⬅ # 189 Chris Xu|# 191 Jay Chaudhry

# 190 Leonid Fedun 


Real Time Net Worth
as of 4/12/2024
-$1.1M (-0.01%)

# 190 Leonid Fedun 


Real Time Net Worth
as of 4/12/2024
-$1.1M (-0.01%)
OccupationCofounder, Lukoil
Source of WealthOil
ResidenceMoscow, Russia
Marital StatusMarried
EducationMS, Military Academy F.E.Dzerzhinsky
Age-Adjusted Net Worth$6.45B
Leonid Fedun
Leonid Fedun
Net worth: $11.1B

Self-Made Score 

Wealth History

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Leonid Arnoldovich Fedun, born on April 5, 1956, is a Ukrainian-born Russian billionaire businessman.
He co-founded the Russian oil company Lukoil and played a pivotal role in its privatization in the 1990s.
Fedun met his business partner, Vagit Alekperov, in the late 80s while teaching in Kogalym, Siberia.
Before his business career, Fedun served as a military officer.
He held the position of vice president at Lukoil until his retirement in 2022.

Business Career

In November 1992, Fedun founded Neftkonsult LLP, marking the beginning of his business ventures.
In 1993, he officially left the Russian military and assumed the role of CEO at JSC.
By 1996, Fedun became the Vice President of LUKoil Inc, with Vagit Alekperov being a key figure.
As of May 2006, Fedun was a major owner of IFD Kapital Group.
Between 2004 and 2022, he served as Spartak's top official and the second-largest shareholder.
In 2020, Fedun donated 10 million rubles to the Vishnevsky Institute of Surgery for COVID-19 research.
In July 2021, he made a rejected £400 million offer to buy Premier League club Wolverhampton Wanderers.
On August 22, 2022, Fedun resigned as president of FC Spartak Moscow, selling 100% of his shares to Lukoil.

Personal Life

Fedun is currently in his second marriage and resides in Moscow.
He has six children.

How long would it take you to become as rich as Leonid Fedun?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach Leonid Fedun's net worth of $11.1B.

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 38.63% compared to 10.38% for the S&P 500 benchmark.

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Leonid Fedun 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 Leonid Fedun, Oil is the primary source. 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