Nisha Rathode (Editor)

Vagit Alekperov

Updated on
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Moscow, Russia


Organizations founded

Vagit Alekperov

Vagit Alekperov Vagit Alekperov Photos Zimbio

Full Name
Vagit Yusifovich Alekperov

September 1, 1950 (age 73) (
Baku, Azerbaijan

Alma mater
Azerbaijan State Oil Academy

Chairman of the Supervisory Board of Basic Element Company

Larisa Victorovna Alekperova

Mariam Alekperova, Yusuf Alekperov

Yusuf Alekperov, Tatyana Bocharova

Similar People
Leonid Fedun, Leonid Mikhelson, Mikhail Fridman, Viktor Vekselberg, Vladimir Lisin

Net worth
10.2 billion USD (2015)

Vagit Alekperov

Vagit Yusufovich Alekperov (Azerbaijani: Vahid Yusuf oğlu Ələkbərov, Russian: Вагит Юсуфович Алекперов; born 1 September 1950) is an Azerbaijani and Russian businessman, the president of the leading Russian oil company LUKOIL.


Vagit Alekperov Vagit Alekperov Quotes QuotesGram

He is currently rated by Forbes magazine as the eighth richest person in Russia with a net worth of $12.3 billion and the 114th richest person in the world.

Vagit Alekperov wwwlukoilcomFileSystemMediaFiles3699jpg

Vagit Alekperov


Vagit Alekperov Vagit Alekperov Quotes QuotesGram

Alekperov was born in Baku, 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 a Muslim and his mother, Russian Orthodox. Alekperov is religious, but does not define himself as either Muslim or Orthodox. He was eighteen when he landed his first job in the industry.

Vagit Alekperov Vagit Alekperov Net Worth

Alekperov graduated in 1974 from Azerbaijan Oil and Chemistry Institute. As a student he also worked as a drilling operator in Kaspmorneft, a Caspian regional production company.

Vagit Alekperov Vagit Alekperov

After graduation, he continued to work there, and by 1979 he had advanced from engineer to deputy head of a production unit. He had to work in extreme conditions on oil platforms. On one occasion, an explosion on his rig threw him into the stormy Caspian sea, and he had to swim for his life.

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 first deputy general director of Bashneft production company. In 1987, he became general director of the newly created production company Kogalymneftegaz.

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. 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.

As deputy minister of the oil and gas industry of the Soviet Union, Alekperov was engaged in the formation of the first vertically integrated state-owned energy company, Langepas-Uray-Kogalymneft, which was established in late 1991 as a subsidiary of the Ministry of Fuel and Energy. In April 1993, Langepas-Uray-Kogalymneft became LUKoil Oil Company, with Alekperov as its president.

Alekperov has remained president of LUKoil since that time. Employing more than 100,000 people, today LUKoil is among the world's most powerful oil companies, with reserves second only to Exxon.

LUKoil has been 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 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.

Personal life

Alekperov is married to Larisa Victorovna Alekperova and has a son Yusuf born in 1990.


Vagit Alekperov Wikipedia

Similar Topics