Billionaire Profile
Leonid Fedun
Global Rank
#291

Image: Public domain | via Wikimedia Commons

Leonid Fedun

CEO, Lukoil
RU
Real-Time Net Worth
$10.4B
As of December 2025
Age
69
Source
Oil
Industry
energy
Citizenship
RU

Biography

Leonid Fedun is a prominent Russian businessman with an estimated net worth of $10.4 billion as of 2024, primarily derived from his significant stake in the oil company, Lukoil. Born in Kyiv, Ukraine, in 1956, Fedun transitioned from a military career, where he served as a lecturer in political science and economics, into the business world in the early 1990s. His career includes co-founding Lukoil and serving as its Vice President for strategic development until 2022. Fedun is also known for his involvement in sports, particularly football, where he served as the president of FC Spartak Moscow from 2004 to 2022.

Wealth Over Time

In-Depth Profile

Early Life and Education

Leonid Arnoldovich Fedun was born on April 5, 1956, in Kyiv, Ukrainian SSR, Soviet Union (now Ukraine). His early life included a military background, graduating from the Rostov Higher Military Command School in 1977. He furthered his education at the Dzerzhinsky Military Academy, earning a Ph.D. in 1984. During his time in the military, he served as a lecturer in political science and economics, reaching the rank of colonel.

Rise to Success

Fedun's transition into the business world began in 1992 with the founding of Neftkonsult LLP. He played a key role in the privatization of Lukoil, becoming Vice President of the company in 1995. His financial success is largely attributed to his substantial ownership stake in Lukoil. From 1996 to 2022, he served as Vice President of Lukoil, contributing to the company's growth.

Key Business Strategies

Fedun's business acumen helped transform Lukoil into a leading global energy player. His strategic focus on exploration, production, and refining operations was crucial for solidifying Lukoil's position in the global energy market. He also invested in FC Spartak Moscow, overseeing infrastructure improvements.

Philanthropy

In 2020, Fedun donated 10 million rubles to the Vishnevsky Institute of Surgery to fight COVID-19.

Career Milestones

1992

Founded Neftkonsult LLP

Entered the Russian energy market.

1993

CEO of JSC

Became CEO of a company after leaving the military.

1996

Vice President of Lukoil

Played a key role in the company's growth.

2004

President of FC Spartak Moscow

Oversaw the club's development until 2022.

2022

Retired from Lukoil

Resigned from the position of Vice President.

Philanthropy & Social Impact

Healthcare

Vishnevsky Institute of Surgery

$0.13B

Donation to fight COVID-19.

Business Philosophy & Leadership

Notable Quotes

""My wealth is a virtual thing; 99% of my money consists of Lukoil shares,""