Vagit Alekperov may not be a household name in the West, but in the world of oil, yachts, and quiet fortunes, he’s a serious heavyweight. His net worth is around $28.7 billion USD as of July 2025, and he’s done more than build an energy empire. Here are 15 things you might not know about him.
His Yacht Is a Floating Five-Star Hotel Without the Guests
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The Galactica Super Nova, built by Heesen Yachts, cost Alekperov around $120 million. It fits 12 guests, boasts six staterooms, a VIP suite, and even a glass-bottom pool. Despite the massive size, it’s rarely crowded. He once admitted he has no real friends outside his business circle. The yacht ends up more spa than social scene, often enjoyed by just his wife and son.
Started in the Oil Fields—Literally
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Before the billions, there was Baku. Alekperov was born in the heart of the Soviet oil industry and worked his way up from a drilling technician. He followed in his father’s footsteps, who worked offshore in the Caspian Sea.
He’s the Guy Behind Russia’s Largest Independent Oil Company
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Alekperov co-founded Lukoil in 1993 by merging three state-run oil companies. He served as its president for nearly three decades. At its height, Lukoil had assets in over 30 countries. He stepped down in 2022, but still holds a large stake, about 30%, according to Forbes. That’s one way to keep the yacht fuel flowing.
Keeps His Rare Coins Under Lock, Key, and Glass
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Alekperov is one of Russia’s most serious numismatists. His private coin collection reportedly features over 700 pieces, including rare gold and platinum coins from ancient to modern times. He even built a Museum of Numismatics to house them.
Once Owned Part of a Dutch Shipyard
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Until 2022, Alekperov had a stake in Heesen Yachts, the company that built his superyacht. He later transferred the ownership to a Dutch foundation following international sanctions. Still, it’s fair to say he’s not just a yacht customer—he was also one of the builders. Not many billionaires can say the same.
His Philanthropy Is Quiet but Serious
Credit: Our Future Foundation
Alekperov rarely seeks attention for his charitable work, but the “Our Future” foundation—launched to back social entrepreneurship across Russia—reflects a long-term commitment to change. He’s gone on record about plans to leave a major portion of his Lukoil shares, valued in the billions, to a charitable trust once he’s gone.
Gave a Gift That Includes 28 Paintings and Zero Price Tags
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He also donated a collection of Arctic exploration paintings to the Russian Geographical Society. These artworks celebrate Russian polar explorers, scientists, and seafarers. The donation was presented during a meeting chaired by President Vladimir Putin. It’s a classy flex—art over yachts, just this once.
He's a One-Yacht-Per-Mood Kind of Guy
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Alekperov doesn’t stop at one superyacht. Alongside the Galactica Super Nova, he owns Galactica Plus, a 114-foot vessel built for comfort on a smaller scale. Public records confirm both yachts are part of his fleet, though details about how often he uses either remain private. For Alekperov, collecting high-end yachts seems more routine than indulgent.
His Son Runs a Business That Repairs Oil Wells
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Yusuf Alekperov, born in 1990, started WellTech in 2023. The company helps service oil wells, including some operated by Lukoil. It’s a modern twist on the family business: Dad built the oil empire, and the son keeps the rigs running.
Held a Soviet Ministry Position at Just 39
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In 1990, Alekperov became the Soviet Union’s Deputy Minister of Oil and Gas. That made him the youngest to ever hold the role. It also put him in charge of huge swaths of Soviet energy policy, setting the stage for the empire he would later create after the USSR collapsed.
His Religion Is a Personal Blend
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Alekperov comes from a mixed religious background. His father was Muslim, his mother Russian Orthodox. He has said he considers himself religious, though private about his faith. It’s one of the quieter aspects of a man whose life is otherwise defined by high-profile success and low-key solitude.
He Has Faced Sanctions From Several Countries
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In response to the 2022 conflict in Ukraine, countries including the U.K., Canada, Australia, and New Zealand imposed sanctions on Alekperov. These sanctions affected his ability to travel and manage foreign holdings. He responded by stepping down from executive roles and restructuring some of his assets.
His Net Worth Can Swing by the Billion
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As of July 2025, Forbes pegs his real-time net worth at $28.7 billion USD, ranking him #66 globally. But his wealth hasn’t always been stable. In some estimates, he’s dipped as low as $3 billion, depending on market forces, sanctions, and share values. For billionaires, a few billion is just part of the ride.
He Once Owned Part of a Football Club
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Alekperov reportedly held shares in Spartak Moscow, one of Russia’s most famous football clubs. Though details are scarce and his involvement wasn’t long-term, it’s another example of how diverse his interests are. Yachts, coins, oil, and football—he’s playing in all leagues.
Doesn’t Throw Yacht Parties Like the Others
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While many billionaires fill their boats with celebrities and DJs, Alekperov’s parties are more reserved. If they happen at all. Despite having space for 12 guests, including a helipad and beach club, his yachts often sail with a minimal crowd. It’s the kind of billionaire lifestyle that whispers instead of shouts.