Alexander Abramov Net Worth is$5 Billion
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Profession: Scientist
Date of Birth: 1959
Ethnicity: Jewish people
Country: Moscow
Alexander Abramov Net Worth: Alexander Abramov is a Russian scientist-turned-industrial magnate who has a net worth of $5 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.
Alexander Abramov (Russian: ???>>?u??????? 1/2 ???? ?????,??? 3/4 ?????u???,?? ????????? 1/4 ? 3/4 ??) (born 1959) is a former scientist who became an industrial magnate as head of EvrazHolding, Russia's largest steel producer. Beginning in 1998, he has amassed the largest steel and iron empire in Russia, which employs 125,000 people, controls about 22 percent of the country's total steel output and has an annual turnover of $20 billion. Abramov was listed on the Forbes list of billionaires for 2011 with an estimated net worth of $7.5 billion.

He graduated from the elite Moscow Institute of Physics and Technology ??? Russia's answer to the Massachusetts Institute of Technology.
By the age of 31 he was a deputy head of the Institute of High Temperatures, a research base for Russia's space and defence programme. But by 1990 state funding for research institutes dried up, forcing Abramov to go into business.
One option was to sell high technologies created by his institute. But he calculated it would take four to eight years to turn a scientific application into a commercial product.
EvrazHolding is a product of Russia's growth since the 1998 financial crisis and Abramov is representative of the second wave of Russian magnates who went into business after the best assets had been taken. Unlike the first wave of politically connected oligarchs, such as Mikhail Khodorkovsky and Vladimir Potanin, Abramov had neither political leverage nor financial resources to help him benefit from Russia's chaotic privatisation of the 1990s.
In recent years Evraz-Holding has emerged as one of the most aggressive vertically integrated business groups in Russia. Its assets include three large steel mills, three coal mines and several ore-enriching plants, as well as a large commercial port, Nakhodka, in the east of the country.
He used his contacts with Russia's steel mills, which used high-temperature technologies, and offered his services not as a scientist but

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Alexander Abramov Latest News

Director/PDMR Shareholding

EVRAZ plc was notified on 15 March 2018 by Mr. Alexander Abramov, a director of EVRAZ plc, that he sold 108,128 EVRAZ Ordinary Shares, held indirectly. As a result of this transaction, Mr. Alexander Abramov's indirect holding decreased to 301,960,323 EVRAZ ...
Posted: March 15, 2018, 5:00 pm

Russian oligarch's 60,000L a day consent to water Helena Bay lawn

Businessman Alexander Abramov will use the water in summer at his $50 million resort in Helena Bay, Northland. Abramov, who is worth several billion dollars according to Forbes, is a former scientist who made his fortune by amassing the largest steel and ...
Posted: July 30, 2017, 5:00 am

L.A. Man Gets 150 Years in Federal Prison for Abusing Girls in Russia

U.S. District Judge Otis D. Wright II called Yuzef Abramov, 58, "the ultimate predator" The dual Russian and U.S. citizen was educated but "chose a path of terror and rape of multiple sixth-grade schoolgirls," the judge said. Abramov was convicted in ...
Posted: March 14, 2016, 2:42 pm
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