Vagit Alekperov Net Worth (Updated 2025).

Vagit Alekperov, a name that has become synonymous with the oil industry, began his career in the Soviet Union’s oil sector. Born in 1950, Alekperov graduated from the Gubkin Russian State University of Oil and Gas in 1972, marking the start of his journey in the energy sector. Post-graduation, he joined the Soviet oil industry, where he climbed the ranks, eventually becoming the head of the Neftgazpererabotka association in the 1980s.

Vagit Alekperov’s Current Net Worth (2025)

As of 2025, Vagit Alekperov’s current net worth is estimated to be around $14.5 billion, according to Forbes. He is one of the wealthiest individuals in Russia and the world.

Frequently Asked Questions about  Vagit Alekperov

Frequently Asked Questions about Vagit Alekperov

1. What is Vagit Alekperov’s net worth?

Vagit Alekperov’s net worth is estimated to be around $6.5 billion.

2. Who is Vagit Alekperov?

Vagit Alekperov is an Azerbaijani businessman and former oil industry minister of the Soviet Union. He is the founder and president of the energy company Lukoil.

3. When was Lukoil founded?

Lukoil was founded in 1991, with Vagit Alekperov as one of its founding members.

4. What is Vagit Alekperov’s role in Lukoil?

Vagit Alekperov serves as the president of Lukoil. He has been in this position since the company’s inception in 1991.

5. How did Vagit Alekperov make his fortune?

Vagit Alekperov made his fortune through his involvement in the oil industry. He played a significant role in the privatization of Soviet oil assets in the early 1990s, which led to the formation of Lukoil.

6. What are some of Vagit Alekperov’s philanthropic efforts?

Vagit Alekperov has been involved in various philanthropic efforts. He has donated to healthcare, education, and cultural institutions in Russia and Azerbaijan. He also established the Vagit Alekperov Foundation, which supports social and charitable projects.

7. What is Vagit Alekperov’s political affiliation?

Vagit Alekperov is not known to have any formal political affiliation. However, he has been a member of the Russian Federation Council since 2004.

8. What are some of the awards and recognitions Vagit Alekperov has received?

Vagit Alekperov has received several awards and recognitions, including the Order of Friendship of Peoples (1996), the Order of Honor (2001), and the Order of Alexander Nevsky (2011). He has also been named one of the world’s most influential people by Time magazine.

9. What is Vagit Alekperov’s educational background?

Vagit Alekperov graduated from the Azerbaijan State Oil Academy in 1972 with a degree in drilling and operation of oil and gas wells.

10. What is Vagit Alekperov’s nationality?

Vagit Alekperov is of Azerbaijani nationality. He was born in Neftchala, Azerbaijan, then part of the Soviet Union.