German Khan

$10.54 B

Ranked #296 in World

About German Khan

German Borisovich Khan was born in Kyiv, Ukraine on October 24, 1961 to Ukrainian Jewish parents from Lviv. His father was a metallurgy professor, and Khan developed a passion for sports, specifically boxing, at a young age. He graduated from high school in 1978 and spent a year working as an apprentice on a factory shop floor. In 1982, Khan completed his studies in mechanical engineering at the Kyiv-Pedagogical College and went on to enroll in the Moscow Institute of Steel and Alloys (MISIS), specializing in steel production. After graduating from college in 1988, Khan embarked on a successful career that included leadership positions at Alfa-Eco, TNK, and TNK-BP. He eventually founded LetterOne and L1 Energy, faced challenges in the oil industry, and acquired various assets through his company. Khan's philanthropic endeavors include supporting charitable programs for sick children, Jewish initiatives, and the creation of a Holocaust memorial in Ukraine. He has also been involved in legal matters, filing defamation lawsuits and being named in sanctions acts. Khan holds Russian and Israeli citizenship and resides in London and Moscow with his wife Angelika and their four children.

Born

October 24, 1961 in Kyiv, Ukraine, USSR

Age

64 years

Source Of Wealth

Oil, Banking, Telecom

Industries

Energy

Citizenship

Russia

Residence

Moscow

Education

Bachelor of Arts/Science, Moscow Institute of Steel and Alloys

German Borisovich Khan was born on 24 October 1961 in Kyiv, Ukraine. He is the son of Ukrainian Jewish parents from Lviv. His father was a metallurgy professor. Khan developed an interest in sports at a young age, particularly boxing. He graduated from high school in 1978 and worked as an apprentice on a factory shop floor for a year. Khan then studied mechanical engineering at the Kyiv-Pedagogical College, graduating in 1982. He enrolled in the Moscow Institute of Steel and Alloys (MISIS) in 1983, specializing in steel production, and graduated in 1988.

German Khan: Family

Khan is married to Angelika and they have four children. He holds Russian and Israeli citizenship and lives in London and Moscow. Khan enjoys sports, including endurance, off-road, and rally driving, as well as hunting. He owns a villa in Monte Argentario, Tuscany. His father-in-law is Alex van der Zwaan, who pleaded guilty to charges related to the investigation into Russian interference in the 2016 US elections.

German Khan: Career Highlights

After meeting businessman Mikhail Fridman, Khan headed Alfa Eco, a wholesale trade business within Alfa Group Consortium. The company initially bought and sold various products, including carpets. Khan held managerial positions as the company expanded, including head of wholesale trade and export departments. Alfa Group Consortium includes Alfa Capital Management, Rosvodokanal Group, AlfaStrakhovanie Group, and A1 Group. Alfa Group also holds interests in Vimpelcom and X5 Group. Khan served as Alfa-Eco's head of trade operations until 1996 and director of commodity trading from 1995 to 1998. He became president of Alfa Eco in 1996, focusing the company on export and the oil trade.

Alfa Group Consortium acquired TNK Oil Company (Tyumen Oil Company) in 1997, with Alfa Group purchasing 40% of TNK's shares. Khan joined TNK's board and remained involved in M&A deals. He was appointed deputy chairman of TNK's management board in 2000, serving until 2003.

In 2003, Alfa Group sold half of TNK to British Petroleum (BP) for $6.15 billion, forming TNK-BP.

TNK-BP became Russia's third largest oil company and a top ten private oil producer globally. Conflicts arose between BP executives and Alfa Access Renova (AAR) over TNK-BP's internationalization strategy. Khan resisted BP's push to do business with Rosneft, contrary to their shareholder agreement. His net worth was estimated at $9.6 billion in 2011, ranking him 92nd on the Forbes billionaires list and 13th wealthiest in Russia. Khan was appointed executive director of TNK-BP Ltd. in January 2011.

TNK-BP was sold to Rosneft for $56 billion in 2012, with Khan officially leaving TNK-BP in March 2013. He earned around $3.3 billion from the deal. Khan joined Mikhail Fridman in establishing LetterOne (L1) in Luxembourg to invest proceeds from the TNK-BP sale. L1 Energy was founded in 2013 with prominent figures joining the advisory board. However, they faced challenges due to the 2014 downturn in the oil industry and falling ruble value, losing an estimated $2.5 billion. Alfa Group's assets equaled around $40 billion by March 2015. Lord Browne was appointed chairman of L1 Energy in March 2015, and the company officially launched in May 2015.

L1 Energy purchased DEA, an international exploration and production company, for $7 billion in March 2015. DEA sold its North Sea oil fields to Ineos, owned by Jim Ratcliffe, for an undisclosed sum in October 2015. LetterOne Group agreed to acquire German utility E.ON's interests in three producing Norwegian fields. Khan retains positions on the supervisory board at Alfa Group Consortium and Alfa Group, as well as directorships in various companies. He was ranked as the 128th richest person in Europe in March 2016, with an estimated net value of $8.7 billion.

German Khan: Companies

Khan has been involved with several companies throughout his career, including:

Alfa Group Consortium
Alfa Capital Management
Rosvodokanal Group
AlfaStrakhovanie Group
A1 Group
Vimpelcom
X5 Group
TNK Oil Company (Tyumen Oil Company)
TNK-BP
LetterOne (L1)
L1 Energy
DEA
Ineos
E.ON

German Khan: Major Achievements

Khan's major achievements include:

Leading Alfa Eco to become a successful wholesale trade business within Alfa Group Consortium.

Playing a key role in the acquisition of TNK Oil Company by Alfa Group Consortium.
Helping to form TNK-BP, Russia's third largest oil company.
Establishing LetterOne (L1) and L1 Energy after the sale of TNK-BP.
Acquiring DEA, an international exploration and production company.
Expanding L1 Energy's portfolio with the acquisition of assets from German utility E.ON.

German Khan: Awards & Achievements

Khan has received several awards and recognitions for his contributions to business and philanthropy, including:

Order of Friendship (Russia)
Order of Merit for the Fatherland, 4th class (Russia)
Honorary Doctorate from the Moscow State Institute of International Relations (MGIMO)
Honorary Doctorate from the Kyiv-Mohyla Academy
Philanthropist of the Year (Russia)
Genesis Prize (Israel)

German Khan: Personal Life & Legacy

Khan is known for his philanthropic efforts, particularly through the Life Line charitable program, which provides medicine and surgery for seriously ill children in Russia. He also contributes to Jewish initiatives in Russia and Europe and co-founded the Genesis Philanthropy Group to develop Jewish identity worldwide. Khan is involved in an initiative to create a Holocaust memorial at Babi Yar in Ukraine.

In terms of his legacy, Khan is recognized as a successful businessman and philanthropist who has made significant contributions to the Russian economy and society. He is known for his leadership, strategic vision, and commitment to social responsibility.

German Khan: Trivia

Khan is an avid sports enthusiast and enjoys endurance, off-road, and rally driving, as well as hunting.
He owns a villa in Monte Argentario, Tuscany.
Khan's father-in-law, Alex van der Zwaan, pleaded guilty to charges related to the investigation into Russian interference in the 2016 US elections.
In 2022, Khan was sanctioned by the EU and UK in response to the Russian invasion of Ukraine. He stepped down from the LetterOne board in March, and Alfa Bank was hit with sanctions by the U.S.
in April.
Khan has filed defamation lawsuits against BuzzFeed, Fusion GPS, and Christopher Steele for publishing the unverified Steele dossier. He was also named in the Countering America's Adversaries Through Sanctions Act (CAATSA).

Wealth History

Timeline

24 October 1961

German Borisovich Khan was born in Kyiv, Ukraine.

1978

Graduated from high school and worked as an apprentice on a factory shop floor for a year.

1982

Graduated from the Kyiv-Pedagogical College with a degree in mechanical engineering.

1983

Enrolled in the Moscow Institute of Steel and Alloys (MISIS), specializing in steel production.

1988

Graduated from college.

1989

Headed Alfa Eco, a wholesale trade business within Alfa Group Consortium.

1995

Served as Alfa-Eco's director of commodity trading.

1996

Became president of Alfa Eco.

1997

Alfa Group Consortium acquired TNK Oil Company (Tyumen Oil Company), with Alfa Group purchasing 40% of TNK's shares.

2000

Appointed deputy chairman of TNK's management board.

2003

Alfa Group sold half of TNK to British Petroleum (BP) for $6.15 billion, forming TNK-BP.

2011

Appointed executive director of TNK-BP Ltd.

2012

TNK-BP was sold to Rosneft for $56 billion.

March 2013

Officially left TNK-BP.

2013

Joined Mikhail Fridman in establishing LetterOne (L1) in Luxembourg to invest proceeds from TNK-BP sale.

2013

L1 Energy was founded.

March 2015

Lord Browne appointed chairman of L1 Energy.

May 2015

L1 Energy officially launched.

March 2015

L1 Energy purchased DEA, an international exploration and production company, for $7 billion.

October 2015

DEA sold its North Sea oil fields to Ineos, owned by Jim Ratcliffe, for an undisclosed sum.

March 2016

Ranked as the 128th richest person in Europe, with an estimated net value of $8.7 billion.

2022

Sanctioned by the EU and UK in response to the 2022 Russian Invasion of Ukraine.

March 2022

Stepped down from the LetterOne board.

April 2022

Alfa Bank hit with sanctions by the U.S.

German Khan : FAQs

What is German Khan's current net worth?

German Khan's current net worth is $10.54 billion.

What is German Khan's current global rank among billionaires?

German Khan holds the 296th position globally among billionaires.

What is German Khan's current ranking within the Russia?

German Khan holds the 14th position in Russia.

What was the change in German Khan's net worth compared to the previous year?

German Khan's net worth increased by 667.18 million dollars compared to the previous year 2025, when his net worth was 9.87 billion dollars.

What is the recent change in German Khan's net worth?

German Khan's net worth increased by 24.61 million dollars recently, a 0.23% increase, with his net worth standing at 10.54 billion dollars.

What are German Khan's main sources of wealth?

German Khan's main source of income comes from Oil, Banking, Telecom.

In which industry does German Khan primarily operate?

German Khan is primarily involved in the Energy industry.

What is German Khan educational background?

German Khan holds a Bachelor of Arts/Science from Moscow Institute of Steel and Alloys.

How old is German Khan?

German Khan is 64 years old.

How many children does German Khan have?

German Khan has 4 children.

Where and when was German Borisovich Khan born?

German Borisovich Khan was born on 24 October 1961 in Kyiv, Ukraine.

What positions did Khan hold at Alfa-Eco and TNK?

Khan initially headed Alfa Eco, a wholesale trade business within Alfa Group Consortium. He held positions such as head of wholesale trade and export departments. He later became president of Alfa Eco and was involved in TNK Oil Company as deputy chairman of the management board.

What was Khan's involvement in TNK-BP?

Khan played a significant role in the formation of TNK-BP, as Alfa Group sold half of TNK to British Petroleum (BP) in 2003. He served as executive director of TNK-BP Ltd. from January 2011.

What philanthropic initiatives is Khan involved in?

Khan is an active supporter of the Life Line charitable program, contributes to Jewish initiatives, co-founded the Genesis Philanthropy Group, and is involved in creating a Holocaust memorial at Babi Yar in Ukraine.