Mikhail Fridman’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2019 | $15 billion | Forbes World's Billionaires List 2019 |
| 2020 | $13 billion | Forbes World's Billionaires List 2020 |
| 2021 | $15.5 billion | Forbes World's Billionaires List 2021 |
| 2022 | $11.8 billion | Forbes World's Billionaires List 2022 |
| 2023 | $12.6 billion | Forbes World's Billionaires List 2023 |
| 2024 | $13.1 billion | Forbes World's Billionaires List 2024 |
| 2025 | $14.9 billion | Forbes World's Billionaires List 2025 |
| 2026 | $16.5 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $16.8 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Mikhail Fridman’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Mikhail Fridman has an estimated net worth of $16.8 billion, according to Forbes Real-Time Billionaires, Mikhail Fridman profile (figures as of October 20, 2026). That is up from $15 billion in 2019.
Mikhail Fridman is a self-made businessman from Russia whose wealth has come from oil, banking, and telecom. He co-founded Alfa-Eco in 1989 with German Khan and Alexei Kuzmichev, then helped build Alfa Group into a major privately owned conglomerate. In 1991, he also co-founded Alfa-Bank, which grew into one of Russia’s largest private banks. His business interests later stretched across retail, telecom, and energy through a series of large holdings and deals.
A big turning point came in 2003, when Fridman and his partners created TNK-BP, a joint venture with British Petroleum. He later led TNK-BP before selling his stake in 2013. That year, he received $5.1 billion in cash as part of a $14 billion sale by the partners. After that, he co-founded the international investment company LetterOne and remained tied to major assets in banking and energy.
How Mikhail Fridman built his fortune
Fridman’s money came from several industries, not just one. He started with trading businesses in the late 1980s, then co-founded Alfa-Eco in 1989 as a commodities firm that moved into oil trading. Around the same period, Alfa Capital also took shape, and those businesses developed into Alfa Group. Over time, the group expanded from computer trading and copy machine maintenance into imports, exports, commodities, banking, telecom, retail, and oil.
Banking became one of his main pillars after he co-founded Alfa-Bank in 1991 using $100,000 from earlier business profits. Telecom added another stream. Alfa Group bought a 44% stake in Golden Telecom in 2001 and also took a strategic interest in Vimpelcom. Those telecom holdings were later grouped under Alfa Telecom and then renamed Altimo in 2005. Energy was another major source of wealth, especially TNK-BP, where the 2013 sale delivered $5.1 billion in cash to Fridman.
Forbes net worth and key money moments
Forbes has shown Fridman’s fortune moving up and down over time. It put him at $15 billion in 2019, then $13 billion in 2020, followed by $15.5 billion in 2021. After that, the estimate fell to $11.8 billion in 2022 before rising to $12.6 billion in 2023 and $13.1 billion in 2024. Those swings match the fact that his wealth is tied to several sectors, including energy, banking, and telecom.
The latest Forbes numbers point to a stronger recent rebound. Forbes valued him at $14.9 billion in 2025 and $16.5 billion in 2026, with the real-time tracker reaching $16.8 billion in October 2026. His wealth story is closely linked to big ownership stakes and major deals, especially Alfa-Bank, telecom holdings such as Vimpelcom and Golden Telecom, and the earlier TNK-BP sale. He also reduced his shareholding in LetterOne after stepping down from the Luxembourg holding company.
Career and money timeline
- 1989
Fridman, German Khan, and Alexei Kuzmichev started commodities trader Alfa-Eco.
- 1991
He co-founded Alfa-Bank, which became one of Russia’s largest private banks.
- 2001
Alfa Group bought a 44% stake in Golden Telecom and invested in Vimpelcom.
- 2003
He and his partners created TNK-BP in a joint venture with British Petroleum.
- 2005
Alfa Telecom was renamed Altimo as the group consolidated telecom holdings.
- 2013
He sold his TNK-BP stake and co-founded LetterOne.
- 2026
Forbes' real-time tracker listed his net worth at $16.8 billion in October 2026.
Mikhail Fridman net worth FAQ
What is Mikhail Fridman's net worth?
Mikhail Fridman's net worth is an estimated $16.8 billion, according to Forbes Real-Time Billionaires, Mikhail Fridman profile (October 20, 2026). It is an estimate, not an official figure.
How did Mikhail Fridman get so rich?
The main sources named in the reporting we cite are: Oil, banking, telecom.
Is Mikhail Fridman a billionaire?
Yes. Forbes Real-Time Billionaires estimates Mikhail Fridman is worth $16.8 billion.
How has Mikhail Fridman's net worth changed?
The earliest published estimate we track is $15 billion (2019, Forbes World's Billionaires List 2019). The latest is $16.8 billion (October 20, 2026).
What companies made Mikhail Fridman rich?
His fortune came from Alfa-Bank, Alfa Group’s telecom holdings, and oil assets tied to TNK-BP. Forbes also connects his wealth to banking, telecom, and energy.
What was his biggest known payout?
In 2013, he got $5.1 billion in cash when the TNK-BP partners sold their stakes for $14 billion.
Sources
- Forbes Real-Time Billionaires, Mikhail Fridman profile (October 20, 2026)
- Forbes World's Billionaires List 2019, Mikhail Fridman profile (March 5, 2019)
- Forbes World's Billionaires List 2020, Mikhail Fridman profile (April 7, 2020)
- Forbes World's Billionaires List 2021, Mikhail Fridman profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Mikhail Fridman profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Mikhail Fridman profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Mikhail Fridman profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Mikhail Fridman profile (April 2025)
- Forbes World's Billionaires List 2026, Mikhail Fridman profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Mikhail Fridman (accessed October 21, 2026). Used for career facts only, never for figures.
Photo: LetterOne Group, CC BY 2.0, via Wikimedia Commons.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.