Source of Wealth:Mining, Steel
Full Name:Alexander Grigoryevich Abramov
Occupation:Chairman of Evraz Holding
Education:Moscow Institute of Physics and Technology
About Alexander Grigoryevich Abramov
Alexander Abramov is the partner of billionaire Roman Abramovich in the steel company Evraz and he has an estimated net worth of $3.8 billion as of December 2015 according to Forbes. He is also the 26th richest person in Russia and the 272nd richest person in the list of World Billionaires.
Abramov is a graduate of the Moscow Institute of Physics and Technology and holds a Ph.D. in Physics and Mathematics. A former scientist, he became an industrial magnate who headed the Evraz Holding, a multinational vertically integrated steel making and mining company. Its headquarter is in London and has operations in Russia as well as in Ukraine, Czech Republic, Italy, United States, Canada and South Africa. He began to accumulate his current estimated net worth of $4.6 billion as the Chairman of the firm after replacing fellow billionaire and his co-founder, Alexander Frolov in December 2008.
Alexander Abramov has around $3 billion in cash to invest which included the money that he earned from the sale of the energy infrastructure firm Energostroyinvest in December 2012. This 2013, it is rumored that he and Abramovich will buy a 5.8% stake in Norilsk Nickel. In 1992, he established a firm prior to Evraz where he exported metals and coals from the Urals and Siberia. He was also a buyout investor in 1998 after the Russian financial crisis. He bought up unstable steel companies and coal mines at a lower cost which included two U.S. firms, Claymont Steel and Oregon Steel.
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