Forbes magazine list of fortune start to mention Russian businessman in their list of 100 wealthiest people in the world. Those Russian businessmen listed in Forbes fortune 100 dominated by young people with significant growth of business, German Khan is one of them. Last year his wealth estimated reach US$ 13.9 billion and placed 54th in Forbes fortune 100.
Born in Ukraine October 26th 1962, German Khan graduated from Moscow Institute Steel and Alloys in 1988. Khan started his first company in 1989 with two his friend Mikhail Fridman and Alexei Kuzmichev, his first company Alfa Eco, commodity trading company. Alfa Eco now became Alfa Group, Khan’s holding company that spread his business from banking, trading, telecommunication, oil and gas.
Alfa Group runs the banking business through Alfa Bank. Alfa Bank as own the biggest network in Russia, providing service in corporate banking, retail and investment bank. Its branch reach Kazakhstan, London, New York, Amsterdam and one of the big 10 bank in Ukraine. Nowadays Alfa Bank already became the biggest bank in Russia. Alfa group also own Alfa Capital Management that provide wealth management. Alfa Strakhovanie Group is Alfa Group Company in insurance business.
Alfa Bank recognized as the market leader in Russia Banking, Khan and his Alfa Group entering new area of business, oil and gas business. Tyumen Oil Corporation is Russia oil and gascompany that facing financial problem when Alfa group bought it in 1997. Tyumen financial problem solved by in three years in 2000 and Khan changed its name to TNK. Financial Times, an international newspaper, awarded TNK as the best oil company in the world also in 2000.
In 2003 Khan merge TNK to SIDANCO. SIDANCO is a BP Russia subsidiaries company. The new company called TNK-BP own not less than US$ 6.7 billion, TNK_BP also own 50% shares of Slavneft, Russia Gas Company. Khan was appointed as leader in TNK-BP because both TNK and BP consider that Khan could bridges the Gap between BP, as a British company, and TNK, as a Russia company.
TNK-BP starts its new oil business after the merger in Uvat, Russia in 2005. TNK-BP invests US$ 2 billion in Uvat project that estimated to hold 120 million barrel of oil. Recently TNK-BP also manages oil and gas retail sales through STBP holding that own 1600 gas station in Russia and Ukraine. Last year TNK-BP known to be involved in oil explorations in Iraq.
Khan’s last move in business was through telecommunication industry, Altimo as the market leader in Russia telecommunication and also in other former Soviet Union country is one of the Alfa group company.
But, despite of all those achievement, Khan Still has some controversy. One of those controversies is Acquisition of Tyumen in 1997, because Tyumen previously was national Oil and Gas Company won by the Russia government. Russia government through Department of Finance still have doubt about the capital used to buy Tyumen by Alfa group, because Exim Bank of America was known to be refused loan request from Alfa Group to bought Tyumen.
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