Alexei Mordashov

  Male      Russian      Business Person

  Born : Sep 26, 1965  

About Author

Alexey Mordashov (born 26 September 1965) in Cherepovets, Vologda Oblast. He is a Russian business oligarch and billionaire. He is the main shareholder and the CEO of Severstal, a large Russian conglomerate with interests in metal, energy and mining companies. As of July 2013 he has an estimated worth of $18.5 billion.

Mordashov is the son of parents who were both mill workers. He graduated from the Leningrad Engineering-Economical Institute, currently known as ENGECON. He later gained an MBA from Northumbria University in Newcastle upon Tyne, Great Britain in 2001.

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. He became general director of the company in 1996. He went on to build a conglomerate, Severstal, acquiring steel, coal and mining companies...

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