Leonid Fedun

Leonid Fedun
Image	; Fedun in 2012
Born	5 April 1956 (Forbes) Kyiv (BBC Russian)
Nationality	Russian
Residence	Monaco (Forbes)
Occupation	Businessman
Known for	Co-founder and major shareholder of Lukoil; owner of FC Spartak Moscow 2004–2022
Education	Dzerzhinsky Military Academy (Forbes)

Russian businessman; co-founder and former vice-president of Lukoil and former owner of Spartak Moscow

Leonid Fedun (born 5 April 1956) is a Russian businessman and a co-founder of the oil company Lukoil. He was its vice-president from 1994 until he stepped down in June 2022.^[1]^[2] He owned the Moscow football club Spartak from 2004 until he sold it to Lukoil in August 2022.^[3]^[4] On 11 November 2026 the Forbes Real-Time Billionaires list ranked Fedun 341st in the world, with an estimated net worth of US$10.3 billion; Forbes lists the source of wealth as oil.^[2]^[5] In the annual World's Billionaires list published in 2026, Forbes had ranked Fedun 316th, at US$10.3 billion.^[6]

Lukoil

Forbes describes Fedun as a former military man who met his business partner Vagit Alekperov in the late 1980s while teaching in the Siberian city of Kogalym. It says Fedun helped Alekperov privatise Lukoil in the 1990s and owned a stake of nearly 10%.^[2] The BBC Russian Service reported that Fedun took part in Lukoil's founding in 1991 and had been vice-president since 1994.^[1]

In early March 2022 Lukoil's board publicly called for an end to the war in Ukraine. In April the UK sanctioned Alekperov, who then left all his posts at the company. Fedun himself was not sanctioned.^[1] On 27 June 2022 Lukoil announced that Fedun was leaving as vice-president, citing his reaching retirement age and family circumstances.^[1] The BBC later reported that, after the sanctions on Alekperov, Fedun had become the company's main shareholder.^[3] On 22 October 2025 the US Treasury designated Lukoil and Rosneft, which it called Russia's two largest oil companies, under Executive Order 14024 for operating in Russia's energy sector.^[7] Forbes says Fedun and Alekperov have also jointly owned the Dutch shipyard Heesen Yachts.^[2]

Spartak Moscow

Fedun became owner and president of Spartak Moscow in 2004, buying a controlling stake from Andrei Chervichenko.^[3] He paid for a new stadium; Forbes cites a reported US$500 million, and the ground hosted matches at the 2018 World Cup.^[2] Spartak first played at the Otkritie Arena in 2014 and in 2017 won the Russian Premier League. The BBC said this ended a 13-year run without trophies under his ownership, during which many fans had called for him to go.^[3]

On 22 August 2022 Lukoil, the club's main sponsor for more than 20 years, announced that it was buying 100% of Spartak and its stadium. Fedun resigned as president, board member and chairman and gave up any role in the club's management.^[4] The price was not disclosed.^[3]

Wealth

The BBC Russian Service reported that Forbes valued Fedun and his family at US$11.1 billion in 2021, and that this had fallen to US$5 billion by April 2022, after Russia's invasion of Ukraine and the sanctions that followed.^[1]

Wealth history

Forbes has included this entry in its annual World's Billionaires list in 23 of the editions from 2001 to 2026 checked for this profile, starting with 2004. The table gives the rank and estimated net worth in each annual list.^[6]^[2]

Forbes estimates by list year
Year	World's Billionaires rank	Net worth (US$ bn)
2004	437	1.3
2005	321	2.0
2006	168	4.0
2007	152	5.3
2008	149	6.4
2009	122	4.3
2010	136	5.5
2011	133	7.1
2012	146	6.5
2013	162	7.1
2014	208	6.5
2015	283	5.3
2016	392	3.9
2017	226	6.3
2018	237	6.9
2019	167	8.7
2020	241	6.3
2021	197	11.1
2022	552	5.0
2023	261	8.0
2024	210	10.5
2025	258	10.4
2026	316	10.3

International and political links

This section uses the same ten headings for every profile in this series. Only specific, sourced actions are included; company-level and foundation-level actions are labelled as such. Where nothing was found, the entry reads "No documented involvement found in sources checked."