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Nadar vs Alekperov

HCLTech and Lukoil.

The differences

  • Forbes puts Shiv Nadar about $1B ahead of Vagit Alekperov.Forbes figures from 16 Oct 2026 and 9 Oct 2026.
  • Both started the company their money comes from.
  • Shiv Nadar is about 5 years older than Vagit Alekperov.
  • Shiv Nadar is from India; Vagit Alekperov is from Russia.
  • Vagit Alekperov has held a public or government advisory role; Shiv Nadar has none on record.

Put someone else on either side

Side by side

NadarAlekperov

The money

Net worth, Forbes
$30.5BForbes, 16 Oct 2026
$29.5BForbes, 9 Oct 2026
Net worth, Bloomberg
$32.8BBloomberg, 12 Oct 2026
$25.5BBloomberg, 8 Oct 2025
Forbes rank
No. 73Real-Time list, 16 Oct 2026
No. 78Real-Time list, 9 Oct 2026
Billionaire since
2006Earliest Forbes list in the cited sources: No. 168 on the 2006 World's Richest People with $4.0 billion; an earlier listing isn't ruled out
Not stated

Where it came from

How it started
Co-founded itCo-founded HCL in a garage in 1976 with five friends to make calculators and microprocessors
Founded itIn 1991 he took three large ministry-controlled oil fields and set up Lukoil
Main source
HCLTech stock held through family promoter companiesBloomberg: the majority of his fortune is held in HCL Technologies; the family also has a majority of HCL Infosystems
Lukoil stock and dividendsBloomberg: most of his fortune is a 28.3% Lukoil stake; he has collected more than $13 billion in dividends
Companies
HCLTechHCLTech: Founder; chairman emeritus and strategic advisor to the board
LukoilLukoil: Founder; no executive or board role
Biggest stake
HCLTech0.00003% owned
Lukoil8.6% owned

The person

Born
14 Jul 1945Moolaipozhi, Tamil Nadu, India
1950Baku, Azerbaijan
Country
IndiaLives in Delhi, India
RussiaLives in Moscow, Russia
Education
Bachelor's degreeElectrical engineering degree, PSG College of Technology, Coimbatore
Graduate degreeMaster of science in engineering, Azerbaijan Institute of Oil and Chemistry (1974)
Parents
Born in Moolaipozhi village, Tamil Nadu; lost his father early
Youngest of five children; his father, an oil worker, died when he was 3

What they give

Giving Pledge
Not a signer
Not a signer
Foundation
Shiv Nadar FoundationEstablished in 1994
Our Future FoundationSet up and financed by him; makes interest-free loans to social enterprises
Lifetime giving
$1.1BForbes, 30 Sep 2026. Forbes: donated to the Shiv Nadar Foundation; Bloomberg says the foundation has spent about $1.75 billion since 1994
Not stated

Role and record

Role now
Founder, no executive roleChairman emeritus and strategic advisor to the board of HCLTech
Founder, no executive roleLukoil shareholder; left the presidency and board in April 2022
Successor
His daughter Roshni Nadar Malhotra chairs HCLTech and the HCL Group (since July 2020); C Vijayakumar is CEO and managing director; son-in-law Shikhar Malhotra is a director of HCL Corporation and vice chairman and CEO of HCL Healthcare
Vadim Vorobyev, first executive vice president, was named temporary president of Lukoil in April 2022
Public office
None found
Soviet deputy minister overseeing the oil industrybefore 1991
Legal record
None found
2022: UK government; 2025: UK Companies HouseSanctioned by the UK in April 2022; he stepped down as Lukoil president days later. Disqualified from acting as a company director from 9 April 2025 as a person designated under UK sanctions (UK sanctions list reference RUS1334).

Shiv Nadar against others

Shiv's profile

Vagit Alekperov against others

Vagit's profile