Alexey Mordashov & family
$28.6B
Born
Sep 26, 1965
Age
59
Source of Wealth
Steel, investments
Residence
Moscow,
Citizenship
Russia
Marital Status
Married
Children
7
Education
Master of Science in Engineering, Leningrad Institute of Economics; Master of Business Administration, University of Northumbria
- Alexey Mordashov is the majority shareholder in steel company Severstal, which he ran as CEO for 19 years before resigning in 2015.
- Hit by sanctions in 2022, he immediately transferred ownership of key assets, including shares of leisure company TUI and mining outfit Nordgold.
- Severstal, in which he still has a 77% stake, lost more than $400 million in 2022 due to Western sanctions, according to Mordashov.
- Severstal sold off two U.S. steel plants in 2014, withdrawing from the market at a time of rising tensions between Russia and the West, and turned its focus to its domestic business.
- The son of mill workers, Mordashov rose to become the finance director of a steel mill.
- When the plant's elderly director instructed him to acquire shares to keep them from an outsider, Mordashov kept most of them for himself.
- Mordashov is a council member at the Bolshoi Theatre.
- His yacht, Lady M, and a $115 million villa in Sardinia were both frozen by Italian police. His new yacht Nord, meanwhile, was spotted in the Maldives in November.
| Exchange | Ticker | Company Name | Number Of Shares | Share Price | Currency Code |
|---|---|---|---|---|---|
| MICEX | LNTA-RU | Lenta International (MICEX) | 76,111,000 | 14.77 | RUB |
| MICEX | RTKM-RU | Rostelecom | 96,545,000 | 0.78 | RUB |
| MICEX | CHMF-RU | Severstal JSC | 645,295,000 | 14.89 | RUB |
| LONDON | TUI-GB | TUI | 55,179,000 | 7.54 | GBP |