G erman Khan 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 Alexei Kuzmichev, Khan started the business in the late 1980s. The trio, who were college friends, rapidly expanded their interests during the post-Soviet privatization era.
Khan has been a key figure in the group's highly successful energy ventures. He was instrumental in the creation and management of the oil company TNK, which later became TNK-BP after a major joint venture with the British oil giant. The sale of TNK-BP to the state-owned Rosneft in 2013 for over $50 billion was a massive financial windfall for the partners. Their wealth is now held in assets that include Alfa-Bank, Russia's largest private bank, and the international investment vehicle LetterOne. Following the 2022 invasion of Ukraine, Khan was sanctioned by the European Union and the United Kingdom.
Advertisement