Alexey Mordashov & family

Alexey Mordashov & family is among the world's most closely watched billionaires from RUSSIA, with an estimated fortune of $36.9B. The bulk of Alexey Mordashov & family's wealth comes from Steel, investments, closely tied to Steel. Alexey Mordashov, born September 26, 1965, is a prominent Russian businessman and the main shareholder and chairman of Severstal, one of Russia's largest steel and mining companies. Mordashov's estimated net worth is $37.0 billion as of 2024, placing him among the wealthiest individuals in Russia. His wealth is primarily derived from his controlling stake in Severstal and investments in various sectors. Mordashov's career began at the Cherepovets Steel Mill, where his parents worked, and he rose through the ranks to become the CEO of Severstal, transforming it into a global producer. He holds an MBA from Northumbria University and has diversified his investments into mining, energy, machinery, and tourism. Key career milestones include Senior Economist (1988); Finance Director (1992); CEO (1996); Chairman of the Board (2002). This profile documents verified holdings, career milestones, and multi-year net worth history drawn from Forbes rankings, company filings where available, and our editorial methodology. Readers use it to understand how public markets, private company stakes, and major business bets shape one of the largest personal fortunes on record. Wealth estimates move with stock prices, funding rounds, and disclosed transactions—figures on this page are research estimates, not cash balances. We publish year-by-year net worth history when verified data exists, link to primary sources, and update profiles when Forbes Real-Time Billionaires or major filings change the picture materially. For investors and researchers, the most useful reading pairs the headline number with ownership structure, geography, sector exposure, and the multi-year history chart on this page—especially during volatile markets when single-day moves can shift rankings without any operational change at the underlying companies.