Quote by Vagit Alekperov

Vagit Alekperov (born September 1, 1950) is a prominent Russian businessman and billionaire, co-founder and former president of Lukoil, one of Russia's largest private oil companies. Born in Baku, Azerbaijan, he graduated from the Azerbaijan Institute of Oil and Chemistry. With extensive experience in the Soviet oil industry, he co-founded Lukoil in 1991 and led its growth into a global energy player. Known for his leadership in the energy sector and contributions to Russia's economy, he also attracts attention for his wealth and political ties. As of 2025, his net worth is estimated at over $20 billion. more