Age, Biography and Wiki
| Birth Year | 1959 |
| Birth Place | Moscow, Russia, Russia |
| 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.
Biography/Timeline
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.
Some Alexander Abramov images
