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
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).








