From humble beginnings to becoming Russia’s richest man, Alexei Mordashov has built an impressive empire in the steel and mining industry. In this article, we explore the life, achievements, and investments of this influential billionaire, as well as his impressive superyacht collection.
Who is Alexei Mordashov?
Born in 1965 to parents working at a steel mill, Alexei Mordashov’s journey to success started with a solid education. He studied at the Leningrad Engineering-Economical Institute and later earned an MBA from Northumbria University in the UK. Married to Marina, Mordashov is a proud father of two children.
His career in the steel industry began as a finance director at a Russian steel plant. Sensing opportunity, he purchased shares in the company and was later appointed CEO. Under his leadership, the company transformed into the powerhouse now known as the Severstal Group.
Today, Mordashov is the chairman of the World Steel Association and a significant shareholder in Rossiya Bank. He is also the owner of the yacht Lady M and the 139-meter Lurssen project Redwood, delivered in 2021 and now named NORD.
Severstal: A Leader in Steel and Mining
As chairman and majority shareholder of Severstal, Mordashov oversees one of Russia’s largest producers of iron ore, coking coal, flats, longs, and steel pipes. The company supplies materials for construction, automotive, machinery, and oil & gas industries.
Severstal operates in Russia, Latvia, Ukraine, Poland, Liberia, and Italy, employing 52,000 people. In 2018, the company generated revenue of US$ 7 billion.
Alexei Mordashov Net Worth and Investments
Apart from Severstal, Mordashov is an investor in various ventures, including Tele2 Russia, Power Machines, TUI, and Bank Rossiya. His philanthropic efforts are commendable, donating more than US$ 50 million annually through Severstal.
With a net worth of $30 billion, Alexei Mordashov is considered Russia’s wealthiest individual.
Political Ties and Influence
Mordashov maintains close ties with Russian President Vladimir Putin. In 2015, he shifted his investment focus from the USA to Russia, following Putin’s advice to avoid unwise investments abroad. These close ties and his extensive business empire have undoubtedly contributed to Mordashov’s continued success and influence in Russia.
Alexei Mordashov’s journey from a modest upbringing to becoming Russia’s richest man is nothing short of inspiring. His strategic investments, strong leadership, and close political connections have cemented his place as a key figure in Russia’s business landscape. As he continues to expand
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