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Abramov
Alexander Abramov
Rank #710
RUSSIA•Metals & Mining•Steel, mining

Alexander Abramov

Net Worth
$5.831B
0% (24h)
Alexander Abramov, born in 1959, is a Russian businessman known for his pivotal role in the steel and mining industries. He is the co-founder of Evraz, one of Russia's largest steel producers. His estimated net worth is $5.8 billion as of March 2026. Abramov's source of wealth is primarily from steel and mining. His career began in research before transitioning into metal trading, leveraging the post-Soviet economic climate to build a vast industrial empire. Abramov served as chairman of Evraz until March 2022, when he resigned due to sanctions. He holds a Ph.D. from the Moscow Institute of Physics and Technology.

How to read Alexander Abramov's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Alexander Abramov, we anchor the narrative to Steel and Steel, mining, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $5.831B alongside global rank #710, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (RUSSIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life and Education

Alexander Grigoryevich Abramov was born on February 20, 1959, in Moscow, Russia, USSR. He graduated from the Moscow Institute of Physics and Technology (MIPT) with a degree in physics and mathematics and earned a Candidate of Sciences degree in physics and mathematics in 1985. Abramov's early career involved working in Russia's space and defense program and later at the Institute of High Temperatures at the USSR Academy of Sciences.

Rise to Success

Abramov transitioned into the business world after the decline of government funding. In 1992, he co-founded Evrazmetall, a precursor to Evraz Holding, to trade metals and coal from the Urals and Siberia. He capitalized on the economic turmoil following the Soviet Union's dissolution and Russia's 1998 financial crisis, acquiring distressed steel assets. He served as chairman of Evraz's board of directors until March 2022.

Key Business Strategies

Abramov's strategy involved acquiring and consolidating steel and mining assets, particularly after the 1998 financial crisis. He expanded Evraz into a global enterprise with operations in Russia, North America, and Europe. He focused on vertically integrating the business to control the supply chain and improve operational efficiency.

Philanthropy

Abramov is also involved in philanthropic endeavors. He established the Charitable Foundation for the Development of Innovative Education in the Field of Natural Sciences, which provides scholarships to students at the Moscow Institute of Physics and Technology (MIPT).

Career Timeline

2022

Resigned as Chairman of Evraz

Resigned from his position due to sanctions.

2005

Evraz Listed on LSE

Evraz Group listed on the London Stock Exchange.

1998

Acquired Steel Companies

Bought up steel companies and coal mines after the Russian financial crisis.

1992

Founded Evrazmetall

Founded Evrazmetall, a precursor to Evraz Holding, to trade metals and coal.

Philanthropic Impact

EducationUndisclosed

Charitable Foundation for the Development of Innovative Education in the Field of Natural Sciences

Provides scholarships to students at the Moscow Institute of Physics and Technology (MIPT).

Key Business Ventures & Holdings

CompanyStakeValue
Evraz19.32%—

Net Worth History

In-Depth Analysis

Early Life and Education

Alexander Grigoryevich Abramov was born on February 20, 1959, in Moscow, Russia, USSR. He graduated from the Moscow Institute of Physics and Technology (MIPT) with a degree in physics and mathematics and earned a Candidate of Sciences degree in physics and mathematics in 1985. Abramov's early career involved working in Russia's space and defense program and later at the Institute of High Temperatures at the USSR Academy of Sciences.

Rise to Success

Abramov transitioned into the business world after the decline of government funding. In 1992, he co-founded Evrazmetall, a precursor to Evraz Holding, to trade metals and coal from the Urals and Siberia. He capitalized on the economic turmoil following the Soviet Union's dissolution and Russia's 1998 financial crisis, acquiring distressed steel assets. He served as chairman of Evraz's board of directors until March 2022.

Key Business Strategies

Abramov's strategy involved acquiring and consolidating steel and mining assets, particularly after the 1998 financial crisis. He expanded Evraz into a global enterprise with operations in Russia, North America, and Europe. He focused on vertically integrating the business to control the supply chain and improve operational efficiency.

Philanthropy

Abramov is also involved in philanthropic endeavors. He established the Charitable Foundation for the Development of Innovative Education in the Field of Natural Sciences, which provides scholarships to students at the Moscow Institute of Physics and Technology (MIPT).

Data Sources & Methodology

Figures for Alexander Abramov are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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