In this success post, we are going to share the story of Leonid Mikhelson, an extremely influential Russian Businessman.
According to the Forbes, CEO and Stakeholder of Novatek, Mikhelson has topped the chart of the Russian Richest Men. With an estimated wealth of $16 billion, Mikhelson has surpassed Vladimir Potanin.
Leonid Mikhelson Early Life and Background
Leonid was born on the 11th of August 1955 to a Jewish Family in Kaspiysk. Leonid started his career just after earning his civil engineering degree from the Samara Institute of Civil Engineering.
Leonid Mikhelson Career
Leonid huge fortune comes from his gas company Novatek. At the time of his early days, Leonid Mikhelson started working on the Urengoi-Chelyabinsk gas pipeline project. He started climbing the stairs of success quite quickly. In the year 1987, Mikhelson was appointed as the General Director of Kuibishevtruboprovodstroy. After the privatization of Kuibishevtruboprovodstroy, it was renamed as NOVA, Leonid then served as the Managing Partner.
In the year 1994, Leonid Mikhelson laid the foundation of his now billion-dollar company Novatek. The company was originally called OAO FIK Novafininves; later on it was renamed as OAO NOVATEK. Leonid Company Novatek is the country’s largest gas producer. He led his company to a great height. Novatek was declared a public company with shares traded on the stock exchanges. Leonid Mikhelson owns a 25% interest in Novatek and 57.5% interest in Sibur.
Leonid Mikhelson’s strategy made the company earns billions.
With his effort, Leonid snatches the top stop in the Forbes list of Russia Richest Men in the year 2016. In investment and business matters, Leonid has been seen to partner with Gennady Timchenko. They hold huge shares in Novatek and Sibur. Together they sponsor the Russian Football Union.
Leonid Mikhelson Novatek
The company, Novatek, is one of the largest in Russia, which produces Natural Gas. It is the 7th largest company across the globe of natural gas production. Originally known as the OAO FIK Novafininvest, it is based in West Siberia and has a sales office in Moscow.
It bought a 51% stake in Yamal LNG from Volga Resources, which manages the South-Rambeyskoye field. In the following years, Novatek has acquired many other gas companies and is set to develop a Sabetta port. The project will be jointly executed with the Russian government.
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