What is Vagit Alekperov's Net Worth?
Vagit Alekperov, a prominent Russian businessman, has amassed a significant net worth of $3 billion. Born in Baku, Azerbaijan, he graduated from the Azerbaijan Oil and Chemistry Institute in the mid-1970s. Alekperov began his career with Kaspmorneft, a drilling company, while still completing his education and transitioned into a full-time engineering role upon graduation.
Over the years, he quickly climbed the ranks from an engineer to head of his production unit. His career took further strides when he moved to Siberia to work for Surgutneftegaz, another major player in the oil industry. Here, Alekperov established himself as an expert within the industry, which paved the way for his role as director or deputy director of various oil production companies.
In the early 1990s, Alekperov took on a government role as the Deputy Prime Minister of the Oil and Gas Industry of the Soviet Union. During this period, he played a crucial role in the creation and execution of Langepas-Uray-Kogalymneft, the first vertically integrated state-owned oil and energy company in Russia. This company later rebranded to LUKoil, where Alekperov became its largest shareholder and served as its President.
