Portrait of Leonid Mikhelson & family

Rank #88

Leonid Mikhelson & family

Net worth $28.3B

Gas, chemicals · Russia

Born
Aug 11, 1955
Age
70
Source
Gas, chemicals
Residence
Moscow
Citizenship
Russia
Marital status
Married
Children
2
Education
Master of Science in Engineering, Kuybyshev Engineering and Construction Institute

Net worth over time

Biography

  • Leonid Mikhelson is the founder and chairman of natural gas producer Novatek.
  • In 2017 he bought a 17% stake in petrochemical company Sibur from Kirill Shamalov, Putin's reported former son-in-law, increasing his stake to 48%; he now holds just over 30%.
  • In 2021 Sibur merged with TAIF Group, with extensive assets in the Republic of Tatarstan; among TAIF's owners are the sons of Tatarstan's first president.
  • Mikhelson spent more than $470 million turning a power plant across from the Kremlin into a spectacular art space GES-2, which opened in late 2021.
  • An avid art collector, Mikhelson has sponsored museum exhibits in Russia and the U.S through a fund named after his daughter.
  • Mikhelson began his career as a foreman for a construction company building a gas pipeline in Russia's Tyumen region.

Financial assets

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