German Khan

German Borisovich Khan is a Ukrainian-Russian billionaire businessman. After graduating from university in 1988 he worked in a wholesale business selling consumer items, before setting up his own cooperative.

  • Ukraine native German Khan controls Alfa Group and LetterOne (Luxembourg), with fellow billionaires Mikhail Fridman and Alexei Kuzmichev.
  • The college pals have been partners since 1989, when they started commodities trader Alfa-Eco.
  • He is a co-founder of Alfa Bank, the largest non-state owned bank in Russia.
  • Alfa Group’s Tyumen Oil company merged with BP‘s Russian assets in 2003 to form TNK-BP.
  • After 10 years, the partners sold their 25% stake for $14 billion.