Alexander Vladimirovich Frolov, born in 1964 in Russia, is a billionaire industrialist known for co-founding the global steel and mining giant Evraz Group. Like his business partner, Alexander Abramov, his education was rigorously scientific, providing the perfect toolkit for mastering heavy industrial processes.

He graduated from the Moscow Institute of Physics and Technology (MIPT) in 1987 with a degree in physics, later earning a PhD in fluid dynamics. This deep technical specialization allowed him to excel in managing the operational and industrial complexities of the steel sector. After a short period in academia, Frolov quickly transitioned into the fast-paced world of commodity trading in the early 1990s, where he applied his analytical skills to identifying high-value assets during Russia’s chaotic privatization.

Alexander Frolov’s career is defined by his long and successful partnership with Alexander Abramov, beginning in the turbulent post-Soviet economy. The two co-founded the Evraz Group in 1999, consolidating fragmented and often distressed steel and iron ore facilities across Russia. Frolov’s operational expertise and rigorous scientific background were crucial for transforming these struggling assets into a cohesive, vertically integrated industrial enterprise.

As CEO of Evraz, Frolov drove the company’s aggressive global expansion and modernization. He oversaw the company’s listing on the London Stock Exchange in 2005, which secured his billionaire status. He was instrumental in managing major international acquisitions, including North American facilities, to create a truly global supply chain. Frolov transitioned from his CEO role to become a non-executive director, and ultimately a shareholder, continuing to influence the strategy of the multi-billion dollar conglomerate.

Alexander Frolov’s philanthropy is rooted in his technical and academic background. His charitable efforts are often channeled toward supporting scientific education and cultural institutions, reflecting the value he places on intellectual rigor and national heritage.

As a graduate of MIPT, he maintains ties to the academic and scientific communities, often supporting research and development in high-temperature physics and related fields. His core social contribution is the creation of a massive, professionalized, and technologically advanced industrial employer, which provided stability and global opportunity for thousands of workers. His influence is also felt in his non-executive advisory roles, helping to guide the future strategy of the major industrial enterprise he co-founded.