Rank #313
German Khan
Net worth $10.6B
Oil, banking, telecom · Russia
- Born
- Oct 24, 1961
- Age
- 64
- Source
- Oil, banking, telecom
- Residence
- Moscow
- Citizenship
- Russia
- Marital status
- Married
- Children
- 4
- Education
- Bachelor of Arts/Science, Moscow Institute of Steel and Alloys
Net worth over time
Biography
- German Khan, a native of Ukraine, cofounded Alfa Group and LetterOne (Luxembourg), with fellow billionaires Mikhail Fridman and Alexei Kuzmichev.
- The college pals have been partners since 1989, when they started commodities trader Alfa-Eco.
- He is a cofounder of Alfa Bank, the largest non-state owned bank in Russia, which was hit with U.S. sanctions in April.
- Alfa Group's Tyumen Oil company merged with BP's Russian assets in 2003 to form TNK-BP.
- After 10 years, the partners sold their 25% stake in TNK-BP for $14 billion.
- Fridman, Aven, Khan and Kuzmichev were all sanctioned by the EU and U.K. in February and March 2022; Khan stepped down from LetterOne's board in March.
- He moved back to Moscow from London in the Summer of 2022.
- Khan, who is an Israeli citizen, wanted to immigrate to Israel in the late 1980s, but friend Mikhail Fridman convinced him to start a business with him in Moscow.
- With Fridman, Khan filed defamation lawsuits in connection with allegations they worked with Kremlin to influence the 2016 presidential elections.
Financial assets
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