German Khan Net Worth $8.9 Billion
Russian businessman German Khan is one of the creators of Alfa Group and he has an estimated net worth of $8.9 billion as of February 2015 according to Bloomberg Billionaires List. Khan has company interests focused in the petroleum and gasoline industries. It’s no wonder he brought in his estimated net worth of $10.5 billion with oil giant TNK which is half-owned by BP and was taken over by Alfa Group in 2003. He served as the Executive Director of TNK-BP Management from 2003 to 2013. He’s also a member of the Management Board of the firm. He’s considered the 12th richest person in Russia and is ranked 103rd in the listing of World Billionaires. In 2012, jointly with billionaires Viktor Vekselberg and Leonard Blavatnik, agreed to sell a 50% stake in TNK-BP for $28 billion to state-owned Rosneft. He brought in nearly $3.3 billion in cash. Mr. Khan, along with his college buddy, Mikhail Fridman and Alexei Kuzmichev, they founded Alfa -Eco in 1989. After two years, they founded Alfa Bank which is now the largest private bank in Russia. Today, Alfa Group is one of Russia’s largest privately owned investment groups with interests in petroleum and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water utilities and special situation investments. It has stakes in the cellular company, Vimpelcom, and owns the largest retailer, X5.