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Leonid Fedun

Leonid Fedun

L. Fedun
0% | + $0.22M
$10.33 B ₹ 93,965 Cr
Real Time Net Worth #313 Ranking as of 21 Feb 2026 By Forbes

More on Leonid Fedun

Gender

Male

Age

69Y

Country

Russia

Born On

April, 1956

Deceased

No

Relationship Status

Married

Children

2

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Oil)

Primary Organization

LUKoil

Titles

Co-Founder & Shareholder

Sources of Wealth

LUKoil

Industry

Oil & Gas, Energy, Sports

About Leonid Fedun


L eonid Fedun is a Russian oligarch who built his fortune primarily in the country's vast oil industry. A former military officer and professor, he co-founded the consulting firm LUKoil-Consult in the early 1990s. This firm became integral to the formation of LUKoil, one of Russia's largest independent oil companies, which was created through the consolidation of several state-owned oil and gas enterprises. Fedun became a key executive and a major shareholder in the new company, working closely with its founder, Vagit Alekperov.

For decades, Fedun served as LUKoil's vice president for strategic development, playing a crucial role in shaping the company's long-term growth and investment strategy. His substantial stake in the publicly traded oil giant is the primary source of his wealth. Outside of the energy sector, Fedun is well-known for his ownership of Spartak Moscow, one of Russia's most popular and successful football clubs, which he owned for nearly two decades before selling his stake in 2022. He has faced international sanctions due to his status as a prominent Russian businessman following the 2022 invasion of Ukraine.

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Quick Reads


  • A co-founder of LUKoil, one of Russia's largest oil companies.
  • Served as LUKoil's vice president for many years.
  • His fortune is derived from his large shareholding in the company.
  • A former Russian military officer who taught at a military academy.
  • Was the longtime owner of the Spartak Moscow football club, selling it in 2022.
  • Has been subject to international sanctions.

Early Life and Background


Leonid Arnoldovich Fedun is a Russian businessman, the self-made billionaire Former Vice President of Lukoil and Owner of FC Spartak Moscow (football club). His career is rooted in military service, strategic oil investment, and high-level corporate governance.

Fedun graduated from the Rostov Higher Military Command School and the Military Academy of the General Staff of the Armed Forces of the USSR (where he taught for 10 years). He holds a Ph.D. in Military Economics. His pivotal career moment came when he became the economic advisor to Vagit Alekperov (future Lukoil CEO) in the late 1980s, recognizing the immense opportunity in privatizing oil and gas assets.

  • Lukoil (Former Vice President & Shareholder): The core publicly traded asset, Russia's second-largest oil and gas company (he sold his stake in 2022).
  • FC Spartak Moscow (Former Owner): The iconic Russian football club he owned and managed (sold his stake in 2022).
  • Military Background: He was a military officer and professor at the Military Academy of the General Staff for 10 years.
  • Controversy/Sanctions: He was sanctioned by Australia and New Zealand in 2022 and sold his assets in response to the war in Ukraine.

Career Journey of Leonid Fedun


Leonid Fedun's strategic genius was his close partnership with Vagit Alekperov (who became Lukoil's CEO). Fedun served as Vice President of Lukoil (responsible for strategic development and finance) from 1992 to 2022. His structural contribution is tied to the successful privatization and vertical integration of Russia's oil and gas assets, growing Lukoil into a global giant.

His diversification into sports was highly visible: he owned and managed FC Spartak Moscow (one of Russia's most popular clubs) for 18 years, leading them to win the Russian Premier League (2017). Following the Russo-Ukrainian War, he sold his controlling stake in Lukoil and FC Spartak Moscow in 2022 (a major, strategic exit). His wealth is secured by the colossal liquid gains from the Lukoil sale.

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Leonid Fedun's Timeline


1980s (Late):

Becomes economic advisor to Vagit Alekperov (Pivotal Event).

1992–2022:

Serves as Vice President of Lukoil (Executive Ascent).

2004:

Acquires FC Spartak Moscow (Sports Acquisition).

2017:

FC Spartak Moscow wins the Russian Premier League (Sports Milestone).

2022 (March):

Sells his stake in Lukoil and FC Spartak Moscow (Major Exit).

Ongoing:

Continues as Founder and private investor (Executive Oversight).

Major Business Ventures and Investments


Leonid Fedun's wealth is concentrated in the liquid capital generated from the sale of his stake in Lukoil and his subsequent private investments.

  • Lukoil (Former Vice President & Shareholder): The core publicly traded asset, Russia's second-largest oil and gas company (he sold his stake in 2022).
  • FC Spartak Moscow (Former Owner): The iconic Russian football club he owned and managed (sold his stake in 2022).
  • Military Background: He was a military officer and professor at the Military Academy of the General Staff for 10 years.
  • Controversy/Sanctions: He was sanctioned by Australia and New Zealand in 2022 and sold his assets in response to the war in Ukraine.

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Philanthropy and Social Impact


Leonid Fedun's social impact is structural, stemming from Lukoil's role in providing essential energy supplies globally. His ownership of FC Spartak Moscow was a major cultural and civic asset for the Russian capital. His personal philanthropy supports various educational and community initiatives, often tied to military history and sports.

His career is often cited for illustrating the immense profitability and high political risk associated with post-Soviet energy privatization.

Fashion, Style, and Lifestyle


Leonid Fedun maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global energy sector.

Residing in Russia, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, financial discipline, and sports patronage.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Former Vice President of Lukoil and Former Owner of FC Spartak Moscow.
  • He was a military officer and professor at the Military Academy of the General Staff.
  • He sold his stake in Lukoil and FC Spartak Moscow in 2022.
  • He holds a Ph.D. in Military Economics.
  • His fortune is tied to the successful privatization of Russia's oil and gas assets.
  • He was sanctioned by Australia and New Zealand in 2022.
  • His philosophy emphasizes strategic financial management in the energy sector.

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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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