Vladimir Bogdanov
Surgut, Russia
Bachelor of Arts/Science, Tyumen Industrial Institute
Russia
oil, Self Made
$1,600,000,000
1425
#1425 Billionaires 2019
Vladimir Bogdanov made his fortune in oil drilling. He was appointed chief executive of Surgutneftegas when he was 33. In the early 1990s he and fellow managers privatized the company, which is famous for its thrift and avoiding expensive purchases. In 2016 he received the Gold Star of Hero of the Russian Federation from Vladimir Putin "for special labor service for the country and people."
Bogdanov is often called the "Siberian hermit," because he rarely leaves the remote town of Surgut and avoids public attention. His Surgutneftegas managed to accumulate a huge pile of cash of $43 billion, more than twice as much as company's market capitalization.
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