Russian businessman and billionaire Vagit Alekperov was born in Azerbaijan in 1950. Amongst Russia’s richest individuals, Alekperov ranks fifth. He ranks 114th richest person in the world. According to Forbes magazine, he has an estimated net worth of $12.3 billion. Alekperov has made lucrative investments in banking and media. Alekperov is one of the presidents of LUKoil whichwas established in 1991 and is one of the most dominant and successful oil conglomerates on the planet.
LUKoil has over 100,000 employees and is second only to Exxon in global oil reserves. Lukoil became the first Russian company in history to ever take over an American company when it acquired Getty Petroleum Marketing in 2000.