German Khan
- January 13, 2024
- Entrepreneur
Quick Facts
German Khan Biography
| Birthday | Oct 24 |
| Birth Year | 1961 |
German Khan is one of the most popular and richest Entrepreneur who was born on October 24, 1961 in Kyiv, Ukraine.
German Borisovich Khan (Russian: Герман Борисович Хан ; born 24 October 1961) is a Ukrainian-Russian billionaire businessman. After graduating from university in 1988 he worked in a wholesale business selling consumer items, before setting up his own cooperative. He was then appointed the head of the wholesale trade business Alfa Eco as part of the Alfa Group Consortium, by Mikhail Fridman. He became president of Alfa Eco in 1996 and was instrumental in directing the company to focus on export and the oil trade. When Alfa bought Tyumen Oil (TNK) in 1997, he joined the board of directors. He was deputy chairman of TNK Oil Company from 1997 until 2003. In 2003, Khan worked with the other TNK owners to form a 50–50 joint venture with British Petroleum (BP), in what was the largest foreign investment in Russia to date, at US$8 billion.
Khan held a number of managerial positions at Alfa Group starting in 1992. With Alfa-Eco restructured as the trading arm of the Alfa Group, Khan was Alfa-Eco’s head of trade operations until 1996 and its director of commodity trading from 1995 to 1998. He became president in 1996, where for his two-year tenure he was instrumental in directing the company to focus on export and the oil trade. The company started by purchasing crude, securing contracts with refiners to process it, and then selling the refined product. In 1997, Alfa Group Consortium together with Access Industries and Renova Group acquired the state-owned TNK Oil Company (Tyumen Oil Company). Alfa Group purchased 40% of TNK’s shares. When Alfa bought Tyumen Oil (TNK), he joined the board and remained involved in M&A deals. Khan was appointed deputy chairman of the management board of TNK in 2000, retaining the role until 2003.
German Borisovich Khan was born on 24 October 1961 in Kiev, Ukraine. The son of Ukrainian Jewish parents from Lviv, his father was a metallurgy professor. Khan had a keen interest in sports at a young age, and during high school he developed a long-term interest in boxing, citing the sport as an influence on building confidence and self-discipline. Khan graduated from high school in 1978 and subsequently worked for a year as an apprentice on a shop floor of a factory. He then studied mechanical engineering at the Kiev-Pedagogical College, graduating in 1982. 1983 he enrolled in the Moscow Institute of Steel and Alloys (MISIS), where he specialised in the study of steel production. After graduating from college in 1988, Khan operated small businesses such as the clothing cooperative “Alexandrina” he founded with a partner, where he served as deputy chairman and handled supply chain and sales before its sale in 1990.
As of December 11, 2023, German has a net worth approximately 9.4 billion USD (2020).
German Khan Net Worth
| Net Worth | 9.4 billion USD (2020) |
| Source Of Income | Entrepreneur |
| House | Living in own house. |
Net Worth: As of 2020, German Khan’s net worth was reported to be approximately 9.4 billion USD, showing him as one of the wealthiest individuals in the world. His assets include significant ownership shares in Alfa Group, Russia’s largest financial and industrial investment group. Khan also acquired substantial wealth from the sale of TNK-BP to Rosneft in 2013, reported to be one of the biggest energy takeovers in history, which amounted to 56 billion USD. Khan’s net worth far surpasses the average wealth of entrepreneurs globally, reflecting his immense success in business dealings.
Career and Financial Growth: Khan’s distinguished career began with his cooperative and flourished as he took on increasingly significant roles within Alfa Group Consortium. He displayed a keen business acumen, manifesting in strategic expansion into export and oil trade, which greatly enriched his financial status. The pivotal point of his wealth accumulation came from the joint venture with British Petroleum and the formation and subsequent sale of TNK-BP. His current venture, Luxembourg-based LetterOne, is another promising avenue for growth.
Source of net worth: Khan’s prime source of wealth is his successful entrepreneurship in the oil industry. His significant roles in Alfa Eco, TNK- BP, and LetterOne have been instrumental. Though there is no information on endorsements and sponsorships, his primary income has been from his strategic business decisions and successful investments in the energy sector.
Personal Projects and Ventures: Outside of his main professions, Khan has established LetterOne, focusing on investing the proceeds from the sale of TNK-BP into international projects.
Philanthropy: Khan is known for his philanthropic endeavors. He is an active supporter of the Life Line charitable program in Russia, which caters to critically ill children. He also regularly contributes to the European Jewish Fund. He co-founded and supports the Genesis Philanthropy Group, aiming to enhance Jewish identity among Jews worldwide.
Recent Developments: Recently, Khan stepped down from the LetterOne board after the imposition of sanctions by the EU and UK due to the 2022 Russian Invasion of Ukraine. These sanctions might impact the future growth of his net worth, and the current economic climate would be a significant factor in determining the future course. His net worth might also be influenced by how the rest of his investments, especially those under Alfa Group, continue to perform in the face of global economic turbulence.
Height, Weight & Body Measurements
German Khan height Not available right now. German weight Not Known & body measurements will update soon.
Who is German Khan Dating?
According to our records, German Khan married to Angelika Khan. As of January 13, 2024, German Khan’s is not dating anyone.
Relationships Record : We have no records of past relationships for German Khan. You may help us to build the dating records for German Khan!
In July 2012, TNK-BP was sold to the state-owned Rosneft for $56 billion, a process which was still underway by early 2013. Reuters described it as “one of the biggest energy takeovers in history,” with the overall deal worth $55 billion. Khan officially left TNK-BP in March 2013 after Alfa Group sold its 50% stake in TNK-BP to Rosneft for $28 billion. Khan earned around $3.3 billion in the deal. Using the $14 billion raised from selling their stakes in TNK-BP, Khan joined Mickhail Fridman in establishing LetterOne (L1), based in Luxembourg, for the purpose of investing the proceeds from the sale of TNK-BP in international projects.
Facts & Trivia
German Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in Ukraine. German Khan celebrates birthday on October 24 of every year.
DEA sold its North Sea oil fields to Ineos, the chemical company owned by Jim Ratcliffe, for an undisclosed sum in October 2015. At the time, the British government assured LetterOne that the forced sale of DEA’s UK assets was “not a judgement on the suitability of LetterOne’s owners to control these or any other assets in the UK.” On 14 October 2015, LetterOne Group announced that it had agreed a deal to acquire German utility E.ON’s interests in three producing Norwegian fields, all located in the Norwegian Continental Shelf. Norway’s oil minister supported the deal and said that approval would be handled “in the usual way.” As of 2016, Khan retains positions on the supervisory board at both Alfa Group Consortium and Alfa Group. He is also a director at Alfa Finance Holdings SA, Alfa Bank ABH Holdings S.A., LetterOne Holdings S.A., and the supervisory board of DEA Deutsche Erdoel AG. He ranked as the 128th richest person in Europe as of March 2016, with an estimated net value of US$8.7 billion.