Alexander Abramov

About Alexander Abramov

Birth Year: 1959
Birth Place: Moscow, Russia, Russia
Residence: Moscow, Russia
Alma mater: Moscow Institute of Physics and Technology
Occupation: Businessman
Known for: Chairman of Evraz
Children: 3
Awards: Order of Friendship

Alexander Abramov Net Worth

Alexander Abramov was bornon 1959 in Moscow, Russia, Russia. Alexander Abramov is chairman of steel company Evraz. He is partners in the company with Roman Abramovich. They also own a stake together in Norilsk Nickel. Abramov got his start as the head of a research lab before the collapse of the Soviet Union. In 1992, he founded a precursor to Evraz Holding and made a fortune exporting metals and coal from the Urals and Siberia. After the 1998 Russian financial crisis, he bought up hobbled steel companies and coal mines on the cheap, including two U.S. firms, Claymont Steel and Oregon Steel. In January of 2017, Russian President Vladimir Putin awarded Abramov the Decoration For Beneficence for his public work and charity activity.
Alexander Abramov is a member of Metals & Mining

💰 Net worth: $5.8 Billion (Updated at 22 June 2018)

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

Biography/Timeline

1990

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.

1998

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.

2005

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.

2007

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

Some Alexander Abramov images