Alexander Abramov Net Worth

Table: Alexander Abramov’s Net Worth Details

What is Alexander Abramov’s Net Worth?

Alexander Abramov, a Russian scientist-turned-industrial magnate, has a net worth of $6 billion. As the head of Evraz Holding, Russia’s largest producer of steel, Abramov has accumulated an enormous fortune over the years.

Highlights

– Alexander Abramov has a net worth of $6 billion.

– He is the head of Evraz Holding, Russia’s largest producer of steel.

– Evraz Holding controls around 22% of Russia’s total steel output.

– Abramov is rumored to be buying a 5.8% stake in Norilsk Nickel.

Early Life

Alexander Abramov was born in 1959 in Russia. He studied at the elite Moscow Institute of Physics and Technology, where he graduated with a degree in physics. During his early career, Abramov worked as the head of a research lab before the collapse of the Soviet Union.

Career

Following the Russian financial crisis in 1998, Alexander Abramov made strategic acquisitions of struggling steel companies and coal mines, including Claymont Steel and Oregon Steel in the United States. These acquisitions proved to be profitable, and Abramov’s wealth began to grow significantly.

In 2008, Abramov was elected Chairman of Evraz Holding, succeeding Alexander Frolov, who became the CEO. Under Abramov’s leadership, Evraz Holding has become a major player in the steel industry. With 125,000 employees and an annual turnover of $20 billion, the company controls a significant portion of Russia’s steel output.

Furthermore, there are reports suggesting that Abramov and fellow billionaire Roman Abramovich, who also has stakes in Evraz, are planning to buy a 5.8% stake in Norilsk Nickel, further expanding their influence in the industry.

Personal Life

Alexander Abramov is a married man and has three children. Further details about his personal life are not available.

Net Worth Over Time

Alexander Abramov’s net worth has grown significantly over the years. Starting as a scientist, he ventured into the steel industry and made wise investment decisions, which ultimately led to his enormous fortune of $6 billion.

Components of Net Worth

Abramov’s net worth primarily comes from his ownership stake in Evraz Holding, which is valued at billions of dollars. Additionally, his investments in other steel companies, coal mines, and potential stakes in Norilsk Nickel have also contributed to his overall net worth.

In conclusion, Alexander Abramov is a Russian industrial magnate with a net worth of $6 billion. As the head of Evraz Holding, he has played a significant role in shaping Russia’s steel industry. With strategic acquisitions and successful management, Abramov has built a substantial fortune and continues to expand his influence in the sector.

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