Net Worth: $8.8 Billion
- Source of Wealth Oil, Banking, Telecom
- Birth Place Kiev, Ukraine
- Marital Status Married (Angelika Khan)
- Full Name German Borisovich Khan
- Nationality Russian
- Date of Birth October 24, 1961
- Ethnicity Ukrainian-Jewish
- Occupation Businessman, Founder of Alfa Group
- Education Moscow Institute of Steel and Alloys
- Children 3
About German Khan
Russian businessman German Khan is one of the founders of Alfa Group and he has an estimated net worth of $8.8 billion in July 2016 according to Bloomberg. Born German Borisovich Khan on October 26, 1962 in Kiev, he was a graduate of the Moscow Institute of Steel and Alloys.
Khan has business interests focused in the oil and gas industries. It is no wonder that he earned 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 is also a member of the Management Board of the company. He is considered the 12th richest person in Russia and is ranked 103rd in the list of World Billionaires.
Mr. Khan, along with his college friend, Mikhail Fridman and Alexei Kuzmichev, they founded Alfa -Eco in 1989. After two years, they founded Alfa Bank which is now the biggest private bank in Russia. Today, Alfa Group is one of Russia’s largest privately owned investment groups with interests in oil 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 biggest retailer, X5.
In 2012, together with billionaires Viktor Vekselberg and Leonard Blavatnik, agreed to sell a 50% stake in TNK-BP for $28 billion to state-owned Rosneft. He earned almost $3.3 billion in cash.