4 Azerbaijanis with a net worth over $1 billion - Forbes

Forbes magazine has published its list of the world's billionaires for 2026, and this list also includes people of Azerbaijani descent.
Yeniavaz.com reports that among the 3,428 billionaires included on the Forbes list, there are 4 Azerbaijanis.
It's worth noting that all of these billionaires live in Russia, and their primary sources of income are tied to that country.
The richest billionaire of Azerbaijani descent is Vahid Alakbarov, ranked 81st on the list of world billionaires. He is also considered the third richest person in Russia.
75-year-old Vahid Alakbarov's total net worth is $29.5 billion, an amount that has increased by approximately $800 million over the past year.
After Vahid Alakbarov, the richest Azerbaijanis are Zarakh Iliev and God Nisanov. Zarakh Iliev ranks 829th on the world's billionaires list, while God Nisanov is 836th.
Each is reported to have a net worth of $5.1 billion. Both have increased their wealth by $1.7 billion over the past year.
The final Azerbaijani on the world's billionaires list is Farhad Akhmadov. He ranks 2,386th with a net worth of $1.6 billion. Akhmadov has increased his net worth by $100 million over the past year.
It's worth noting that five years ago, in 2021, there were five Azerbaijanis on the world's billionaires list. In 2021, Araz Agalarov was included on the Forbes list with a net worth of $1.2 billion. However, Araz Agalarov has failed to make the billionaires list in the past five years.


Elnur Ali