Alexander Frolov

Net worth over time

Biography

• Alexander Frolov resigned as chief executive of multinational steel company Evraz, in which he still holds a nearly 10% stake.
• He and his partner, Alexander Abramov, sold a 40% stake in Evraz to billionaire Roman Abramovich in 2006 for more than $3 billion.
• He also has stakes in Norilsk Nickel, search engine Yandex, video streaming service Ivi and Renaissance Insurance.
• In March 2022 he resigned as director of the Evraz's board after his partner Roman Abramovich was hit by U.K. sanctions. Frolov himself went under U.K. sanctions in November 2022.
• Frolov, who has a doctorate in physics and mathematics, got his start working as a research fellow at the I.V. Kurchatov Institute of Atomic Energy.
• Frolov was one of the sponsors of the restoration project of the Valaam Spaso-Preobrazhensky Monastery.

Financial assets