OAO Lukoil, Russia’s second-largest oil company, climbed to an eight-week high in New York after the crude producer said billionaire Chief Executive Officer Vagit Alekperov bought $498 million of shares since late June.
Leonid Fedun said he’s spent almost $1 billion to return Spartak Moscow to the glory it achieved in his youth, when it was Russia’s top soccer club. The billionaire plans to take the team public after building a new stadium.
Leonid Fedun, the billionaire deputy chief executive officer of OAO Lukoil, said any negative effect on the second-biggest Russian oil company from the rising ruble is being countered by gains from crude prices moving in tandem.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Leonid Fedun , Deputy Chief Executive Officer of OAO Lukoil , may increase his stake in Russia’s second-largest oil producer to 10 percent by acquiring a 0.7 percent share, Kommersant reported, citing an unidentified official.