Leonid Mikhelson is one of Russia’s wealthiest individuals, known for his influential role in the energy sector and his dedication to promoting contemporary art. As the CEO and co-founder of Novatek, Russia’s largest independent natural gas producer, Mikhelson has not only shaped the global energy landscape but has also made significant contributions to the arts and culture.
Mikhelson’s journey to success began in the Soviet Union when he started as a construction foreman. In the early 1990s, he transitioned into the energy sector, eventually founding Novatek. Under his leadership, the company grew into a powerhouse in the natural gas industry, challenging established giants like Gazprom. Novatek has pioneered liquefied natural gas (LNG) projects, including the massive Yamal LNG project in the Arctic, which has allowed Russia to compete in the global LNG market.
Beyond his business ventures, Mikhelson is an avid art enthusiast and philanthropist. He founded the V-A-C Foundation (Victoria – the Art of being Contemporary) to support Russian contemporary art and culture. The foundation’s projects include exhibitions, educational programs, and collaborations with artists and institutions worldwide. Mikhelson’s support for the arts highlights his belief in the power of culture to inspire and enrich society.
With a net worth estimated at over $20 billion, Leonid Mikhelson’s influence spans both the business world and the cultural sphere. His dedication to growing Russia’s presence in the energy market and his commitment to the arts have earned him a unique position as a business leader with a passion for cultural enrichment.
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