| Name: | Alexei Mordashov |
| Net Worth: | $30 billion |
| Source of Wealth: | Severstal |
| Born: | September 26, 1965 |
| Age: | |
| Country: | Russia |
| Wife: | Marina Mordashov |
| Children: | Kirill Mordashov, Ilya Mordashov |
| Residence: | Barvikha, Moscow, Russia |
| Private Jet: | Bombardier Global 6000 (M-YSSF) |
| Yacht | NORD |
| Yacht (2) | Lady M |
From humble beginnings to becoming Russia’s richest man, Alexei Mordashov has built an impressive empire in the steel and mining industry. In this article, we explore the life, achievements, and investments of this influential billionaire, as well as his impressive superyacht collection.
Born in 1965 to parents working at a steel mill, Alexei Mordashov’s journey to success started with a solid education. He studied at the Leningrad Engineering-Economical Institute and later earned an MBA from Northumbria University in the UK. Married to Marina, Mordashov is a proud father of two children.
His career in the steel industry began as a finance director at a Russian steel plant. Sensing opportunity, he purchased shares in the company and was later appointed CEO. Under his leadership, the company transformed into the powerhouse now known as the Severstal Group.
Today, Mordashov is the chairman of the World Steel Association and a significant shareholder in Rossiya Bank. He is also the owner of the yacht Lady M and the 139-meter Lurssen project Redwood, delivered in 2021 and now named NORD.
As chairman and majority shareholder of Severstal, Mordashov oversees one of Russia’s largest producers of iron ore, coking coal, flats, longs, and steel pipes. The company supplies materials for construction, automotive, machinery, and oil & gas industries.
Severstal operates in Russia, Latvia, Ukraine, Poland, Liberia, and Italy, employing 52,000 people. In 2018, the company generated revenue of US$ 7 billion.
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.
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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Mordashov’s yacht Nord was built by Lurssen. She is designed by Nuvolari Lenard.
The yacht Nord is powered by MTU engines. Her max speed is 20 knots.
The yacht can accommodate more than 24 guests and more than 40 crew. Her interior is designed by Nuvolari Lenard.
Lady M is the first yacht in the PJ 210 sports yacht series. She is powered by two MTU 16V4000 engines. She reaches a top speed of 28 knots.
As far as we know, Alexei is one of the rare Russian oligarchs who does not own a large house in the South of France or Florida.
He resides with his wife Marina Mordashov in Barvikha in Moscow (and on his yacht). Barvikha is a wealthy suburb of Moscow. Most Russian billionaires own a residence there.
Barvikha, located just west of Moscow, is known as the “Beverly Hills” of Russia and is home to some of the country’s wealthiest individuals. This affluent suburb is famous for its luxury villas and mansions, set amidst lush green forests that provide residents with privacy and a respite from the city’s hustle and bustle.
One of the main reasons Russian billionaires choose to live in Barvikha is its exclusivity. The area is known for its high-end boutiques, world-class restaurants, and elite clubs that cater to the upper echelons of society. Furthermore, Barvikha offers excellent security and privacy, with many of the properties hidden behind tall fences and guarded by private security firms.
Another significant draw for the rich and famous is the Barvikha Luxury Village, a shopping and entertainment complex that houses designer boutiques, gourmet restaurants, and a concert hall. The area also boasts top-notch medical facilities, including the Barvikha Clinic, which offers a range of health and wellness services. With its combination of luxury, privacy, and accessibility to Moscow’s city center, it’s no wonder that Barvikha is the preferred choice for Russian billionaires seeking a lavish lifestyle.
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He is owner of the yacht Nord.
The NORD yacht was built by Lurssen Yachts and designed by Nuvolari Lenard, with an interior designed by the same firm.
Nord is 142 meters long, can accommodate 36 guests in 20 cabins, and has a crew of over 50 people.
The yacht features a range of amenities including a helicopter hangar, two helicopter platforms, a large swimming pool, two elevators, a fully equipped gym with a sauna, and a cinema.
The estimated value of the yacht is $500 million, with annual running costs of around $50 million.
He also still owns the Palmer Johnson yacht Lady M.
Mordashov owns a Bombardier Global 6000 private jet. The jet has registration M-
The Bombardier Global 6000 is a long-range business jet produced by Bombardier Aerospace. It was introduced in 2010 and is part of the Bombardier Global family of aircraft. The Bombardier Global 6000 has a maximum range of 6,000 nautical miles and can accommodate up to 19 passengers. It is equipped with advanced technologies and luxury amenities, including a spacious cabin, high-speed internet, and a full galley. The Global 6000 is popular among executives, government officials, and other individuals who require long-range travel capabilities and comfort. A Global 6000 has a list price of EUR 50 million.
He owned a Bombardier Global Express with the same registration. Which is a large cabin, ultra-long-range business jet. The aircraft is manufactured by Bombardier Aerospace in Canada.
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