Vagit Alekperov Assets: From Lukoil Stake to Luxury Yacht and $3.5 billion Net worth

Alexander HarrisDecember 9, 2023

0 3,394 4 minutes read

Vagit Alekperov Assets — Vagit Alekperov

Table of Contents

Overview of Vagit Alekperov

Vagit Alekperov, renowned for his impressive business acumen, was born on September 1, 1950, in Baku, Azerbaijan SSR. A distinguished Russian-Azerbaijani businessman, Alekperov held the position of President at Lukoil, a leading oil company, from 1993 until 2022.

As of April 16, 2021, Forbes estimated Vagit Alekperov Assets net worth at a staggering $19.6 billion, securing his place as the ninety-fourth wealthiest person globally and the fifth in Russia. Notably, Alekperov is a Doctor of Sciences in Economics and a full member of the Russian Academy of Natural Sciences.

Commencing his career as a drilling rig operator at Caspmorneft, Alekperov’s journey to success is marked by notable achievements. In 2005, he became the first Russian citizen to receive the Woodrow Wilson Award, recognizing his outstanding contributions to corporate citizenship. Further accolades include the “Dostlug” Order conferred by Azerbaijani President Ilham Aliyev in 2020 for his exceptional services. Adding to his prestigious honors, on May 4, 2022, Alekperov was awarded the Order “For Merit to the Fatherland” of the first degree.

Expanding beyond his influential role in the oil industry, Vagit Alekperov strategically diversified his portfolio with substantial investments in luxury assets. This diversification serves as a testament to his multifaceted success and strategic wealth management approach.

Diverse Portfolio of Vagit Alekperov Assets

Yachts: Galactica Super Nova

The Galactica Super Nova, a 70.07-meter motor yacht with a 1,130 GT volume, was crafted by Heesen Yachts in The Netherlands. Launched in 2016, it proudly holds the title of Heesen’s largest creation to date.

Designed by Espen Øino International on the outside and boasting an interior crafted by Sinot Yacht Architecture & Design, the Galactica Super Nova offers a luxurious experience.

Key features include:

Accommodations for 12 guests in 6 cabins, along with a crew of 16, including the captain.
An aluminum hull and superstructure.
Powered by 2 MTU engines, it reaches a top speed of 30 knots.
A fuel capacity of 120,000 liters.

Despite its allure, the Galactica Super Nova is not available for purchase. Currently, this magnificent yacht is under the ownership of the esteemed Russian billionaire, Vagit Alekperov.

Dassault Falcon 7X Private Jet

The Dassault Falcon 7X stands out as a spacious, ultra-long-range business jet crafted by Dassault Aviation. Boasting an impressive range of 5,950 nautical miles, this aircraft is powered by three Pratt & Whitney PW307A engines and can achieve a top speed of Mach [Insert Mach Speed]. Designed for transcontinental journeys, it comfortably accommodates up to 12 passengers.

Unveiled for the first time at the 2001 Paris Air Show, the Falcon 7X took its inaugural flight on May 5, 2005. Following its introduction on June 15, 2007, this cutting-edge jet continues to be in production today. What sets it apart is its distinction as the pioneer in business jets featuring a digital flight control system—a technology derived from Dassault’s renowned Rafale fighter jet.

The estimated price tag for acquiring a Dassault Falcon 7X is approximately $25,450,000, reflecting the sophistication and advanced features that define this remarkable aircraft.

Alekperov’s Private Museum of Numismatics

The International Numismatic Club Museum, situated in Moscow, Russia, stands as a testament to the passion for numismatics ignited by Vagit Alekperov, President of PJSC “LUKOIL.” Established in 2015, this private museum provides a captivating glimpse into the world of coins.

Alekperov’s collection, a treasure trove boasting around 4.5 thousand exhibits, forms the heart of the museum’s captivating exposition. Housed within the meticulously renovated Yusupov-Zinoviev Chambers, an 18th-century architectural gem, the museum seamlessly blends history with numismatic splendor.

Accessible to the public by appointment, the museum embodies a commitment to sharing the richness of coin history. Beyond its physical presence, the institution actively collaborates with the scientific and museum communities. As a proud member of the International Numismatic Council (INC), the museum upholds rigorous standards and contributes to the global discourse on numismatics.

For those unable to visit in person, the museum’s virtual exhibition unfolds a captivating narrative through the lens of history. Specifically, it showcases an array of gold coins spanning the entire Romanov dynasty from 1613 to 1917, allowing enthusiasts to explore the opulence of this era from the comfort of their screens.

In essence, the International Numismatic Club Museum not only preserves the tangible artifacts of currency history but also invites a global audience to appreciate the intricate tales woven into each coin.

Alekperov's Private Museum of Numismatics — Alekperov’s Private Museum of Numismatics

Lukoil Stake and Financial Standing

Lukoil stands as one of the world’s major vertically integrated oil and gas companies, contributing to over 2% of global crude production and holding about 1% of proven hydrocarbon reserves.

As of the most recent financial report, Lukoil exhibits a formidable financial standing. The company boasts a total shareholder equity of RUB 4,523.2 billion and a total debt of RUB 542.8 billion, resulting in a debt-to-equity ratio of 12%. Lukoil’s EBIT is RUB 985.0 billion, leading to a robust interest coverage ratio of 56.8. Notably, the company holds RUB 677.5 billion in cash and short-term investments.

The balance sheet further attests to Lukoil’s sound financial position, characterized by a low debt burden and robust metrics. Additionally, the company’s short-term assets surpass both short-term and long-term liabilities. Over the past five years, Lukoil has significantly reduced its debt level from 21.6% to 12%, indicating a prudent financial strategy.

In essence, Lukoil’s financial health and sturdy balance sheet underscore its commanding presence in the dynamic oil and gas industry.

Net Worth and Global Ranking

As of December 8, 2023, Vagit Alekperov’s net worth stands at an impressive $23.7 billion, according to Forbes’ Real Time Net Worth. This places him as the 71st wealthiest individual globally, with the Bloomberg Billionaires Index also corroborating his net worth at $23.7 billion.

Alekperov has amassed his wealth through a thriving career in the oil industry and astute investment strategies. His financial standing reflects both his professional success and the shrewd decisions that have propelled him into the upper echelons of global wealth.

Adding new information regularly…