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Alexander Abramov – Billionaire

Alexander Grigoryevich Abramov (Russian: Александр Григорьевич Абрамов, born 1959) is a former scientist who became an industrial magnate as one of the two heads of Evraz, Russia’s largest steel producer. Beginning in 1998, he has amassed the largest steel and iron empire in Russia, which employs 125,000 people, controls about 22 percent of the country’s total steel output and has an annual turnover of $20 billion. A business partner and ally of Aleksandr Frolov and Roman Abramovich, Abramov was in March 2015 listed by Forbes as having an estimated net worth of $4.3 billion.

Education

He graduated from the elite Moscow Institute of Physics and Technology.

Career

EvrazHolding is a product of Russia’s growth since the 1998 financial crisis and Abramov is representative of the second wave of Russian magnates who went into business after the best assets had been taken. Unlike the first wave of politically connected oligarchs, such as Mikhail Khodorkovsky and Vladimir Potanin, Abramov had neither political leverage nor financial resources to help him benefit from Russia’s chaotic privatisation of the 1990s.

In recent years Evraz-Holding has emerged as one of the most aggressive vertically integrated business groups in Russia. Its assets include three large steel mills, three coal mines and several ore-enriching plants, as well as a large commercial port, Nakhodka, in the east of the country.

Source:wikipedia

 

 

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