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Alexei Kuzmichev

Alexei Kuzmichev

A. Kuzmichev
0.01% | + $0.43M
$8.17 B ₹ 74,275 Cr
Real Time Net Worth #435 Ranking as of 21 Feb 2026 By Forbes

More on Alexei Kuzmichev

Gender

Male

Age

63Y

Country

Russia

Born On

October, 1962

Deceased

No

Relationship Status

Married

Children

1

Education

Moscow Institute Of Steel And Alloys

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Oil, Banking, Investments)

Primary Organization

Alfa Group

Titles

Co-Founder

Sources of Wealth

Alfa Group, LetterOne

Industry

Investments, Finance, Oil & Gas, Telecom

About Alexei Kuzmichev


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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Quick Reads


  • Co-founder of Alfa Group, one of Russia's largest private investment groups.
  • His longtime business partners are billionaires Mikhail Fridman and German Khan.
  • Alfa Group's holdings include Alfa-Bank and the international investment firm LetterOne.
  • Made a significant part of his fortune from the sale of oil firm TNK-BP in 2013.
  • Was sanctioned by the EU and UK in 2022 and has faced legal issues in France.

Early Life and Background


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.

Career Journey of Alexei Kuzmichev


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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Alexei Kuzmichev's Timeline


1980–1982:

Served in the Soviet Army as a radio operator on the Soviet-Chinese border.

1983:

Met future partners Mikhail Fridman and German Khan at the Moscow Institute of Steel and Alloys.

1998:

Diversified the Group into oil and commodity exports, establishing Alfa Eco (later A1).

2013 (March):

Sold his stake in the TNK-BP oil venture to Rosneft, securing his core fortune.

2013:

Co-founded LetterOne Group with partners to manage international assets.

2022 (March):

Resigned from the LetterOne board following EU sanctions.

2023 (Oct):

Detained by French police in Paris for suspected tax crimes and sanctions violation, released on €8 million bail.

Major Business Ventures and Investments


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.

  • TNK-BP Sale Proceeds: The primary source of his liquid wealth, stemming from the multi-billion dollar sale of his stake in Russia’s third-largest oil producer.
  • LetterOne Group (Co-founder): A Luxembourg-based international firm focused on investments in Energy ('Wintershall Dea'), Telecoms ('Turkcell', 'VimpelCom'), and Retail ('Holland & Barrett', 'DIA').
  • Alfa Group Consortium: Includes Alfa-Bank (Russia’s largest private bank), X5 Retail Group (major retailer), and Rosvodokanal Group (water utilities). Kuzmichev historically owned over 18% of the consortium's joint assets.
  • Commodity Trading: He oversaw the 'Crown Resources' entity, which was the trading arm responsible for the international supply of Russian oil and commodities.

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Philanthropy and Social Impact


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.

Fashion, Style, and Lifestyle


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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He and his partners sold their oil venture, TNK-BP, to Rosneft in 2013, with his share of the proceeds estimated at over $2.5 billion.
  • He co-founded the Alfa Group after meeting his partners in college at the Moscow Institute of Steel and Alloys.
  • His two luxury yachts were detained by French police in 2022 following his sanctioning by the EU.
  • He was detained by French police in 2023 for suspected tax crimes and violation of sanctions, later released on €8 million bail.
  • The Group's former trading arm, 'Crown Resources', owned the oil cargo on the Prestige vessel that caused a major environmental disaster off the coast of Spain in 2002.
  • He served as a radio operator in the Soviet Army on the Soviet-Chinese border in the early 1980s.
  • He owns a piece of contemporary modern art titled 'Dream More Work Less'.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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