Who is Alexander Abramov?
Alexander Abramov is a well-known businessman and philanthropist. He was born in February 1959, and he is married to Svetlana, with whom he has three children – Yegor Abramov, Natalya Abramova, and Alexander Jr. Abramov. Abramov is the Chairman and shareholder of Evraz, one of the largest steel producers in the world.
Evraz, the company Abramov founded in 1999, is active in steel, mining, and vanadium. The Evraz Group is listed on the London Stock Exchange, and the company has 80,000 employees. In addition to its steel production, Evraz is one of the world’s leaders in the production of vanadium, which is used as a steel additive to increase strength.
Alexander Abramov’s Net Worth
Alexander Abramov’s net worth is estimated at $8 billion. He owns 21.09% of the shares in Evraz, worth around US$ 1.2 billion. Abramov is paid an annual salary of US$ 780,000 and owns his shares through a Cyprus-based company named Lanebrook Ltd, which owns 63% of Evraz’s shares. Other shareholders of Lanebrook include Roman Abramovich, Eugene Shvidler, and Evraz’s CEO Alexander Frolov. In the last 5-6 years, Abramov received around US$ 300 million in dividends.
Abramov is also a shareholder in Norilsk Nickel, the world’s largest producer of palladium, as well as one of the largest producers of nickel, platinum, and copper. Together with Roman Abramovich and Alexander Frolov, Abramov owns their shares through a company named Crispian Investments Limited. Crispian owns 6% of the shares in Norilsk Nickel, so Abramov likely owns 2%, with a value of US$ 500 million.
The Yacht Titan
In addition to his business ventures, Abramov is also the owner of the luxurious yacht, Titan. Built by Abeking and Rasmussen as build number 6483, the yacht was delivered in 2010. With accommodations for up to 14 guests and a crew of 19, the Titan is a true floating paradise. Designed by Reymond Langton, the yacht’s interior is a masterpiece of modern design, powered by two Caterpillar engines that give her a top speed of 16 knots and a cruising speed of 12 knots.
In addition to his successful business ventures, Abramov is also known for his philanthropic work. He has donated significant sums of money to various causes, including education, healthcare, and cultural programs. In 2008, he established the Abramov Foundation to provide financial support to various charities and organizations.
Alexander Abramov is a highly successful businessman and philanthropist with a net worth of $8 billion. He is the Chairman and shareholder of Evraz, one of the world’s largest steel producers, and a shareholder in Norilsk Nickel, the world’s largest producer of palladium. He is also the owner of the luxurious yacht Titan and is known for his philanthropic work, which includes the establishment of the Abramov Foundation.
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