German Khan
| German B. Khan | |
|---|---|
 |
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| Native name | Герман Борисович Хан |
| Born |
German Borisovich Khan 24 October 1961 (age 55) Kiev, Ukraine, USSR |
| Residence | London and Moscow |
| Citizenship | Ukrainian, Russian, Israeli |
| Alma mater | Moscow Institute of Steel and Alloys |
| Occupation | Entrepreneur, business executive, philanthropist |
| Known for | Co-founding Alfa Group, LetterOne, and L1 Energy |
| Net worth | US$9.5 billion (2016) |
| Website | Khan's profile at LetterOne |
German Khan (Russian: Герман Борисович Хан; born 24 October 1961) is a Ukrainian-Russian entrepreneur, business executive, and philanthropist. After graduating from university in 1988 he worked in a wholesale business selling consumer items, before setting up his own cooperative. He was then appointed the head of the wholesale trade business Alfa Eco as part of a wider company, Alfa Group Consortium, by Mikhail Fridman. He became president of Alfa Eco in 1996 and was instrumental in directing the company to focus on the export business and the oil trade. When Alfa bought Tyumen Oil (TNK) in 1997, he joined the board of directors. He served as deputy chairman of TNK Oil Company from 1997 until 2003. In 2003, Khan worked with the other TNK owners to form a 50-50 joint venture with British Petroleum (BP), in what was the biggest foreign investment in Russia to date at USD $8 billion.
TNK-BP became Russia’s third largest oil company. In 2013 TNK-BP was sold to Rosneft for USD $56 billion, a sale described by Reuters as "one of the biggest energy takeovers in history." Khan joined Mikhail Fridman in establishing LetterOne, based in Luxembourg, for the purpose of investing proceeds of the proceeds from the TNK-BP sale in international projects. LetterOne's L1 Energy fund was founded in 2013. Khan has donated funds to non-profits such as the European Jewish Fund, and co-founded and supports the Genesis Philanthropy Group.
German Borisovich Khan was born on 24 October 1961 in Kiev, Ukraine. The son of Ukrainian Jewish parents from Lviv, his father was a metallurgy professor. Khan had a keen interest in sports at a young age, and during high school he developed a long-term interest in boxing, citing the sport as an influence on building confidence and self-discipline. Khan graduated from high school in 1978 and subsequently worked for a year as an apprentice on a shop floor of a factory. He then studied mechanical engineering at the Kiev-Pedagogical College, graduating in 1982. 1983 he enrolled in the Moscow Institute of Steel and Alloys (MISIS), where he specialised in the study of steel production. After graduating from college in 1988, Khan operated small businesses such as the clothing cooperative "Alexandrina" he founded with a partner, where he served as deputy chairman and handled supply chain and sales before its sale in 1990.
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