Net Worth: How Rich Was Lukoil Chairman Ravil Maganov In 2022? Meet Wife & Family

Ravil Maganov never revealed his earnings or assets to the media; however, given his lifestyle, he could have had a net worth of at least $5 to $10 million or more for working for PJSC Lukoil Oil Company since 1993.

Vagit Alekperov, the company’s president, has been named the 10th Russian billionaire, with a net worth of $14.4 billion and a company valuation of  ₽4,744 billion. Thus, Lukoil may have paid the chairman a decent salary in order for him to live a happy and comfortable life.

However, due to international sanctions imposed during Russia’s invasion of Ukraine in 2022, the multinational energy corporation’s market stock price fell by 95 percent. Nonetheless, Ravil rose from being an oil operator to becoming chairman, and he made significant contributions to the development of Russia’s entire oil and gas sector.

His managerial abilities aided the company’s rapid growth from a small oil production group to one of the world’s leading energy companies. He had received numerous national awards for his achievements; Maganov received a lifetime achievement award from President Vladimir Putin in 2019.