Russian billionaire Ravil Ulfatovich Maganov served as the head of the country’s oil corporation, Lukoil. On September 25, 1954, Maganov was born in Almetyevsk, Tatarstan, in the Soviet Union. In 1977, he received his degree from the Moscow State Oil and Gas University. Ravil Maganov has worked for PJSC Lukoil Oil Company since 1993, although he has never disclosed his income or wealth to the media.
Around $250 million was thought to be Ravil Maganov’s net worth. His work as a corporate executive was his primary source of income. Ravil Maganov earned more than $20 million with other career earnings yearly. His successful career allowed him to enjoy lavish lifestyles and expensive travel. He was among the most wealthy and powerful corporate leaders in Russia.
Ravil Maganov, chairman of Russia’s No. 2 oil producer Lukoil, died Thursday after falling from a Moscow hospital window, two sources said, becoming the latest in a string of businessmen to suffer sudden and unexplained deaths.
The sources confirmed reports from various Russian media outlets that the 67-year-old had fallen, but the circumstances surrounding his fall were unclear.
Two people who knew Maganov well told Reuters they believed it highly unlikely that he had killed himself.
Another source close to the company said that within the Lukoil management it was believed that he had committed suicide, but that he had seen no evidence or documents to corroborate this.
Asked by Reuters if they were investigating the death as suspicious, Moscow police referred the question to the State Investigative Committee, which did not immediately respond to a request for comment.
Lukoil said in a statement that Maganov “passed away after a serious illness. The thousands of Lukoil employees deeply mourn this painful loss and express their deepest condolences to Ravil Maganov’s family.”
In recent months, other senior executives linked to the Russian energy industry have died suddenly, in unclear circumstances.
The day after Russia sent its forces to Ukraine in February, a Gazprom executive, Alexander Tyulakov, was found dead in his garage near St. Petersburg, Russian media reported.
In April, Sergei Protosenya, a former top manager of Russia’s largest liquefied natural gas producer, Novatek, was found dead along with his wife and daughter in a villa in Spain. The Catalan regional police, which is investigating the case, have said they believe he killed them and then took his own life.
In May, Russian media reported that a former Lukoil director, Alexander Subbotin, was found dead in the basement of a house on the outskirts of Moscow.
That same month, the Russian media claimed that Vladislav Avayev, former vice president of Gazprombank, was found dead in a Moscow apartment, also along with the bodies of his wife and daughter.
Maganov had been with Lukoil since 1993, shortly after the company’s inception, and had overseen its refining, production and exploration, becoming chairman in 2020. His brother Nail is the boss of mid-sized Russian oil producer Tatneft.
Unusually among Russian companies, Lukoil took a stance on Moscow’s intervention in Ukraine. In a March 3 statement, the firm’s board of directors expressed concern about “tragic events” in Ukraine and called for an “end to the armed conflict as soon as possible” through negotiations.
Amelia Warner
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