Alexander Abramov Net Worth
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.