Bloomberg Billionaires Index

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# 357 Leonid Fedun $6.78B

Random fact: A fan of his Spartak Moscow soccer team.


Fedun is a shareholder of Lukoil, a Russian oil and gas producer. He led the privatization of the Moscow-based company and he and his family retain a stake of about 12%. Fedun has collected more than $1.5 billion in dividends from his partial ownership of Lukoil. It reported revenue of $125 billion in 2021.

As of :
Last change +$9.58M ( +0.1%)
YTD change +$911M ( +15.5%)
Biggest asset LKOH RX Equity
Country / Region Russian Federation
Age 66
Industry Energy
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Leonid Fedun's net worth of $6.78B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Fedun's fortune is derived from a 12% stake in Lukoil, a Russian oil producer. The former Russian army lieutenant colonel was enlisted by Lukoil President Vagit Alekperov to help with the privatization of the company in the 1990s. 

A 2.4% stake owned by his children, Anton and Ekaterina Fedun, is credited to him to reflect his status as former vice president and board member of Lukoil. The calculation of the combined Lukoil stake was changed on April 7, 2022 to remove the London Stock Exchange-based shareholding and replace it with the Moscow-based equivalent, in-line with the calculation of other Russian fortunes. This change led to an increase in the valuation of more than $5 billion.

Since Lukoil's London public offering in 2002, the billionaire has collected more than $1.5 billion in dividends, and has spent more than $1 billion buying Lukoil shares since 2007. The value of his cash investments is based on these proceeds, as well as taxes, market performance and insider transactions.


Family: Married, 2 children

Fedun was born in Kiev, Ukraine, in 1956. After graduating from the M.I. Nedelin Higher Military Command School in Rostov in 1977, he began serving as an officer in the Soviet army and later attended military school while in service. He graduated from the F. Dzerzhinsky Military Academy in 1984.

Fedun resigned from military service two years after the collapse of the Soviet Union. He enrolled in the Higher School of Privatization and Entrepreneurship in Moscow, and worked as a consultant for Lukoil. He became acquainted with the company's president, Vagit Alekperov, in the early 1990s, who asked Fedun to oversee the company's privatization. That started in 1993. Under Fedun's supervision, Lukoil's top-managers accumulated stakes in the company.

Lukoil sold shares in an initial public offering in London in 2002, when the Russian government raised $775 million by selling 5.9 percent of the company. In 2004, Houston-based ConocoPhillips bought most of Russia's remaining 7.6 percent stake in the company for about $2 billion.

Fedun was Lukoil's vice-president for strategic development. The company has expanded beyond Russia and into new exploration, production and distribution markets, including Iraq and the U.S. In 1997, Lukoil secured the rights to develop an oilfield from Saddam Hussein and, in 2000, it bought Getty Petroleum Marketing and its network of 1,300 U.S. service stations.

The billionaire bought a controlling stake in the Spartak Moscow soccer team in 2004. He lives in Moscow with his wife.

  • 1956 Fedun is born in Kiev, Ukraine.
  • 1977 Graduates from M.I. Nedelin Higher Military Command School.
  • 1993 Becomes general director of the Lukoil Consulting company.
  • 1994 Appointed vice-president of Lukoil.
  • 2000 Getty Petroleum's 1,300 gas stations acquired by Lukoil in U.S.
  • 2004 ConocoPhillips buys 8 percent of Lukoil, increases stake to 20 percent in 2006.
  • 2011 ConocoPhillips sells 20 percent of Lukoil.