Billionaire Profile
Pyotr Aven
Global Rank
#767

Image: Public domain | via Wikimedia Commons

Pyotr Aven

CEO, Alfa-Bank
RU
Real-Time Net Worth
$4.8B
As of December 2025
Age
70
Source
Oil, banking, telecom
Industry
finance-investments
Citizenship
RU

Biography

Pyotr Aven, born in Moscow in 1955, is a prominent Russian businessman and economist, with Latvian citizenship. He is ranked among the wealthiest individuals globally and has a long and varied career. His sources of wealth include oil, banking, and telecom. Aven holds a Ph.D. in economics and has held several high-profile positions, including Minister of Foreign Economic Relations for the Russian Federation and President of Alfa-Bank. He is also known for his extensive art collection and philanthropic activities. Despite facing sanctions in 2022, he remains a significant figure in Russian finance and investment.

Wealth Over Time

In-Depth Profile

Early Life and Education

Pyotr Olegovich Aven was born in Moscow on March 16, 1955. His father was a professor of computer science, and his mother was from a Jewish family. Aven graduated from Moscow State University in 1977 with a degree in economics and later earned a Ph.D. in economics in 1980. During his studies, he was involved in the student music club.

Rise to Success

Aven's career began as a senior researcher at the All-Union Institute for Systems Studies at the USSR Academy of Sciences. He later served as an advisor to the Soviet Ministry of Foreign Affairs. A pivotal moment in his career came when he met Mikhail Fridman, and became a shareholder of Alfa-Bank in 1994. Aven served as the President of Alfa-Bank Russia from 1994 to June 2011 and as Chairman of the board from 2011 to 2022. He was also involved in the founding of LetterOne Group, an international investment business.

Key Business Strategies

Aven's business strategies involved investments in various sectors, including oil, banking, and telecommunications. His ability to navigate the complex business and political landscape in Russia, along with strategic partnerships, contributed to his success. He was involved in notable deals, such as the sale of TNK-BP to Rosneft in 2012.

Philanthropy

Aven is known for his philanthropy and support of the arts. In 2006, he founded the Generation charity fund, which supports social, cultural, and medical projects in Russia. He has served as co-chair of the Board of Trustees of the State Museum of Fine Arts named after A. S. Pushkin. Aven has invested in property at Klaugy Estate in Latvia. He has also amassed a large collection of Russian art.

Career Milestones

1977

Graduated from Moscow State University

Received a degree in economics.

1980

Earned Ph.D. in Economics

Completed doctoral studies at Moscow State University.

1991-1992

Minister of Foreign Economic Relations

Served under Boris Yeltsin's administration.

1994-2011

President of Alfa-Bank Russia

Held the position of president.

2011-2022

Chairman of the Board of Directors of Alfa-Bank Banking Group

Held the position of Chairman of the Board of Directors

Philanthropy & Social Impact

Charity

Generation charity fund

Undisclosed

Supports social, cultural, and medical projects.

Arts

Support for the State Museum of Fine Arts

Undisclosed

Co-chair of the Board of Trustees.

Business Philosophy & Leadership

Notable Quotes

"In the early 90s, it was crucial to be able to be friends, to build relationships. The role of informal relationships is very important in Russia in general, it definitely means much more here than in the West."

Controversies & Challenges

2022

Sanctions by the EU and UK

Aven was sanctioned due to his alleged ties to the Russian government and the war in Ukraine. He has contested these sanctions.