A lexei Kuzmichev is a Russian oligarch and one of the three co-founders of the Alfa Group consortium, one of Russia's largest and most powerful privately-owned investment groups. Along with his billionaire partners, Mikhail Fridman and German Khan, Kuzmichev started the business in the late 1980s, initially as a commodities trading firm. The trio, who were college friends, rapidly expanded their interests during the post-Soviet privatization era.
Within Alfa Group, Kuzmichev was responsible for overseeing the group's international trading operations. The consortium's key assets include Alfa-Bank, Russia's largest private bank, and LetterOne, an international investment vehicle with major holdings in energy and telecom. A significant portion of their collective wealth came from the 2013 sale of their stake in the oil company TNK-BP to the state-owned Rosneft for billions. Following the 2022 invasion of Ukraine, Kuzmichev, along with his partners, was sanctioned by the European Union and the United Kingdom, leading him to step down from his positions at LetterOne.
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Alexei Viktorovich Kuzmichev, born on October 15, 1962, in Kirov, Russia, is a Russian financier and co-founder of the colossal Alfa Group and LetterOne Group. His background is rooted in the Soviet military and technical education.
He served in the army on the Soviet-Chinese border as a radio operator from 1980 to 1982, a period during which he joined the Communist Party. In 1983, he enrolled at the Moscow Institute of Steel and Alloys, where he met his future billionaire partners, Mikhail Fridman and German Khan. This influential trio first founded the 'Alfa Photo' cooperative in 1988, specializing in photo chemical imports and laying the groundwork for the 'Alfa Group' consortium.
Alexei Kuzmichev's career took flight in the early 1990s as he convinced his partners to diversify into oil exports and international commodity trading, establishing Alfa Eco (later rebranded as A1). He became the key figure overseeing the Group's high-stakes international trading operations. The consortium quickly amassed controlling stakes in key Russian companies, including Alfa-Bank and the telecom giant VimpelCom.
The defining moment of his wealth creation was the 2013 sale of their 50% stake in the TNK-BP oil joint venture to Rosneft for a colossal $28 billion (Kuzmichev's share was estimated at $2.5 billion from the total TNK-BP sale proceeds of $14 billion). The proceeds from this deal were channeled into the international investment vehicle, LetterOne Group. Following the 2022 invasion of Ukraine and subsequent international sanctions against him and his partners, Kuzmichev resigned from LetterOne's board, and was later detained by French police in 2023 for suspected tax crimes and violation of sanctions, though he was released on an €8 million bail.
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Served in the Soviet Army as a radio operator on the Soviet-Chinese border.
Met future partners Mikhail Fridman and German Khan at the Moscow Institute of Steel and Alloys.
Diversified the Group into oil and commodity exports, establishing Alfa Eco (later A1).
Sold his stake in the TNK-BP oil venture to Rosneft, securing his core fortune.
Co-founded LetterOne Group with partners to manage international assets.
Resigned from the LetterOne board following EU sanctions.
Detained by French police in Paris for suspected tax crimes and sanctions violation, released on €8 million bail.
Alexei Kuzmichev's vast liquid wealth is managed through the private investment firm LetterOne Group (focused on energy, tech, and telecoms) and the Alfa Group Consortium.
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Alexei Kuzmichev's philanthropy is largely private and aimed at supporting cultural and educational initiatives, often linked to his personal interests. He is known for his patronage of contemporary modern art, exemplified by his purchase of the Sam Durant painting, 'Dream More Work Less'.
His public engagement is political and industrial: he has served in various high-level governmental advisory roles, including co-chairman of the 'Delovaya Rossiya' (Business Russia) public organization. His companies are significant employers, supporting tens of thousands of jobs across Europe and Russia. Following the 2022 invasion of Ukraine, LetterOne made a substantial donation of $150 million to support those affected by the war in Ukraine.
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+0.01% | +$0.27M
+0.08% | +$3.99M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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