Alexei Kuzmichev Net Worth

Net Worth: $7.44 Billion
  • Source of Wealth:

    Oil, Banking, Telecom
  • Age:

  • Birth Place:

    Kirov, Russia
  • Marital Status:

  • Full Name:

    Alexei Viktorovich Kuzmichev
  • Nationality:

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About Alexei Viktorovich Kuzmichev

Alexei Kuzmichev is a Russian businessman with an estimated net worth of $7.44 billion in July 2017, according to Bloomberg. Born Alexei Viktorovich Kuzmichev on October 15, 1962 in Kirov, Russia, he studied at the Moscow Institute of Steel and Alloys.

Kuzmichev earned his estimated net worth of $7 billion as one of the shareholders of Alfa Group together with fellow billionaires and college pals, German Khan and Mikhail Fridman. The firm is the biggest financial and industrial group in Russia. It began in 1989 as Alfa-Eco which has now become Alfa Group Consortium. They also founded Alfa Bank in 1991, and it is now the biggest private bank in Russia. In the late 1990's, they bought the Tyumen Oil from the state and merged it with BP’s Russian assets, thus, forming TNK-BP.

In 2012, the Alfa Group trio and the AAR partners and billionaires Viktor Vekselberg and Leonard Blavatnik agreed to sell a 50% stake in TNK-BP to state-owned Rosneft for $28 million. Kuzmichev is expected to gain more than $2.5 billion in cash. The trio also owns stakes in Vympelcon, a cellular company. It also owns Russia’s biggest retailer, X5.

Kuzmichev is the Chairman of the Advisory Committee of A1, a private equity company within by Alfa Group. A1 manages a portfolio off assets which included Nezavisimost, the largest car sale company in Russia; two cinema networks, Kronwerk Cinema and Formula Kino; and BelMarket, the largest supermarket chain in Belorussia.