Leonid Mikhelson & family
#87

Leonid Mikhelson & family

Russia 70 years old Self-Made

Overview

Source of Wealth
Gas, chemicals
Industry
Energy
Residence
Moscow
Education
Kuybyshev Engineering and Construction Institute (Master of Science in Engineering)
Marital Status
Married
Children
2

Assets

  • Novatek
    746,802,000 shares @ -
    -
    NVTK-RU

Biography

Leonid Mikhelson is the founder and chairman of natural gas producer Novatek.

In 2017 he bought a 17% stake in petrochemical company Sibur from Kirill Shamalov, Putin's reported former son-in-law, increasing his stake to 48%; he now holds just over 30%.

In 2021 Sibur merged with TAIF Group, with extensive assets in the Republic of Tatarstan; among TAIF's owners are the sons of Tatarstan's first president.

Mikhelson spent more than $470 million turning a power plant across from the Kremlin into a spectacular art space GES-2, which opened in late 2021.

About

An avid art collector, Mikhelson has sponsored museum exhibits in Russia and the U.S through a fund named after his daughter.

Mikhelson began his career as a foreman for a construction company building a gas pipeline in Russia's Tyumen region.