Alexey Mordashov Net Worth: Investments & Charity

A successful business tycoon and multi-billionaire, Alexey Mordashov has a net amount worth of $31.1 billion.

Moreover, he is also the 51st richest person in the world in 2021, based on Forbes.

Alexey Alexandrovich Mordashov, known to the public as Alexey Mordashov, is a Russian billionaire born in Moscow, Russia, on 26 September 1965.

In the initial days, his parents worked in a steel mill. And after achieving his degree, he began to work in a steel mill as well.

Alexy Mordashov
Alexy Mordashov posing for a camera

Similarly, Alexey Mordashov got his bachelor’s degree from the Leningrad Engineering-Economical Institute, currently known as ENGECON.

Later on, he pursued his MBA degree from Northumbria University in Newcastle upon Tyne, England, in 2001.

Alexy Mordashov is widely popular for his involvement in the steel company “Severstal” as a significant shareowner and a former Chief Executive Officer.

Moreover, Severstal explores the mining, metal, and energy sectors. It also has a branch in Russia.

Quick Facts

Here are some quick facts about Alexey Mordashov:

Full Name  Alexey Alexandrovich Mordashov
Nick Name Alexey Mordashov
Date of Birth 26 September 1965
Residence Moscow, Russia
Place of Birth  Cherepovets, Russia
Nationality Russian
Religion N/A
Ethnicity N/A
Zodiac Sign Libra
Day of Birth Sunday
Height 6 ft
Weight 76 kg
Siblings N/A
Education Bachelor of Arts/Science, Leningrad Institute of Economics
Master of Business Administration, University of Northumbria
Father’s name Aleksandr Mordashov 
Mother’s name Mariya Mordashov
Age 56 Years Old
Sexual Orientation Straight
Marital Status Married
Wife Name Elena Mordashova(m. 1986; div. 1996) Elena Mordashova
Children Kirill Mordashov, Ilya Mordashov, +4(name unknown)
Profession Entrepreneur, Businessman
Interested in Poetry, Art, and Winter games
Net worth $31.1 Billion
Investment Tele2 Russia, Power Machines, and Bank Rossiya
Social media InstagramFacebook
Last Update June, 2022

Alexey Mordashov Net Worth and Income

As per Forbes, Alexey Mordashov ranks first in the billionaires rank of Russia and 51st position in the World’s Richest Person.

The estimated net worth of Alexey Mordashov is around $31.1 billion.

Moreover, most of his income comes from the businesses he conducts within and outside Russia.

Similarly, he is a successful Entrepreneur and has a significant share in the steel company Severstal, where he also served as a CEO till 2015.

In addition, the businessman made €196,000 as Non-Executive Director at TUI in 2019.

Besides Severstal, the billionaire has also invested in Tele2 Russia, Power Machines, and Bank Rossiya.

Apart from being a successful businessman, Alexey is also a known philanthropist and donates money for various causes.

Net worth of Alexey Mordashov in Different Currencies

Currency Net Worth
Euro €26,282,610,000
Pound Sterling £22,570,825,000
Australian Dollar A$41,871,982,600
Canadian Dollar C$38,970,632,500
Indian Rupee ₹2,321,381,750,000
BitCoin ฿938,978

House, Cars, and Yacht

Houses

Alexey Mordashov has a house in Barvikha in Moscow, Russia. But still, details regarding his homes are not openly available.

Yachts

Alexey Mordashov has two yachts named My Nord and Lady M.

Moreover, My Nord has a maximum speed of 20 knots (37Kmph). It is powered by MTU, which he held in 2020. This yacht costs $500 million.

Similarly, My Nord yacht can accommodate 24 guests and 40 crew members at a minimum.

My Nord Yacht
My Nord Yacht

Moreover, Lady M is the first yacht in PJ 210 sports series. It is powered by 2 MTU, giving her a maximum of 28 knots (52Kmph).

Jets

Apart from the yacht, Alexey Mordashov also has his private jet. It’s worth $60 million in 2012.

His jet is called Bombardier Global 6000. Bombardier Aerospace, Canada, manufactured it. Moreover, it is an ultra-long-range business jet.

Lifestyle and Vacations

Alexey Mordashov has successfully kept his lifestyle private. Therefore, there is not much information about the businessman. Also, there is no news regarding his holidays.

But, he has huge interests in trying different hairstyles.

Moreover, the billionaire is also famous for his wonderful fashion sense.

Alexey Mordashov: Charity

Alexey Mordashov is also a renowned philanthropist and believes in social works and charity. So, he has been donating money for various social causes.

Similarly, he has sponsored the homeless children. Likewise, the billionaire also had a sponsor school, ‘Andriaka Watercolor.’

The Russian businessman has donated to the Tretyakov gallery. Similarly, he has also donated to the Moscow international film festival.

In addition, the billionaire has supported the Bolshoi theater, the Russian Museum, and Mariinsky theatre. Also, he has sponsored the Museum of frescoes of Dionysius.

Alexey Mordashov not only supported the development of the theatre but also help in the development of sports. He sponsored the Russian national Men Chess team also.

The billionaire also supported the “Severstal Cherepovets” super-League ice hockey team. In addition, he even sponsored the Dynamo Moscow women’s volleyball club.

Nonetheless, he has sponsored over 20 Russian sports facilities.

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Career

After completing his graduation as an economist from Leningrad Engineering-Economic Institute, he started his career.

Moreover, Alexey started working as an accountant in the Cherepovetskiy Metallurgical plant.

Similarly, in 1992, Alexey Mordashov was given the responsibility of Finance Director, briefly before the company was sold to the private.

Later, he brought the company’s shares when the plant’s elderly director told him to purchase the stake to keep them away from the hands of the outsiders.

After the company was privatized and rebranded as the Severstal joint-stock company, he bought significant shares.

Moreover, he was later appointed as the CEO of the company.

Alexey Mordashov with President Vladimir Putin
Alexey Mordashov with President Vladimir Putin

Later on, he established significant industrial facilities in different countries, but the base of Severstal remains in Cherepovets.

Moreover, his company became the twenty-fifth most significant production of steel throughout the world.

Later on, he conglomerated Severstal with Severstal Air, Vnukovo Moscow Airport, Cherepovets Airport, and more.

Furthermore, his Severstal company became profitable for him. It became a piece of financing equipment for him.

Alexey Mordashov purchased half of Tele2 Russia, one of the largest communication companies, in 2013.

He even became the chairman of the Nordgold and Power machine board, a large electricity machine producer.

He also became an active investor across many industries.

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Alexey Mordashov: Investments

By the year 2004, Alexey Mordashov started financing US-based steel companies by accruing Dearborn and Columbus’s companies’ ownership.

He received financial credit worth $370 million from the United States Department of Energy for purchasing these companies. But, unfortunately, it was later revoked due to growing political tension between the US and Russia.

Between 2004 and 2014, he, alongside Severstal, has invested up to $3 billion in both the Dearborn and Columbus manufactory.

In 2011, the businessman sold his various US assets in Ohio, Maryland, and West Virginia to the Renco Group.

Alexey with his wife
Alexey with his wife

By the fall of 2007, Alexey Mordashov also held the shares in TUI Travel.

Similarly, he holds 25% of the share by 2014 in TUI Travel and 24.9% in 2018 through his S-Group Travel. Since 2016, he has been serving as Supervisory board for the TUI group.

Along with a joint venture with POSCO, Severstal planned a multibillion project in eastern India.

But, later, it was opted out in 2008 due to environmental and land allowance-related matters.

He purchased 25% of the shares from Siemens in steam turbine manufacture power machine in 2011.

Alongside his partner, Yuri Kovalchuk, he owns 50% of the country’s 4th largest mobile phone operator company, Tele2 Russia.

Similarly, in 2011, Alexey was the only participant in Bilderberg Club at St. Moritz. In addition, the world Steel Association elected Mordashov as their chairman in 2012.

In 2012, London Stock Exchange-listed Nord Gold. Likewise, Nord gold received a license to embark on gold exploration in Siberia in 2013.

By June of 2013, he owned 6% of the Rossiya Bank, making him the fifth-largest shareholder.

Appointing COO Vadim Larin as a CEO of the Severstal, he stepped down from his duties as CEO in 2015.

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3 Interesting Fun Facts

At the Bolshoi Theatre, Alexey serves as a council member.

Alexey Mordashov’s wife’s name is Elena, which is also the name of his Ex-wife.

Alexey Mordashov has worked in a steel factory in Cherepovets, where his parents used to work as mill workers.

Quotes

“Building companies involves creating great wealth. So if that means I am an oligarch, OK, it’s fine. But if being an oligarch is about buying football clubs, it is not for me.”

“My wealth is reflected in the price of Severstal, and the number of shares I have in my possession doesn’t have any impact on the company.”

“My wealth is reflected in the price of Severstal, and the number of shares I have in my possession doesn’t have any impact on the company.”

“We appreciate the size, but only if it is robust growth. To be big is not a target.”

FAQs

How many children does Alexey Mordashov have?

Alexey Mordashov has seven children named Kirill, Nikita, Ilya. His other children’s names are not known yet.

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