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Andrei Kosogov Net Worth

Andrei Kosogov Net Worth

Net Worth: $1.27 Billion

Statistics
  • Source of Wealth Oil, Telecom, Banking
  • Birth Place Estonia
  • Marital Status Married
  • Full Name Andrei Nikolayevich Kosogov
  • Nationality Russian
  • Date of Birth March 15, 1961
  • Occupation Chairman of the Board of Altimo
  • Education Moscow Power Engineering Institute
  • Children two children
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About Andrei Kosogov

Andrei Kosogov is the Chairman of the Board of Altimo and he has an estimated net worth of $1.27 billion in April 2016 according to Forbes. He is the 66th richest person in Russia and 974th in the world. Born Andrei Nikolayevich Kosogov on March 15, 1961 in Estonia, he earned his Bachelor of Science in Engineering degree from the Moscow Power Engineering Institute.

Kosogov has accumulated his estimated net worth since he served as commercial director at a small firm founded with the help of the institute. He was hired by Alfa Group in 1992 to oversee the establishment of a private investment fund. After several months, he became the chief executive of Alfa Capital, the fund management company of the group. In 1998, after expanding Alfa Capital, he was appointed as the first deputy of the chairman of the bank and became responsible for all of the bank’s investment funds.

As the Chairman of the Board at Altimo, the telecom subsidiary of Alfa Group, he is responsible in overseeing the cell network operator Vimpelcom. In 2011, it merged with Egyptian billionaire Naguib Sawiris‘ telecom holdings to form Wind Telecom to become the sixth largest telecom company in the world. Last year, together with AAR partners Viktor Vekselberg and Leonard Blavatnik, Alfa Group agreed to sell a 50% in TNK-BP to the state-owned Rosneft oil company for $28 million. He then became $750 million richer in cash.