A lexander Abramov is a Russian industrial magnate who co-founded Evraz, one of Russia's largest steel and mining companies. A graduate of the Moscow Institute of Physics and Technology, Abramov began his career as a scientist before pivoting to business during the chaotic economic reforms of the post-Soviet era. He started by trading metals and coal before strategically acquiring stakes in struggling steel mills and coal mines.
His major breakthrough came with the consolidation of these assets into Evraz Holding, which he co-founded with Alexander Frolov and other partners. As the company's chairman, he oversaw its growth into a vertically integrated giant, with operations spanning from coal and iron ore mining to steel production and distribution. Evraz became a major global player, with assets in Russia, North America, and beyond, and was listed on the London Stock Exchange. Abramov's career is a prime example of the oligarchs who built vast industrial empires from the remnants of the Soviet industrial complex.
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Alexander Grigoryevich Abramov, born in 1959 in Moscow, Russia, is one of the nation's foremost steel and mining magnates and the co-founder of the giant Evraz Group. His academic background is rigorously scientific and technical, preparing him for a career in heavy industry and raw materials.
He graduated from the Moscow Institute of Physics and Technology (MIPT) in 1982 with a degree in physics and mathematics, followed by a PhD in high-temperature physics. This intellectual foundation provided him with the analytical discipline to succeed during the unpredictable post-Soviet privatization period. Unlike many peers, his entry into business was not immediate; he worked in academia as a researcher before capitalizing on the industrial chaos of the 1990s.
Alexander Abramov's career began in high-temperature physics research before he transitioned into commodity trading in the early 1990s. He initially worked as a trader, focusing on metals and steel, which were being rapidly privatized. His breakthrough came from expertly acquiring assets in the disorganized market, often purchasing steel from struggling factories and reselling it.
In 1999, Abramov founded the Evraz Group by consolidating several struggling steel and iron ore facilities across Russia. He successfully transformed these fragmented assets into a vertically integrated powerhouse, controlling everything from iron ore mines to final steel production. He led Evraz's aggressive expansion, taking the company public in London in 2005 and executing major acquisitions in the U.S. and Europe, including the purchase of Oregon Steel Mills and controlling stakes in major coking coal producers. Although he has reduced his public roles, he remains a key shareholder and a director of the multi-billion dollar conglomerate.
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Graduated from MIPT with a degree in physics, later earning a PhD in high-temperature physics.
Transitioned from academic research to commodity trading.
Co-founded the Evraz Group by consolidating scattered steel assets.
Oversaw Evraz's successful IPO on the London Stock Exchange.
Led major international acquisitions, notably Oregon Steel Mills.
Became subject to international sanctions due to his role in sectors of strategic significance to the Russian government.
Retains a key shareholder and director role in the steel and mining conglomerate Evraz.
Alexander Abramov's vast fortune is derived from his controlling stake in Evraz Group, one of the world's largest vertically integrated steel, mining, and vanadium companies.
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Alexander Abramov’s philanthropy is rooted in education, culture, and supporting the institutions that contributed to his intellectual foundation. His charitable efforts are often focused on long-term educational and scientific development.
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+0.17% | +$3.29M
+0.21% | +$4.04M
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