Bloomberg Billionaires Index

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# 359 Leonid Fedun $5.86B

Random fact: Enjoys reading novels by Dan Brown, author of "The Da Vinci Code."


Fedun is a vice president and board member of Lukoil, a Russian oil producer. He led the privatization of the Moscow-based company and retains with his family about 12% of it. Fedun has collected more than $1.5 billion in dividends from his stake in Lukoil. He also owns part of IFD Kapital and controls the Spartak Moscow soccer team.

As of :
Last change -$26.4M ( -0.5%)
YTD change -$3.26B ( -35.7%)
Industry Energy
Biggest asset LKOD LI Equity
Citizenship Russian Federation
Age 64
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Leonid Fedun's net worth of $5.86B 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

Latest News

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 vice president and board member of Lukoil.

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.

Fedun holds a 12.5% stake in IFD Kapital, a diversified Moscow-based holding entity with interests in energy, construction, banking and media. The company doesn't publish detailed financial results and valued its assets at $5.7 billion and equity value at $3.6 billion in 2015.

The billionaire bought with Alekperov a controlling stake in the Spartak Moscow soccer team in 2004, and owns 32.7% of the team. The company is valued using the average enterprise value-to-sales multiple of four publicly traded European soccer teams: Arsenal, Juventus, Manchester United and Ajax. He spends about $30 million a year operating the team, he said in a 2014 interview with Bloomberg News.

Dmitry Dolgov, a Lukoil spokesman, said Fedun declined to comment on his net worth.


Birthdate: 4/5/1956
Family: Married, 2 children
Education: Rostov Nedelin Higher Military School

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 is 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.