Alexey Mordashov Net Worth, Age, Family & Biography $20.9B Real Time Net Worth #80 in the world today

Avan Parvadiya — Mon, 17 Apr 2023 10:27:26 +0000

About Alexey Mordashov

Who is Alexey Mordashov? Have you heard about him before? Today, let’s discuss a nun other than Alexey Alexandrovich Mordashov, a prominent Russian businessman and billionaire who serves as the chairman and main shareholder of Severstal, the largest steel and mining company in Russia. Mordashov’s name appeared in the Panama Papers and FinCEN files, where it was revealed that a company associated with him had funded several pet projects of Vladimir Putin and generously donated to people close to him.

Currently, Mordashov is under sanctions for his involvement in Russia’s 2022 invasion of Ukraine. The European Union has stated that Rossiya Bank, which Mordashov has a financial stake in, is the “personal bank” of senior officials who have benefited from the annexation of Crimea. Severstal is now a company with diverse business interests in mining, metals, and energy. As one of the world’s largest steel producers, it operates in Russia, the United States, and Europe. Mordashov continues to be the biggest shareholder of Severstal, owning over 77% of the company’s shares.

Vladimir Putin with Alexey Mordashov in 2015

Alexey Mordashov Family

Mordashov is a prominent Russian billionaire businessman who was born on September 26th, 1965. Alexey Alexandrovich Mordashov was born to Russian parents who worked in a steel mill. He came from a modest background and his family relied on welfare coupons, limiting their monthly allowance of butter and sausages.

Alexey Mordashov Education

After completing his education, Mordashov took a bachelor’s degree from the Leningrad Engineering-Economical Institute, which is called ENGECON. He later pursued his MBA at Northumbria University in Newcastle upon Tyne, England, in 2001. During a speech to students at the European University in Saint Petersburg, Mordashov spoke about his choice to study in Leningrad instead of Moscow and his undergraduate education helped him secure a job and pave the way for his successful career. After coming back to Cherepovets, he started his professional journey by getting employed in the same steel plant where his parents had previously worked.

Alexey Mordashov Career

After graduating from Leningrad Engineering-Economic Institute in 1988, Alexey Alexandrovich Mordashov began his career as an economist at Cherepovetskiy Metallurgical Plant. By 1992, he was promoted to finance director, just before the company underwent privatisation. During this period, Mordashov was tasked by the elderly director to prevent outsider ownership of the company by acquiring shares. To achieve this, he formed two investment funds and purchased workers’ shares, eventually accumulating a stake in the factory.

Alexey Mordashov Facts

Mordashov was previously married to Elena (sometimes Yelena), and they have a son named Ilya. However, the couple divorced in 1996. In 2001, it was reported that Elena had taken legal action against Mordashov in a St. Petersburg divorce court. She was seeking half of his pre-divorce property and increased child support payments for their son. The case was later taken to the European Court of Human Rights before eventually being settled. During the legal proceedings, it was revealed that Mordashov had been paying only $620 per month to support his ex-wife and son.

Alexey Mordashov, billionaire and chairman of Severstal PAO, left, and David Yakobachvili, Russian billionaire, have a conversation at a Russian Union of Industrialists and Entrepreneurs (RSPP) event in Moscow, Russia, on Thursday, March 14, 2019.