Billionaire Profile

Global Rank

#1519

Image: Public domain | via Wikimedia Commons

Alexander Frolov

CEO, Evraz PLC

Real-Time Net Worth

$2.6B

As of December 2025

Age

Source

Mining, steel

Industry

metals-mining

Citizenship

Biography

Aleksandr Vladimirovich Frolov is a Russian businessman with a background in physics and mathematics. He is best known for his leadership in the mining and steel industries. Frolov's career includes a Ph.D. from the Moscow Institute of Physics and Technology, a research fellow position, and an entrepreneurial journey. He served as the CEO of Evraz, a major steel producer, from 2007 until September 2021, during which the company became the largest Russian producer of coking coal. His estimated net worth is $2.6 billion, primarily from his wealth source, which is Mining and steel.

Wealth Over Time

Portfolio Holdings

Evraz PLC

London, United Kingdom

71,591 employees

Founded 1992

In-Depth Profile

Early Life

Aleksandr Vladimirovich Frolov was born on May 17, 1964. There is no information about his early years and childhood. Frolov graduated with honors from the Department of Molecular and Chemical Physics of the Moscow Institute of Physics and Technology in 1987. He received his Ph.D. in physics and mathematics from the same institute in 1991.

Rise to Success

After completing his education, Frolov worked at the Kurchatov Institute of Atomic Energy in Moscow. In 1994, Frolov became an entrepreneur. Frolov served as the CEO of Evraz, one of the largest steel producers, from 2007 until September 2021. During his tenure, Evraz's coal subsidiaries were consolidated under PJSC Raspadskaya in 2020, making it the largest Russian producer of coking coal.

Key Business Strategies

Frolov's main source of wealth comes from Mining and Steel. He also has stakes in Norilsk Nickel, the search engine Yandex, video streaming service Ivi, and Renaissance Insurance.

Philanthropy

Frolov was one of the sponsors of the restoration project of the Valaam Spaso-Preobrazhensky Monastery.

Career Milestones

1987

Graduated with honors

Department of Molecular and Chemical Physics of the Moscow Institute of Physics and Technology

1991

Received Ph.D.

Physics and Mathematics from the Moscow Institute of Physics and Technology

1994

Became an entrepreneur

Founded and ran several successful businesses.

2007

CEO of Evraz

Served as the CEO of Evraz, one of the largest steel producers, until September 2021

2020

Evraz's coal subsidiaries consolidated under PJSC Raspadskaya

Making it the largest Russian producer of coking coal

2022

Resigned from Evraz's board

Resigned from the board of directors in March 2022

Philanthropy & Social Impact

Religious

Valaam Spaso-Preobrazhensky Monastery

Undisclosed

Controversies & Challenges

2022

UK Sanctions

Frolov was sanctioned by the UK government in relation to the Russo-Ukrainian War