Richest BusinessRichest Billionaires
Net Worth:
$6 Billion
1959 (65 years old)
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What is Alexander Abramov's Net Worth?

Alexander Abramov is a Russian scientist-turned-industrial magnate who has a net worth of $6 billion. Born in 1959 in Russia, Alexander Abramov has accumulated an enormous fortune as head of Evraz Holding, Russia's largest producer of steel. A graduate of the elite Moscow Institute of Physics and Technology, Abramov made his career beginnings as the head of a research lab before the collapse of the Soviet Union. In 1992, Alexander Abramov united with Alexander Frolov in the formation of a small metal trading business, a precursor to Evraz Holding. He made the first fortune by exporting metals and coal from the Urals and Siberia.

After the Russian financial crisis in 1998, Abramov made a wise move buying up hobbled steel companies and coal mines on the cheap, including two U.S. firms, Claymont Steel and Oregon Steel. A decade later, in 2008, he was elected Chairman of Evraz, stepping in the shoes of Alexander Frolov, who has since served as CEO. Today, Evraz Holding is a true iron empire which has 125,000 employees, controls around 22% of Russia's total steel output and records an annual turnover of $20 billion. It is rumored that Alexander Abramov and fellow billionaire Roman Abramovich, who also has stakes in Evraz, will buy a 5.8% stake in Norilsk Nickel. Aside from enlarging his already huge fortune, Abramov is a married man with three children.

All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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