Leonid Mikhelson Net Worth

Leonid Mikhelson is the chairman and co-owner of NOVATEK, Russia's largest independent natural gas producer and one of the world's leading liquefied natural gas (LNG) companies. An engineer by training, Mikhelson has spent four decades building NOVATEK into a world-class energy company that has pioneered the development of Arctic natural gas resources and established Russia as a major player in the global LNG market.

Mikhelson's greatest achievement is the development of the Yamal LNG project, one of the largest and most technically challenging industrial projects in history. Located above the Arctic Circle in Siberia, Yamal LNG required extraordinary engineering to produce and liquefy natural gas in extreme conditions, with winter temperatures reaching minus 50 degrees Celsius. The project was completed on time and within budget — a remarkable feat for a facility of its scale and complexity — and began producing LNG in 2017.

Beyond energy, Mikhelson is a dedicated patron of contemporary art and culture. His V-A-C Foundation supports contemporary art exhibitions, educational programs, and cultural exchanges, and he has backed the development of the GES-2 House of Culture in Moscow, a world-class contemporary art space. His combination of engineering excellence, business leadership, and cultural patronage makes him one of the most multifaceted business leaders in the world.