Alexey Mordashov

About Alexey Mordashov

Birth Day: September 26, 1965
Birth Place: Moscow, Russia, Russia
Birth Sign: Libra
Alma mater: Leningrad Engineering-Economical Institute University of Northumbria
Occupation: Majority shareholder of Severstal
Spouse(s): Elena Mordashova (m. 1986; divorce 1996) Elena Mordashova (second wife also Elena)
Children: 6
Awards: Order of Alexander Nevsky Order of Honour Order of Merit of the Italian Republic (Commander) Cross of Recognition (3rd class)

Alexey Mordashov Net Worth

Alexey Mordashov was bornon September 26, 1965 in Moscow, Russia, Russia. Mordashov is the majority shareholder in steel company Severstal. The oligarch resigned as Severstal's CEO in 2015 after 19 years in the role. He owns stakes in TUI Group, the world's largest tourism company, as well as gold mining and engineering firms.
Alexey Mordashov is a member of Metals & Mining

💰 Net worth: $18.5 Billion (Updated at 22 June 2018)

2009 $4.3 Billion
2010 $9.9 Billion
2011 $18.5 Billion
2012 $15.3 Billion
2013 $12.8 Billion
2014 $10.5 Billion
2015 $13 Billion
2016 $10.9 Billion
2017 $17.5 Billion
2018 $18.62 Billion

Some Alexey Mordashov images

Biography/Timeline

1988

In 1988 he joined Cherepovetskiy Metallurgical Plant after graduation from Leningrad Engineering-Economical Institut as an Economist. By 1992 he became Finance Director, shortly before the company was privatised. When the plant's elderly Director instructed him to acquire shares to keep them out of the hands of an outsider, he formed two investment funds and, by buying up workers' shares, built a major stake in the factory. In 1996 he was appointed as CEO of the company. He went on to build a conglomerate, Severstal, acquiring steel, coal and mining companies.

1996

Mordashov and his first wife Elena (sometimes Yelena) have a son, Ilya, and divorced in 1996. In 2001, it was revealed in a St Petersburg divorce court that he was paying only $620 a month to support his ex-wife and son, when she sued him for half of his pre-divorce property but lost the case and incurred large fees. The case was eventually settled after she took it to the European Court of Human Rights.

2001

By 2001, Mordashov had married his second wife, also Elena, and had had two more sons.

2004

Between 2004 and 2014, Mordashov and Severstal invested up to $3 billion in both the Dearborn and Columbus plants. In 2011 he sold a number of US assets in Ohio, Maryland and West Virginia to the Renco Group, owned by industrialist Ira Rennert. By 2014 all of Severstal's US Investments had been sold for a total of $2.3 billion.

2008

His company Severstal planned a multibillion-dollar project in joint venture with POSCO in eastern India. After ten years of not getting environmental and land clearances, his company opted out in 2008.

2011

In 2011, Mordashov purchased 25% of the shares in steam turbine manufacturer, Power Machines, from Siemens. In 2013, with partner Yuri Kovalchuk, Mordashov bought 50% of Tele2 Russia, the country's 4th largest mobile phone operator.

2012

Mordashov was elected as chairman of the World Steel Association in October 2012. In 2011, he was the only Russian participant in a meeting of Bilderberg Club at St Moritz, Switzerland.

2015

In 2015, Mordashov stepped down as CEO, appointing former COO Vadim Larin, in his place. Mordashov would be appointed as chairman. The changes were confirmed by Severstal.