Alexei Mordashov – Super Yacht Billionaire

Name:Alexei Mordashov
Worth:$28 Billion
Source of Wealth:Severstal
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Alexei Mordashov

Born on the 26th of September in 1965, Alexei Mordashov is a Rissian billionaire with an estimated personal net worth of US $26 Billion. He is the chairman and main shareholder of Severstal which is a Russian conglomerate invested in mining, energy and metal companies.

Early Life

Both Alexei’s parents were steel mill workers and he has mentioned his family used welfare coupons. After graduating with a bachelor’s degree from Leningrad Engineering-Economical Institute he later gained an MBA from Northumbria University in England. After returning to Cherepovets he joined the same steel plant his parents had worked at.


  • 1988 – Joined Cherepovetskiy Metallurgical Plant
  • 1992 – Became finance director
  • Began buying up other workers’ shares and built a major stake
  • 1996 – appointed as CEO
  • Built a conglomerate, Severstal
  • 2003 – became a co-owner of Rossiya Bank
  • 2004 – started investing in US steel companies
  • 2008 – Mordashov, Surgutneftegas and Rossiya Bank created the National Media Group which owns packages in TV channels (FifthFirstREN TV)
  • 2011 – Purchased 25% of the shares in Power Machines
  • 2012 – Consolidated Severstal’s gold mining assets into Nord Gold N.V which listed on London Stock Exchange
  • 2013 – Bought 50% of Tele2 Russia, the country’s 4th largest mobile phone operator
  • 2004 to 2014 – Invested in both the Dearborn and Columbus plants
  • 2014 – US investments had been sold for a total of $2.3 billion
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