Alexander Dzhaparidze Net Worth $2.3 Billion
Alexander Dzhaparidze was the Chief Executive Officer, chief owner plus one of the creators of Eurasia Drilling Company (EDC) with an estimated net worth of $2.3 billion as of March 2013 according to Forbes. He is likewise the 44th wealthiest man in Russia and ranked 641st in the World Billionaires list. In 2011, Dzhaparidze sold his 22% stake in the publicly traded Russian oilfield services. Prior to that, he cut his position from 38.75% to 33.75% after selling 5% of his shares for $240 million on the markets. His current estimated net worth of $2.3 billion is the result of his investments in various businesses. Alexander Dzhaparidze’s earnings after selling his shares at EDC were used to buy an item of Hadar Fund which can be known as a mysterious investment firm. Dzhaparidze reasoned out that he only needed to diversify. But there’s no clear data to support the success of the company. Dzhaparidze sold the firm to the oil-services giant Schlumberger. Since February 2007, he’s been the Executive Chairman of the Board of Directors. From 1990 to 1995, he was the Managing Director of the Soviet-U.S. joint venture oilfield services firm MD SEIS. He is also a Doctor of Science as well as an associate of the Eurasia Geophysical Society. Dzhaparidze was an awarded in 2006 of the RF Government prize for special accomplishments in science and technology.