German Borisovich Khan (Russian: Герман Борисович Хан; born 24 October 1961) is a Ukrainian-Israeli-Russian oligarch, billionaire, and businessman.

[2][3] After graduating from university in 1988 he worked in a wholesale business selling consumer items,[4] before setting up his own cooperative.

[4] In 2003, Khan worked with the other TNK owners to form a 50–50 joint venture with BP,[8] in what was the largest foreign investment in Russia to date,[9] at US$8 billion.

"[13] Khan joined Mikhail Fridman in establishing LetterOne, based in Luxembourg, for the purpose of investing some of the proceeds from the TNK-BP sale in international projects.

[21] Khan graduated from high school in 1978 and subsequently worked for a year as an apprentice on a shop floor of a factory.

[4][5] The company began by buying and selling a range of products[5][11] including the purchase, upholstery and sale of carpets[5] to domestic and then later, export markets.

[4] Without a majority stakeholder in the company to dictate choices, by 2008, BP executives were in conflict with AAR over TNK-BP's strategy to internationalise the business.

[29] By 2011, Khan's net worth was estimated at $9.6 billion, which placed him at 92 on the Forbes billionaires list, also ranking him as the thirteenth wealthiest person in Russia.

[33] The 2014 downturn in the oil industry and the falling ruble value in Russia led to Khan losing about 22% of his estimated value in 2014, or about $2.5 billion in one year.

[citation needed] The deal was approved by Germany[35] and seven other national and supranational authorities, including the European Union and Ukraine.

[36] Despite this, the L1 purchase of RWE DEA was opposed by UK Energy and Climate Change Secretary Ed Davey, who "raised concerns" that sanctions[35] might "force L1 Energy to shut down production in the North Sea, imperiling oil supplies"[40] and 5% of Britain's North Sea natural gas output.

[41] DEA sold its North Sea oil fields[42] to Ineos, the chemical company owned by Jim Ratcliffe, for an undisclosed sum in October 2015.

In April Alfa Bank was hit with sanctions by the U.S.[49] [50] Khan is an active supporter of the Life Line charitable programme, which provides medicine and surgery for seriously ill children in Russia.

[18] Khan along with Stan Polovets, Mikhail Fridman, Pyotr Aven, and Alexander Knaster founded the Genesis Philanthropy Group in 2011, whose purpose is to develop and enhance Jewish identity among Jews worldwide.

[64] Khan is one of many Russian "oligarchs" named in the Countering America's Adversaries Through Sanctions Act, CAATSA, signed into law by President Donald Trump in 2017.

[4][66] According to WikiLeaks leaked US diplomatic cables, he was alleged in the past by other businesspeople to have carried handguns to business meetings in Russia.

[68] Khan is the father-in-law of Alex van der Zwaan who, on 20 February 2018, pleaded guilty to charges raised by the investigation into Russian interference in the 2016 United States elections.

[69] Van der Zwaan was charged with lying to the FBI about his contacts with Rick Gates, and pleaded guilty to one count of making a false statement to investigators.