Leonid Simanovsky net worth
Leonid Simanovsky Net Worth: Leonid Simanovsky is a Russian businessman who has a net worth of $1.1 billion. He is the co-founder of Novatek, which was established in 1994 as OAO FIK Novafininvest. Back in the 1980s, Simanovsky met his future partner at Novatek, Leonid Mikhelson, who was Mikhelson’s deputy at a construction firm.
They seemed to be the perfect business partner for Simanovsky, who was working as an assembler at a factory producing space rocket technology at the time. Today, Novatek is Russia’s largest independent natural gas producer. Simanovsky, who acquired some of his net worth from Novatek, now owns less than 2 percent of the gas company, up from 6 percent at the time of its 2005 IPO. Besides Novatek, Simanovsky Mikhelsen controls First Union Bank. Simanovsky has also appeared on the Russian political scene, having been a deputy to the State Duma and a member of Vladimir Putin’s Federation Party since 2003. In addition, he is the Deputy Chairman of the Duma Budget and Taxation Committee.
