By Florence Gaitho on March 7 2014
German Khan is a Russian-based businessman who has an estimated net worth of $10.5 billion. His business focuses on gas and oil industries. Khan together with Alexei Kuzmichev and Mikhail Fridman, who are his fellow billionaire partners, hold the Russian biggest industrial and financial organization called the Alfa Group. Alfa Group took over the oil giants TNK in 2003. Khan was chosen as the executive director of the new TNK-BP group since then.
Khan’s career started in 1989, when along with other two friends, founded commodities trading outfit Alfa-Eco. In only two years time, the trio had managed to establish Alfa Bank, which is currently the biggest private bank in Russia. In the late 90’s, the trio bought Tyumen Oil from the state, merging it with BP’s Russian benefits to form TNK-BP. Khan co-owns Alfa Group and also holds interest in Vimpelcom cellular Company.
In 2012 he earned almost $3.3 billion in cash. This was after Leonard Blavatnik and Viktor Vekselberg together with him sold 50% stake in TNK-BP for $28 billion to a state owned company. The 52-year old German Khan is a graduate of the Moscow Institute of Steel and Alloys. He is married with five children and lives in the outskirts of the city.
Florence Gaitho is a Kenyan Citizen and saying that she likes writing would be an understatement. She is a passionate writer and writing has always been her first love. Florence studied at Mount Kenya University, where she attained a Bachelor of Arts Degree. She has been a professional web content/blog/article writer since 2011, and has written articles on diverse fields.