Billionaire Profile
Andrei Kosogov
Global Rank
#2668

Image: Public domain | via Wikimedia Commons

Andrei Kosogov

CEO, Alfa Group
RU
Real-Time Net Worth
$1.3B
As of December 2025
Age
64
Source
Banking
Industry
energy
Citizenship
RU

Biography

Andrei Kosogov, a prominent figure in the financial world, is a Russian businessman with an estimated net worth of $1.3 billion. His wealth stems primarily from his activities in the banking sector, specifically as a shareholder of Alfa Group. Kosogov's career began in 1992 when he joined Alfa Group, quickly rising through the ranks. He later co-founded the international investment firm LetterOne in 2013. His achievements include co-founding LetterOne, holding key roles within the Alfa Group Consortium and overseeing major telecom companies as Chairman of Altimo. A graduate of Moscow Power Engineering Institute and Harvard Business School, Kosogov has also been recognized for his philanthropic contributions, earning Russia's Medal of Honour for supporting children with mental and neurological illnesses.

Wealth Over Time

In-Depth Profile

Early Life and Education

Andrei Kosogov was born on March 15, 1961, in Sillamäe, Estonia (then part of the Soviet Union). He graduated from the Moscow Power Engineering Institute in 1987 with a Bachelor of Science in Engineering degree, where he specialized in nuclear power plants. He also holds an MBA from Harvard Business School, which he received in 1997. Kosogov was one of ten Lenin Scholars at MPEI during his studies, awarded for excellence in studies.

Rise to Success

Kosogov's career began in 1990. After returning to the university, he worked as an engineer for a year. He then co-founded the Center for Automation of Thermophysical Research (CATR), where he served as the commercial director. In 1992, he joined Alfa Group, where he quickly took on an investment role. He became CEO of Alfa Capital and was responsible for the bank's investment units. From 1999 to 2005, he served as First Deputy Chairman of the Board and Head of the Investment Block at Alfa-Bank.

Key Business Strategies

Kosogov's strategic moves have included overseeing various successful transactions at Alfa-Bank. From 1998 to 2005, he was the First Deputy Chairman of the Board and Head of the Investment Block. He was also instrumental in creating and selling Alfa-Cement Holding. Additionally, he played a key role in the creation and growth of VimpelCom (now VEON). Kosogov co-founded the international investment firm LetterOne in 2013.

Philanthropy

Andrei Kosogov is involved in private philanthropy. Since 1996, he has continuously supported a hospital for children with diseases of the central nervous system. He also supports elderly Russian scientists. He received Russia's Medal of Honour for his charitable work related to childhood mental and neurological illnesses.

Career Milestones

1987

Graduated from Moscow Power Engineering Institute

Earned a Bachelor of Science in Engineering degree.

1990

Founded CATR

Founded the Center for Automation of Thermophysical Research, where he served as the commercial director.

1992

Joined Alfa Group

Began his career with Alfa Group and became involved in investment activities.

1997

Graduated from Harvard Business School

Earned an MBA from Harvard Business School.

1998-2005

First Deputy Chairman of the Board and Head of the Investment Block at Alfa-Bank

Oversaw the bank's investment units, treasury, and direct investments.

2003

Founded AlfaStrakhovanie (Alfa Insurance)

Founded AlfaStrakhovanie and became Chairman of its Board of Directors.

2013

Cofounded LetterOne

Cofounded international investment company LetterOne.

Philanthropy & Social Impact

Healthcare

Support for Children's Hospital

Undisclosed

Continuously supports a hospital for children with diseases of the central nervous system since 1996.

Science and Research

Support for Elderly Scientists

Undisclosed

Participates in a program to support elderly Russian scientists.