Alexander Abramov Net Worth

Alexander Abramov was born in 1959 in Moscow, Russia. He is the chairman of steel company Evraz, and partners with Roman Abramovich in Norilsk Nickel. He began his career as the head of a research lab before the fall of the Soviet Union, and founded a precursor to Evraz Holding in 1992. After the 1998 Russian financial crisis, he bought up steel companies and coal mines at a low cost, including two U.S. firms. In 2017, he was awarded the Decoration For Beneficence by Russian President Vladimir Putin for his public work and charity activity.
Alexander Abramov is a member of Metals & Mining

Age, Biography and Wiki

Birth Year 1959
Birth Place Moscow, Russia, Russia
Alexander Abramov age 64 YEARS OLD
Residence Moscow, Russia
Alma mater Moscow Institute of Physics and Technology
Occupation Businessman
Known for Chairman of Evraz
Children 3
Awards Order of Friendship

💰 Net worth: $6 Billion (2024)

Alexander Abramov, a prominent figure in the world of metals and mining in Russia, is estimated to have a net worth of $6 billion by 2024. With a successful career spanning decades, Abramov has made significant contributions to the industry, accumulating immense wealth in the process. His expertise and business acumen have propelled him to the top, as he has managed to navigate through the challenges of the sector, ensuring profitability and success for his ventures. As an influential figure in the metals and mining sector, Alexander Abramov's net worth is a testament to his remarkable achievements and unwavering dedication to his craft.

2009 $4.4 Billion
2010 $6.1 Billion
2011 $7.5 Billion
2012 $5.4 Billion
2013 $4.6 Billion
2014 $3.8 Billion
2015 $4.5 Billion
2016 $3.6 Billion
2017 $4.5 Billion
2018 $5.63 Billion



He used his contacts with Russia's steel mills, which used high-temperature technologies, and offered his services not as a scientist but as a metal trader. Trading was a popular and quick way to make money in Russia in the early 1990s. The economy was shrinking, non-payment was a chronic Problem and any offer of cash from a trader was welcomed by factories. By 1997, trading was less profitable and many trading companies, including Abramov's, were owed large sums by producers. Abramov began buying factories and swapped debt for equity in the Nizhny Tagil steel mill, while also buying stakes in its rail-producing plant from other shareholders.


The two factories Abramov was interested in were in bankruptcy in 1998. Salaries had not been paid for up to eight months and strikes were breaking out.


This pitched Abramov against Alfa Group, one of the most influential oligarch groups, which controlled one of the factories. While groups such as Alfa were shedding non-core assets, Abramov and his like were building empires. In June 2005 EvrazHolding was listed on the London Stock Exchange. Five months later, Abramov resigned as group President but remains a member of the board.


He has made numerous strategic Business acquisitions. For Example, in 2007 Abramov acquired Oregon Steel Mills and Claymont Steel.

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