Leonid Mikhelson's Biography

Leonid Mikhelson is a prominent Russian billionaire, industrialist, and the driving force behind Novatek, Russia's largest independent natural gas producer. Born on August 11, 1955, in Kaspiysk, Russia, Mikhelson graduated from the Kuybyshev Civil Engineering Institute before embarking on a remarkable career in the energy sector. His big break came during the massive privatization wave of the 1990s, when he secured a controlling stake in Novatek, setting the stage for his ascent into the ranks of the world’s wealthiest individuals. Over the decades, Mikhelson expanded his business empire to include significant holdings in Sibur, a major petrochemical company, further solidifying his reputation as a savvy and influential businessman. Despite being a private individual with no social media presence, he is well-known for his philanthropic efforts, particularly in the arts. Mikhelson is the founder of the V-A-C Foundation, a major institution dedicated to contemporary art and culture. While he has faced controversies, including sanctions and scrutiny over his business dealings, Mikhelson remains a powerful figure in global energy markets. As of 2024, his estimated net worth is $23.5 billion, reflecting his enduring influence and success in business. With a keen interest in art collecting and philanthropy, Leonid Mikhelson continues to shape both the economic and cultural landscapes in Russia and beyond.