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“Even by the most pessimistic valuations, the project is feasible”.
|Source of Wealth||Self made, Gas, Chemicals|
|Education||Bachelor of Arts / Science, Kuybyshev Engineering and Construction Institute|
Leonid Mikhelson’s fortune got a boost after Chinese state-owned Sinopec paid $1.3 Billion in December for 10% of Sibur, the gas-processing and petrochemical company that he controls.
He is a key shareholder in natural gas producer Novatek; billionaire Gennady Timchenko is his partner in both.
Novatek, co-owned by Leonid Mikhelson, is the second largest extractor and producer of natural gas in Russia.
Currently, Leonid Mikhelson serves as Chairman of the Management Board and Director of Novatek, and as Chairman of the Board of Directors of Sibur, a Moscow, Russia-based petrochemicals company, where he also holds a significant stake.
Leonid Mikhelson owns a super yacht named Pacific which is 85 m long. The luxurious yacht can accommodate 12 guests and 28 crew in 6 and 8 cabins respectively and is worth $150 Million.
Leonid Mikhelson is the largest stakeholder with 25% shares in Novatek which is the largest independent natural gas producer in Russia.
Leonid Mikhelson reportedly attended the World Economic Forum in Davos, Switzerland in 2013.
Leonid Mikhelson is $1.8 Billion Russia’s third-richest person.
Leonid Mikhelson commissioned architect Renzo Piano to convert an abandoned power plant in Moscow into a massive new contemporary art gallery.
He is Russia’s number one natural gas producer.
According to Forbes, his personal fortune was estimated at $15.6 Billion as of 2014.
Leonid Mikhelson began his career as foreman for a construction company building a gas pipeline in Russia’s Tyumen region.
He was ranked one among the “Top 200 Art Collectors” by ArtNews from 2013 to 2015.
In July 2014, Novatek, co-owned by Leonid Mikhelson, was included in the U.S. sanctions following the Ukrainian Crisis.
He established and named the private foundation, Victoria-The Art of Being Contemporary, after his daughter, Victoria.
Leonid Mikhelson recently bought a 3 bedroom house on Miami Beach worth $15.9 Million.