The Top 5 Oil and Gas Billionaires in the Top Oil-Producing Countries

Written by on April 9, 2013 in Featured on App, National Companies, Oil with 1 Comment

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Following our previous article about the ‘Top 5 Richest Oil and Gas People in the USA' and ‘The Top 10 Biggest Oil Producing Countries' in the world, here we show you the richest 5 oil and gas people in the top oil-producing countries (Saudi Arabia, the USA, Russia, China and Canada).

Saudi Arabia – Mohammed Al Amoudi

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At a Glance

Age: 68

Net Worth: $13.5 Billion

Mohammed Al Amoudi made his fortune in construction and real estate before buying oil refineries in Sweden and Morocco. He is also engaged in energy exploration and production in West Africa. He owns 70% of National Oil Ethiopia, which competes with YBF, TAF and five other companies in the national petrol market. Al Amoudi has funded King Saud University's enhanced oil recovery department providing high quality insight into the latest developments in enhanced oil recovery (EOR). Furthermore, he has also funded the King Abdullah Institute for Nanotechnology at King Saud University.

The USA – The Koch Brothers

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At a Glance:

Age: Charles, 77, and David, 72

Net Worth: $ 34 Billion Each

The Koch Brothers are co-owners and CEOs of Koch Industries. They are ranked the 6th richest people in the world and made their fortune in massive refineries, pipelines and chemical plants. Koch Industries, with an estimated $115 billion in sales, climbed more than $20 billion in value, mostly on surging refining profits but also improving operations at Koch’s large Georgia-Pacific unit. The Koch brothers inherited the business from their father, Fred C. Koch, and have since expanded the business to 2,600 times its inherited size.

Russia – Vagit Alekperov

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At a Glance:

Age: 62

Net Worth: $14.8 Billion

Vagit Alekperov is President of the leading Russian energy company Lukoil. He is the eighth richest person in Russia and the 50th richest person in the world. In 1991 Mr. Alekperov took three large ministry-controlled oil fields and set up Lukoil. He remains its largest shareholder. ExxonMobil was the second-largest investor until it sold out in 2010. During ExxonMobil’s sale Alekperov bought shares using borrowed money. In 2011, when the price went up, he sold 3% and earned $350 million. Alekperov wrote a book called “Oil of Russia: Past, Present and Future.”

China: Wang Yusuo & Family

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At a Glance:

Age: 49

Net Worth: $2.4 Billion

Wang Yusuo is the chairman of the ENN Group, one of China’s largest non-government-controlled energy businesses. Mr. Yusuo is ENN Group's Executive Chairman since 2000. He has over 20 years of experience in the investment in, and the management of, the gas business in the PRC. His flagship company is ENN Energy Holdings, a Hong Kong-listed distributor of natural gas. He is also Co-Founder of CIMC Enric Holdings Limited, Chairman of XinAo Group Company Limited and Vice Chairman of China Energy Partners Inc.

Canada – James and Arthur Irving

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At a Glance:

Age: James, 85, and Arthur, 83

Net Worth: $ 4.5 Billion

James and Arthur Irving share the ownership of the ‘Irving Group of Companies' which is involved in diversified businesses like oil, natural gas, pulp and paper. Together, they are third richest persons in Canada. Arthur in particular is responsible for Irving Oil, its retail stores, oil refinery, oil tankers and distribution terminals and facilities.

If you'd like to know more about key protagonists in the oil and gas industry, why not attend our event, the World National Oil Companies Congress in London.

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About the Author

About the Author: I am a community manager at Terrapinn and I am interested in the Oil and Gas industry. I will be blogging about key challenges and issues within the industry. .

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