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Alexander Abramov

Alexander Abramov

A. Abramov
-5.46% | - $-326.44M
$5.65 B ₹ 51,392 Cr
Real Time Net Worth #733 Ranking as of 21 Feb 2026 By Forbes

More on Alexander Abramov

Gender

Male

Age

67Y

Country

Russia

Born On

February, 1959

Deceased

No

Relationship Status

Married

Children

3

Education

Moscow Institute Of Physics And Technology

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Steel, Mining)

Primary Organization

Evraz

Titles

Co-Founder

Sources of Wealth

Evraz

Industry

Metals, Mining, Steel

About Alexander Abramov


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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Quick Reads


  • Co-founder and former chairman of Evraz, a leading Russian steel and mining company.
  • A former scientist, he transitioned to business by trading metals in the 1990s.
  • Built Evraz by consolidating stakes in various steel and mining assets.
  • Evraz is a vertically integrated company with international operations.
  • He was among a group of Russian oligarchs sanctioned by Western governments following the 2022 invasion of Ukraine.

Early Life and Background


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.

Career Journey of Alexander Abramov


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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Alexander Abramov's Timeline


1982:

Graduated from MIPT with a degree in physics, later earning a PhD in high-temperature physics.

1990s (Early):

Transitioned from academic research to commodity trading.

1999:

Co-founded the Evraz Group by consolidating scattered steel assets.

2005:

Oversaw Evraz's successful IPO on the London Stock Exchange.

2006–2007:

Led major international acquisitions, notably Oregon Steel Mills.

2022:

Became subject to international sanctions due to his role in sectors of strategic significance to the Russian government.

Ongoing:

Retains a key shareholder and director role in the steel and mining conglomerate Evraz.

Major Business Ventures and Investments


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.

  • Evraz Group (Co-founder & Shareholder): The core asset, with operations spanning Russia, the U.S., Canada, and Kazakhstan. The company is a crucial supplier of long steel products and railway tracks. He and his partners controlled the majority of the company until the 2022 sanctions.
  • Strategic Asset Integration: Abramov built Evraz on the principle of vertical integration, ensuring the company controlled its entire supply chain, from the iron ore and coal mines to the processing plants.
  • Other Ventures: Through his private entities, his family also holds interests in various real estate and investment assets, often co-investing with his long-time business partner, Alexander Frolov.

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Philanthropy and Social Impact


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.

  • Educational Support: He is a major patron of his alma mater, the Moscow Institute of Physics and Technology (MIPT), contributing significantly to its development and maintaining his ties to Russian science.
  • The Arts and Culture: He has engaged in various cultural patronage activities, supporting institutions that preserve Russian arts and intellectual heritage.
  • Corporate Contribution: His primary contribution to society is through the immense industrial scale of Evraz, which is a major employer across multiple countries and a foundational supplier to global infrastructure. His work in consolidating and professionalizing the steel industry provided stability to thousands of workers.

Fashion, Style, and Lifestyle


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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He holds a PhD in high-temperature physics from the Moscow Institute of Physics and Technology (MIPT).
  • He built his empire by shifting from an academic researcher to a commodity trader in the early 1990s.
  • His core asset, Evraz, is one of the world’s largest suppliers of railway tracks and long steel products.
  • He and his partner, Alexander Frolov, were the major shareholders of Evraz, with their wealth tied to the company's valuation.
  • He oversaw the acquisition of Oregon Steel Mills in the U.S., marking a major expansion into North American markets.
  • Evraz's IPO on the London Stock Exchange in 2005 secured his status as a Russian billionaire.
  • He is a major donor and patron of his alma mater, MIPT.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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