 2020. Retrieved 18 February 2021.
  39. ↑ "Vagit Alekperov donates RUB 50 million of personal finances to fight coronavirus in the Republic of Komi". neftegazru.com. 7 May 2020. Retrieved 18 February 2021.
  40. ↑ "Wilson Center to Honor Pickering and Alekperov for Contributions to U.S.-Russian Relations". www.wilsoncenter.org. Retrieved 18 June 2021.
  41. ↑ President Ilham Aliyev awards Lukoil CEO, AzerNews, 31 August 2020, Retrieved 4 September 2020
  42. ↑ "Предвыборная ситуация в Кемерове" (in Russian). publication.pravo.gov.ru. 4 May 2022. Retrieved 2 February 2023.
  43. ↑ "Вагит Юсуфович Алекперов. Биографическая справка". РИА Новости (in Russian). 12 March 2009. Retrieved 20 November 2021.
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  87. ↑ "100 богатейших бизнесменов России — 2008". Forbes Russia (in Russian). 2008.
  88. ↑ "#48 Vagit Alekperov: The World's Billionaires 2007". Forbes. 8 March 2007.
  89. ↑ "Журнал Forbes: Рейтинг богатейших бизнесменов России в 2007 году". Гуманитарный портал (in Russian). 2 May 2007.
  90. ↑ "Vagit Alekperov: The World's Richest People 2006". Forbes. 2006.
  91. ↑ "Журнал Forbes: Рейтинг богатейших бизнесменов России в 2006 году". Гуманитарный портал (in Russian). 28 August 2006.
  92. ↑ "Vagit Alekperov: The World's Richest People 2005". Forbes. 2005.
  93. ↑ "Журнал Forbes: Рейтинг богатейших бизнесменов России в 2005 году – Гуманитарный портал". gtmarket.ru. Retrieved 17 September 2026.
  94. ↑ "Vagit Alekperov: World's Richest People 2004". Forbes. 2004.
  95. ↑ "The 100 Richest Russians". Forbes. 2004.

Fact Sheet

  • Vagit Alekperov's real name is Vagit Yusifovich Alekperov
  • Wondering where Vagit Alekperov is from? Vagit Alekperov is from Azerbaijani!
  • What does Vagit Alekperov do? Vagit Alekperov's job is being a(n) Businessman
  • Vagit Alekperov's birth date is 1950-9-1
  • What is Vagit Alekperov's age? Vagit Alekperov is 76 years old
  • Is Vagit Alekperov single or married? Vagit Alekperov is Married (Larisa Victorovna Alekperova)!
  • Which college/university did Vagit Alekperov go to? Vagit Alekperov went to Azerbaijan State Oil Academy
  • Vagit Alekperov has 1 child/children
  • Vagit Alekperov is the loving parent of Yusuf

FAQ

Vagit Alekperov 2026 net worth is $16800 million USD
Vagit Alekperov has a networth of $16800 million USD
Vagit Alekperov has an estimated wealth of $16800 million USD
Vagit Alekperov has approximately $16800 million USD



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