Age, Biography and Wiki
| Birth Day | September 26, 1965 |
| Birth Place | Moscow, Russia, Russia |
| Age | 58 YEARS OLD |
| 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) |
Net worth: $20.9 Billion (2024)
Alexey Mordashov is a prominent figure in the Russian Metals & Mining industry, with an estimated net worth of $20.9 billion projected for 2024. As the Chairman and majority shareholder of Severstal, one of Russia's largest steel companies, Mordashov has accumulated vast wealth through his successful ventures in the mining and metal production sectors. Known for his astute business acumen and strategic vision, Mordashov has played a crucial role in Severstal's expansion and profitability, earning him the reputation as one of Russia's most influential and wealthiest entrepreneurs in the industry.
Biography/Timeline
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.
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.
By 2001, Mordashov had married his second wife, also Elena, and had had two more sons.
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.
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.
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.
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.
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.
Some Alexey Mordashov images
