Biography
A former Caspian Sea oil rig worker, Vagit Alekperov became a deputy minister overseeing the oil industry in the Soviet Union.
In 1991 he took three large ministry-controlled oil fields and set up Lukoil, now Russia's largest independent oil company.
Lukoil, of which he owns about 30%, was hit by U.S. sanctions in September 2014.
Alekperov stepped down as the president of Lukoil in April 2022, a few days after being sanctioned by the U.K.
Alekperov transferred his ownership in Dutch shipyard Heesen Yachts, where his 230-foot yacht Galactica Super Nova was built, to a dutch foundation in 2022.
Perspective on their fortune
Gold
Everyday luxury
A Vagit Alekperov's fortune is equivalent to 199 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Vagit Alekperov could buy 52,984,123 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 9 trucks to transport them, But we can be almost certain that Vagit Alekperov will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Vagit Alekperov's fortune with the healthcare spending of a huge country
Vagit Alekperov could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 13.3 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Vagit Alekperov could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 5.9 years
Education
Buying the future
Lowest education spending
Vagit Alekperov could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 8.7 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Vagit Alekperov could pay for it in full for 11.8 years.
Research
The monopoly of progress
Lowest research spending
Vagit Alekperov could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 49.6 years.
Highest research spending
But even if we compare the total wealth of Vagit Alekperov with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.1 years.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison