Alexey Mordashov, the renowned Russian business magnate, is a name that commands respect in the global business arena. As the principal shareholder of Severstal, one of Russia’s largest steel producers, and with interests in various sectors, Mordashov’s financial trajectory has captivated the attention of many.
In this article, we delve deep into the labyrinth of his financial empire and unravel the answer to the burning question: What is Alexey Mordashov net worth in 2023?
What is Alexey Mordashov’s Net Worth and Salary in 2023?
As of 2023, Alexey Mordashov boasts an impressive net worth of $20,5 billion, according to the Bloomberg Billionaires Index. Mordashov’s fortune primarily stems from his role as Severstal’s main shareholder and chairman, the country’s largest steel and mining company.
Additionally, he holds stakes in various other ventures, including Nordgold, Power Machines, TUI, Lenta, and Rostelecom.
While it is difficult to pinpoint Mordashov’s exact salary, his diverse investments and business interests contribute significantly to his ever-growing net worth.
Alexey Mordashov’s Overview
Alexey Mordashov, born on September 26, 1965, grew up in a humble family with his parents working at a steel mill. As a child, his family relied on welfare coupons and had limited access to necessities like butter and sausages.
Mordashov pursued higher education at the Leningrad Engineering-Economical Institute, now known as ENGECON, and later earned an MBA from Northumbria University in Newcastle upon Tyne, England, in 2001.
He credits his decision to study in Leningrad over Moscow and the value of his undergraduate studies for shaping his career path.
After completing his education, Mordashov returned to Cherepovets and began his career at the same steel plant where his parents had worked.
He began his journey 1988 as a senior economist at the Cherepovets Steel Mill, where both of his parents had worked.
Mordashov’s dedication and hard work led him to become the company’s chief financial officer, later transforming into Severstal, Russia’s largest steel and mining company.
As Severstal’s main shareholder and chairman, Mordashov played a pivotal role in the company’s growth and success.
In 1996, Mordashov took over as the CEO of Severstal, leading the company through significant milestones and overcoming numerous challenges. Under his leadership, Severstal became widely regarded as one of Russia’s best-managed corporations.
Mordashov’s strategic vision and passion for value creation helped the company expand its international footprint, including investments in Power Machines, a steam turbine manufacturer, and Tele2 Russia, the country’s fourth-largest mobile phone operator.
Mordashov’s accomplishments have not gone unnoticed. In 2012, he was elected chairman of the World Steel Association, and Forbes recognized him as one of the world’s wealthiest individuals.
Despite his success, Mordashov has faced controversies, such as being mentioned in the Panama Papers and FinCEN files leaks. He has also been sanctioned by the European Union and the UK government due to Russia’s 2022 invasion of Ukraine.
Alexey Mordashov has experienced a complex personal life. Born on September 26, 1965, Mordashov has been married twice. His first marriage was to Elena, with whom he shares a son named Ilya.
The couple divorced in 1996, and in 2001, it was revealed that Mordashov was paying only $620 a month for child support. Elena sued him for half of his pre-divorce property but lost the case, incurring significant legal fees.
The case was eventually settled after she took it to the European Court of Human Rights. By 2001, Mordashov had married his second wife, Elena, and they had two sons, Kirill and Nikita.
His connections to people close to Russian President Vladimir Putin, including a stake in Rossiya Bank, which counts Putin proxies Yury Kovalchuk and Nikolay Shamalov as shareholders, have raised questions about his involvement with the Kremlin.
Furthermore, Mordashov’s name has appeared in the Panama Papers and FinCEN files leaks, linking him to payments for Putin’s pet projects and donations to close associates of the Russian president.
As a result, Mordashov has faced sanctions due to Russia’s 2022 invasion of Ukraine.
Why is Alexey Mordashov Famous?
Alexey Mordashov is renowned for his remarkable journey from humble beginnings to becoming one of Russia’s most successful and wealthiest businessmen.
His fame primarily stems from his majority ownership and chairmanship of Severstal, Russia’s largest steel and mining company.
Under Mordashov’s leadership, Severstal has transformed into a highly profitable global enterprise, earning him recognition as one of the world’s top billionaires.
Additionally, his involvement in various other ventures, such as Rossiya Bank and Power Machines, further solidifies his status as a prominent figure in business.
FAQs about Alexey Mordashov
How old is Alexey Mordashov?
Alexey Mordashov age is 57 years old.
How tall is Alexey Mordashov?
Alexey Mordashov height is 6 feet 2 inches.
Who is the richest Russian?
Forbes ranked Andrei Melnichenko, founder and former beneficiary of fertilizer maker EuroChem Group and coal energy business SUEK, as the wealthiest Russian.2
How many billionaires are in Russia?
When the 2022 list was released, Forbes Russia reported 110 official billionaires in Russia, a rise of 22 from the previous year. The combined fortune of these individuals was estimated to be $505 billion, up from $353 billion.
Having taken you on a comprehensive journey through the financial empire of Alexey Mordashov, we have offered insights into the factors shaping his considerable net worth in 2023.
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