Billionaire Profile

Global Rank

#420

Image: LetterOne Group | CC BY 2.0 | via Wikimedia Commons

Alexei Kuzmichev

CEO, Oil

RUSSIA

Real-Time Net Worth

$8.281B

Estimated based on Oil stock value as of March 6, 2026

-0.13% (24h)

Age

Source

Oil, banking, telecom

Industry

Energy

Citizenship

RUSSIA

Biography

Alexei Kuzmichev is a prominent Russian businessman, co-founder of the Alfa Group, and a key shareholder in LetterOne. Born in 1962, Kuzmichev built his wealth through investments in oil, banking, and telecommunications. His career includes founding Alfa Group, which includes Alfa-Bank, and co-founding LetterOne, a Luxembourg-based investment company. As of February 2, 2026, his estimated net worth is $7.8 billion. His career highlights include significant stakes in various companies and leadership positions within Alfa Group. He currently resides in Paris, France, and has been subject to international sanctions.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

Portfolio Holdings

Alfa Group

In-Depth Profile

Early Life and Education

Alexei Kuzmichev was born on October 15, 1962, in Kirov, Russia. He served in the Soviet Army as a radio operator from 1980 to 1982. In 1983, he enrolled in the Moscow Institute of Steel and Alloys, where he met his future business partners, Mikhail Fridman and German Khan.

Rise to Success

Kuzmichev, along with Fridman and Khan, co-founded Alfa Photo in 1988, importing photo chemicals. He later convinced his partners to diversify into export, leading to the establishment of Alfa Eco, which later became the Alfa Group Consortium. In 1991, they founded Alfa-Bank, and later acquired and merged with British Petroleum to create TNK-BP, becoming Russia's third-largest oil producer. He was a stakeholder in VimpelCom, Alfa-Bank, and X5 Retail Group. In March 2013, he sold his stake in energy venture TNK-BP to state-run oil company Rosneft for $2.5 billion.

Key Business Strategies

Key to Kuzmichev's success were his skills in logistics, finance, and relationship-building. He focused on building integrated businesses, including trading and structuring deals. Kuzmichev co-founded the LetterOne Group in 2010. In March 2022, he resigned as a shareholder from Alfa Bank.

Philanthropy

Information regarding Kuzmichev's philanthropy is not readily available.

Career Milestones

1988

Co-founded Alfa Photo

Co-founded a photo chemical importing business with Mikhail Fridman and German Khan.

1991

Co-founded Alfa-Bank

Founded Alfa-Bank, a major private bank in Russia, with partners.

1998

Founded Alfa-Eco (later Alfa Group)

Expanded into export business, which later evolved into Alfa Group Consortium.

2010

Co-founded LetterOne Group

Co-founded LetterOne Group, an investment firm.

2013

Sold stake in TNK-BP

Sold his stake in TNK-BP to Rosneft for $2.5 billion.

Philanthropy & Social Impact

N/A

Undisclosed

Philanthropic information not readily available.

Business Philosophy & Leadership

Notable Quotes

"N/A"

Leadership Principles

Focus on logistics

Emphasizing the importance of reliable communications and efficient operations.

Build integrated businesses

Creating both horizontal and vertical integration to multiply returns.

Controversies & Challenges

2022

Sanctions

Sanctioned by the EU and UK due to his alleged ties to the Russian government and involvement in the financial sector after the Russian invasion of Ukraine.

2023

Detention in France

Detained in France on suspicion of tax evasion and violation of sanctions.

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