Vagit Alekperov Estimated Net Worth In 2011: $13.9 Billion (USD)
Vagit Alekperov (1st Sep, 1950) is an Azerbaijani businessman and currently a President of the leading Russian oil company LUKOIL.
He is currently rated by Forbes magazine as the 8th richest person in Russia & the 50th richest person in the world.
In 1987, he became general director of the newly created production company Kogalymneftegaz.
In 1990, Alekperov was appointed deputy minister of the Oil and Gas Industry of the Soviet Union and became the youngest deputy energy minister in Soviet history.
Vagit Alekperov has remained president of LUKoil since that time. Employing more than 100,000 people, today LUKoil is among the world's most powerful oil companies, with reserves second only to Exxon.
LUKoil was also the first Russian company to acquire an American company. In November 2000, LUKoil acquired Getty Petroleum Marketing and its 1,300 gas stations in the United States.