Alexey Mordashov & family

$36.94 B

Ranked #60 in World

About Alexey Mordashov & family

Russian billionaire Alexey Mordashov, the main shareholder and chairman of Severstal, has been pivotal in Russia's steel industry. With a $21.2 billion net worth per Bloomberg, Mordashov was the second richest in Russia as of March 2022 and topped Forbes' 2021 Russian billionaire list. Born to steelworkers, the business magnate ascended from economist to CEO of Severstal, greatly expanding its reach. Despite his success, EU and UK sanctions following the 2022 Ukraine invasion have impacted Mordashov's holdings, including the seizure of assets like his yacht, the Lady M.

Born

September 26, 1965

Age

60 years

Source Of Wealth

Steel, Investments

Industries

Metals & Mining

Citizenship

Russia

Residence

Moscow

Education

Master of Science in Engineering, Leningrad Institute of Economics; Master of Business Administration, University of Northumbria

Alexey Alexandrovich Mordashov was born on September 26, 1965, in Cherepovets, Russian SFSR, Soviet Union. His parents were Russian steel mill workers. Mordashov graduated with a bachelor's degree from the Leningrad Engineering-Economical Institute (now ENGECON) and later gained an MBA from Northumbria University in Newcastle upon Tyne, England, in 2001.

Alexey Mordashov & family: Family

Mordashov has been married twice. His first marriage was to Elena (sometimes Yelena), with whom he has a son named Ilya. His second marriage is to another Elena, with whom he has two more sons - Kirill and Nikita.

Alexey Mordashov & family: Career Highlights

Mordashov's career began in 1988 when he joined Cherepovetskiy Metallurgical Plant as an economist. He quickly rose through the ranks, becoming finance director in 1992. In 1996, he was appointed as CEO of the company. Under his leadership, the company grew into a conglomerate known as Severstal, acquiring steel, coal, and mining companies.

Alexey Mordashov & family: Companies

Mordashov is the main shareholder and chairman of Severstal, Russia's largest steel and mining company. He is also the co-owner of Rossiya Bank and has made significant investments in US steel companies, including the Rouge Plant in Dearborn, Michigan. Additionally, he holds a 24.9% stake in TUI Group through his S-Group Travel and has been on the TUI Group supervisory board since 2016.

Alexey Mordashov & family: Major Achievements

Mordashov is credited with building Severstal into one of the largest steel companies in the world. He has also made significant investments in various industries, including banking, tourism, and media. In 2021, he was ranked first among Russian billionaires by Forbes, with a net worth of $29.1 billion.

Alexey Mordashov & family: Awards & Achievements

Mordashov has received numerous awards and recognitions for his contributions to the steel industry and business. Some of his notable awards include the Order of Merit for the Fatherland, the Order of Alexander Nevsky, and the Order of Friendship.

Alexey Mordashov & family: Personal Life & Legacy

Mordashov is known for his private and reserved personal life.

He has been married twice and has three sons. In recent years, he has transferred shares in some of his companies to his sons, including Nordgold and TUI. Mordashov's legacy lies in his successful business ventures and his significant contributions to the Russian economy.

Alexey Mordashov & family: Trivia

In 2022, Mordashov was blacklisted by the European Union and sanctioned by the UK government due to the Russian invasion of Ukraine. His yacht, the Lady M, was seized by Italian police in early March 2022. Despite these challenges, Mordashov remains one of the wealthiest individuals in Russia and continues to play a significant role in the country's economy.

Wealth History

Timeline

September 26, 1965

Alexey Alexandrovich Mordashov is born in Cherepovets, Russian SFSR, Soviet Union.

1988

Mordashov joins Cherepovetskiy Metallurgical Plant as an economist.

1992

Mordashov becomes finance director of Cherepovetskiy Metallurgical Plant.

1996

Mordashov is appointed CEO of Cherepovetskiy Metallurgical Plant.

2001

Mordashov gains an MBA from Northumbria University in Newcastle upon Tyne, England.

2003

Mordashov becomes co-owner of Rossiya Bank.

2008

Mordashov creates the National Media Group with Surgutneftegas and Rossiya Bank.

2011

Mordashov purchases 25% of the shares in steam turbine manufacturer, Power Machines, from Siemens.

2012

Mordashov consolidates Severstal's gold mining assets into Nord Gold N.V., listed on the London Stock Exchange.

2013

Mordashov buys 50% of Tele2 Russia, the country's 4th largest mobile phone operator, with partner Yuri Kovalchuk.

2014

Mordashov sells all of Severstal's US investments for a total of $2.3 billion.

2016

Mordashov holds a 24.9% stake in TUI Group through S-Group Travel and has been on the TUI Group supervisory board since 2016.

2017

Mordashov announces plans to delist Nordgold from the London Stock Exchange due to unfair valuation.

2018–2019

Mordashov transfers shares in Nordgold and TUI to his sons Kirill and Nikita through the KN-holding company.

2022

Mordashov is blacklisted by the European Union due to the Russian invasion of Ukraine, with all assets frozen.

Early March 2022

Italian police seize Mordashov's yacht, the Lady M.

2022

Mordashov is sanctioned by the UK government in relation to the Russo-Ukrainian War.

2022

Mordashov transfers most of his ownership stake in TUI to a Caribbean shell company controlled by Marina Mordashova, reportedly the mother of some of his children.

Alexey Mordashov & family : FAQs

What is Alexey Mordashov's current net worth?

Alexey Mordashov's current net worth is $36.94 billion.

What is Alexey Mordashov's current global rank among billionaires?

Alexey Mordashov holds the 60th position globally among billionaires.

What is Alexey Mordashov's current ranking within the Russia?

Alexey Mordashov holds the 1st position in Russia.

What was the change in Alexey Mordashov's net worth compared to the previous year?

Alexey Mordashov's net worth increased by 8.35 billion dollars compared to the previous year 2025, when his net worth was 28.59 billion dollars.

What is the recent change in Alexey Mordashov's net worth?

Alexey Mordashov's net worth decreased by 8.33 million dollars recently, a 0.02% decrease, with his net worth standing at 36.94 billion dollars.

What are Alexey Mordashov's main sources of wealth?

Alexey Mordashov's main source of income comes from Steel, Investments.

In which industry does Alexey Mordashov primarily operate?

Alexey Mordashov is primarily involved in the Metals & Mining industry.

What is Alexey Mordashov educational background?

Alexey Mordashov holds a Master of Science in Engineering from Leningrad Institute of Economics and a Master of Business Administration from the University of Northumbria.

How old is Alexey Mordashov?

Alexey Mordashov is 60 years old.

How many children does Alexey Mordashov have?

Alexey Mordashov has 7 children.

Who is Alexey Alexandrovich Mordashov and what is his role at Severstal?

Alexey Alexandrovich Mordashov is a Russian billionaire businessman, the main shareholder, and chairman of Severstal, which is Russia's largest steel and mining company.

What were the key steps in Alexey Mordashov's career that led to him leading Severstal?

Alexey Mordashov joined Cherepovetskiy Metallurgical Plant in 1988 as an economist, became finance director in 1992, and took advantage of the plant's privatization to form investment funds and acquire a major stake. He became CEO in 1996 and built Severstal into a conglomerate by acquiring steel, coal, and mining companies.

What are the consequences of the sanctions imposed on Alexey Mordashov due to the Russian invasion of Ukraine?

Due to sanctions imposed by the European Union and UK government in response to the 2022 Russian invasion of Ukraine, Alexey Mordashov has been blacklisted, with assets frozen, his yacht, the Lady M, seized by Italian police, and he has faced various other financial and asset-related restrictions.