Support The Moscow Times!

Russian Oil CEO’s Son Named Country’s Richest Heir for $21.8Bln Fortune – Forbes

Vagit Alekperov Kremlin.ru

The son of LUKoil chief executive Vagit Alekperov is Russia’s richest heir with an expected inheritance of $21.8 billion, according to rankings published by Forbes Russia on Thursday.

Forbes estimates that the 48 ranked sons and daughters of Russian tycoons are set to inherit a combined $238 billion from their parents. Last year, the business magazine ranked 26 children with a total inheritance of $211 billion.

Yusuf Alekperov Instagram

Alekperov’s 28-year-old son Yusuf is expected to inherit the 68-year-old’s entire $21.8 billion fortune, making him Forbes Russia’s richest scion for at least the fourth year in a row.

The second spot remained unchanged from 2018, with gas magnate Leonid Mikhelson’s daughter Viktoria expected to inherit half of his $24.4 billion.

Steel tycoon Vladimir Lisin’s daughter and two sons share the third spot at $7.6 billion each, surpassing the children of industrialist Andrei Melnichenko, who held the spot in 2018.

Banker Roman Avdeev’s 23 children were named the “poorest” scions this year with an inheritance of $74 million each.

Forbes Russia published its first-ever “30 under 30” list featuring up-and-coming entrepreneurs, artists and athletes on Wednesday.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.