1 Vagit Alekperov
Net Worth: $13.5 Billion As of March 2012
Azerbaijani businessman and former Caspian Sea oil rig worker later became a deputy minister in the Soviet oil industry. In 1991 took three large ministry controlled oil fields and set up Lukoil. Currently president of Lukoil, Russia's largest independent energy company, with a 20% stake. The firm's reserves are second only to ExxonMobil. In 2009 Lukoil won the the right to drill the giant Western Qurna-2 oil field in Iraq, one of the largest deposits in the world. Has good relationship with Vladimir Putin.
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