⬅ # 288 Dannine Avara|# 290 Eric Wittouck

# 289 German Khan 


Real Time Net Worth
as of 5/29/2024
$30.4M (0.34%)

# 289 German Khan 


Real Time Net Worth
as of 5/29/2024
$30.4M (0.34%)
OccupationCofounder, Alfa Group
Source of WealthOil, Banking, Telecom
ResidenceMoscow, Russia
Marital StatusMarried
EducationBS, Moscow Institute of Steel and Alloys
Age-Adjusted Net Worth$7.78B
German Khan
German Khan
Net worth: $8.91B

Self-Made Score 

Wealth History

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Personal Life

German Borisovich Khan was born on 24 October 1961 in Kyiv, Ukraine, to Ukrainian Jewish parents from Lviv. His father was a metallurgy professor.
Khan has both Russian and Israeli citizenship.
He is married to Angelika Khan, and they have four children: Jakob, Eleanora, Eva, and Lev.
The family resides in both London and Moscow.
In 2010, Khan purchased a home on Eaton Square in London. Additionally, he owns a villa in Monte Argentario, Tuscany.

Early Life and Education

Khan graduated from high school in 1978 and pursued mechanical engineering at the Kyiv-Pedagogical College, graduating in 1982.
In 1983, he enrolled at the Moscow Institute of Steel and Alloys (MISIS), specializing in steel production.
After graduating from college in 1988, Khan operated small businesses, including a clothing cooperative called "Alexandrina," which he co-founded and served as deputy chairman.

Career at Alfa Group and TNK-BP

Khan joined Alfa Group Consortium in 1989, appointed by his college friend Mikhail Fridman to head the wholesale trade business Alfa Eco.
He held various managerial positions within Alfa Group, including head of trade operations and director of commodity trading.
In 1997, Alfa Group Consortium acquired TNK Oil Company, where Khan joined the board and later became deputy chairman.
In 2003, Alfa Group formed the joint venture TNK-BP with British Petroleum (BP), making Khan an executive director and member of the management board.
During his tenure, TNK-BP became Russia's third-largest oil company.
In March 2013, Alfa Group sold its stake in TNK-BP to Rosneft for $28 billion, and Khan left TNK-BP.
With proceeds from the TNK-BP sale, Khan co-founded LetterOne (L1) with Fridman, establishing L1 Energy in 2013.
Khan served on the supervisory boards of Alfa Group Consortium, Alfa Group, and DEA Deutsche Erdoel AG.

Sanctions and Legal Issues

Khan, along with Fridman and Kuzmichev, was sanctioned by the EU and UK in February and March 2022.
He stepped down from the LetterOne board in March 2022.
In April 2022, Alfa Bank, cofounded by Khan, was sanctioned by the U.S.
Khan, Fridman, and Petr Aven filed defamation and libel suits against BuzzFeed, Fusion GPS, Glenn Simpson, and Christopher Steele for publishing the unverified Steele dossier.

How long would it take you to become as rich as German Khan?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach German Khan's net worth of $8.91B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.57% compared to 11.75% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

German Khan is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For German Khan, Oil, Banking and Telecom are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey