Alexander Abramov’s Net Worth, Biography, Career, Awards, Fact and Life Story

Alexander Abramov Net Worth: Alexander Abramov is a Russian scientist-turned-industrial magnate who has a net worth of $6 billion. Born in 1959 in Russia, Alexander Abramov has accumulated an enormous fortune as head of Evraz Holding, Russia’s largest producer of steel. A graduate of the elite Moscow Institute of Physics and Technology, Abramov made his career beginnings as the head of a research lab before the collapse of the Soviet Union. In 1992, Alexander Abramov united with Alexander Frolov in the formation of a small metal trading business, a precursor to Evraz Holding. He made the first fortune by exporting metals and coal from the Urals and Siberia. After the Russian financial crisis in 1998, Abramov made a wise move buying up hobbled steel companies and coal mines on the cheap, including two U.S. firms, Claymont Steel and Oregon Steel. A decade later, in 2008, he was elected Chairman of Evraz, stepping in the shoes of Alexander Frolov, who has since served as CEO. Today, Evraz Holding is a true iron empire which has 125,000 employees, controls around 22% of Russia’s total steel output and records an annual turnover of $20 billion. It is rumored that Alexander Abramov and fellow billionaire Roman Abramovich, who also has stakes in Evraz, will buy a 5.8% stake in Norilsk Nickel. Aside from enlarging his already huge fortune, Abramov is a married man with three children.

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Mikhail Fedyaev’s Net Worth, Biography, Career, Awards, Fact and Life Story

Mikhail Fedyaev Net Worth: Mikhail Fedyaev is a Russian businessman who has a net worth of $1.2 billion. Mikhail Fedyaev holds control of the privately-held conglomerate Sibirskiy Delovoy Soyuz (or Siberian Business Union) along with fellow billionaire Vladimir Gridin. The conglomerate, which reportedly produces over 20 million tons of coal, is also active in the chemical industry, as well as construction, engineering and transportation. Mikhail Fedyaev started his career while he was still studying at the Kuzbass Polytechnic Institute. He made his beginnings as a mechanic in a car factory where he eventually met his future partner, Vladimir Gridin. With support from Aman Tuleev, the governor of Kemerovo Oblast, the duo became owners of a coal field and set the basis for today’s Sibirskiy Delovoy Soyuz. Married with two children, Mikhail Fedyaev now resides in Kemerevo, Russia.
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