German Khan’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 | $9.7 billion | Forbes World's Billionaires List 2019 |
| 2020 | $8.5 billion | Forbes World's Billionaires List 2020 |
| 2021 | $10.1 billion | Forbes World's Billionaires List 2021 |
| 2022 | $7.8 billion | Forbes World's Billionaires List 2022 |
| 2023 | $8.2 billion | Forbes World's Billionaires List 2023 |
| 2024 | $8.5 billion | Forbes World's Billionaires List 2024 |
| 2025 | $9.6 billion | Forbes World's Billionaires List 2025 |
| 2026 | $10.6 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $10.9 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.
German Khan’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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German Khan has an estimated net worth of $10.9 billion, according to Forbes Real-Time Billionaires, German Khan profile (figures as of October 20, 2026). That is up from $9.7 billion in 2019.
German Khan is a Russian businessman known for helping build Alfa Group and later LetterOne. After graduating from university in 1988, he worked in wholesale trade selling consumer goods and then started his own cooperative. In 1989, he and college friend Mikhail Fridman launched commodities trader Alfa-Eco. Khan took on senior roles as the business grew, moving from trade and exports into a bigger focus on commodities and energy.
His wealth came mainly from oil, banking, and telecom. Khan became president of Alfa-Eco in 1996 and pushed it toward export business and the oil trade. When Alfa bought Tyumen Oil in 1997, he joined the board and later served as deputy chairman until 2003. In 2003, Tyumen Oil merged with BP's Russian assets to create TNK-BP. After 10 years, the partners sold their 25% stake for $14 billion, and Khan later helped launch LetterOne in Luxembourg.
How German Khan built his fortune
Khan made his money by working across several parts of Alfa Group. He started in wholesale trade, then moved deeper into commodities. By 1996, he was leading Alfa-Eco and steering it toward exports and oil. That shift mattered. Alfa's purchase of Tyumen Oil in 1997 gave him a direct role in one of Russia's major energy businesses, where he served on the board and later as deputy chairman.
A major turning point came in 2003, when Tyumen Oil and BP's Russian assets were combined into TNK-BP in a 50–50 venture. TNK-BP grew into Russia's third largest oil company. After 10 years, the partners sold their 25% stake in TNK-BP for $14 billion. Khan then joined Fridman in creating LetterOne in 2013, using part of those proceeds to invest in international projects. He also cofounded Alfa Bank, the largest non-state owned bank in Russia.
Forbes net worth and the big money moment
Forbes has tracked Khan's wealth through several swings. It put him at $9.7 billion in 2019, then $8.5 billion in 2020. The estimate rose to $10.1 billion in 2021 before dropping to $7.8 billion in 2022. It then moved up to $8.2 billion in 2023 and $8.5 billion in 2024. The most recent figure is $10.9 billion on Forbes' real-time billionaires tracker as of October 20, 2026.
The biggest money event in this career story was the TNK-BP deal cycle. In 2003, the venture with BP was formed after Tyumen Oil merged with BP's Russian assets. A decade later, the partners sold their 25% stake for $14 billion. Khan then helped set up LetterOne in Luxembourg to invest internationally. Forbes places him in energy, while also noting banking and telecom as part of the businesses behind his fortune.
Career and money timeline
- 1988
After university, he worked in wholesale trade and set up his own cooperative.
- 1989
He and Mikhail Fridman started commodities trader Alfa-Eco.
- 1996
He became president of Alfa-Eco and pushed it toward exports and oil.
- 1997
He joined Tyumen Oil's board after Alfa bought the company.
- 2003
He helped create TNK-BP from Tyumen Oil and BP's Russian assets.
- 2013
He joined in establishing LetterOne in Luxembourg after the TNK-BP sale.
German Khan net worth FAQ
What is German Khan's net worth?
German Khan's net worth is an estimated $10.9 billion, according to Forbes Real-Time Billionaires, German Khan profile (October 20, 2026). It is an estimate, not an official figure.
How did German Khan get so rich?
The main sources named in the reporting we cite are: Oil, banking, telecom.
Is German Khan a billionaire?
Yes. Forbes Real-Time Billionaires estimates German Khan is worth $10.9 billion.
How has German Khan's net worth changed?
The earliest published estimate we track is $9.7 billion (2019, Forbes World's Billionaires List 2019). The latest is $10.9 billion (October 20, 2026).
What companies is German Khan best known for?
He is best known for Alfa Group, Alfa Bank, TNK-BP, and LetterOne. His career moved from trading into oil, banking, and telecom.
What was the key deal in his career?
A central deal was the creation of TNK-BP in 2003. Another was the later sale of the partners' 25% stake for $14 billion after 10 years.
Sources
- Forbes Real-Time Billionaires, German Khan profile (October 20, 2026)
- Forbes World's Billionaires List 2019, German Khan profile (March 5, 2019)
- Forbes World's Billionaires List 2020, German Khan profile (April 7, 2020)
- Forbes World's Billionaires List 2021, German Khan profile (April 6, 2021)
- Forbes World's Billionaires List 2022, German Khan profile (April 5, 2022)
- Forbes World's Billionaires List 2023, German Khan profile (April 4, 2023)
- Forbes World's Billionaires List 2024, German Khan profile (April 2, 2024)
- Forbes World's Billionaires List 2025, German Khan profile (April 2025)
- Forbes World's Billionaires List 2026, German Khan 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, German Khan (accessed October 23, 2026). Used for career facts only, never for figures.
Photo: Government.ru, CC BY 4.0, 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.