What is Alexey Mordashov Net Worth 2024: Sources of Wealth, Income/Salary & More

What is Alexey Mordashov Net Worth 2024 Sources of Wealth, IncomeSalary & More

Alexey Mordashov, one of Russia’s wealthiest individuals, has a net worth of $20 billion. Discover how this business magnate amassed his fortune through strategic investments and ventures. Learn more from World of CEOs.

Quick Facts

Real NameAlexei Alexandrovich Mordashov
Popular NameAlexei Mordashov
Birth DateSeptember 26, 1965
ParentsAleksandr Mordashov, Mariya Mordashova
BirthplaceCherepovets, Russia
EducationLeningrad Engineering-Economical Institute, Northumbria University
Marital StatusMarried
Sexual OrientationStraight
Wife/SpouseElena Mordashova (second wife)
ChildrenKirill Mordashov, Ilya Mordashov
Net Worth$20 billion
Source of WealthSeverstal, investments

What is the Net Worth Of Alexei Mordashov in 2024?

What is the Net Worth Of Alexei Mordashov in 2024

As of 2024, Alexei Mordashov’s net worth stands at a staggering $20 billion. This positions him among the wealthiest individuals in Russia.

Comparatively, his net worth aligns closely with Leonid Mikhelson and Dilip Shanghvi, both of whom also hold a net worth of $20 billion.

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In the realm of Russian billionaires, Vladimir Lisin follows closely with $19 billion.

Mordashov’s wealth is primarily driven by his extensive holdings in Severstal and his diversified investments across multiple industries. His strategic investments and successful business ventures have solidified his standing as a leading figure in the global financial landscape.

Finance Overview of Alexei Mordashov

Finance Overview of Alexei Mordashov

Sources of Alexei Mordashov’s Wealth

Alexei Mordashov has amassed a vast fortune through various sources. His primary wealth generator is Severstal, the largest steel and mining company in Russia.

Beyond this, he has diversified his portfolio, investing in multiple sectors including tourism, machinery, and gold mining. This strategic diversification has not only increased his wealth but also provided stability against market fluctuations.

Severstal: The Foundation of Mordashov’s Wealth

Severstal is undoubtedly the cornerstone of Mordashov’s wealth. The company, which started as a small steel plant, has grown into a global conglomerate under his leadership.

Mordashov’s journey with Severstal began when he joined the company as an economist. He quickly rose through the ranks, becoming the finance director and eventually the CEO.

Under his stewardship, Severstal has achieved numerous financial milestones, making it a dominant player in the global steel industry.

His ownership of 79.2 percent of Severstal has been a significant contributor to his net worth.

Diversification of Investments

Mordashov’s financial acumen extends beyond Severstal. He has strategically invested in several other ventures, ensuring a broad and resilient investment portfolio. Notable investments include:

  • TUI Group: A major player in the tourism and shipping industry, where Mordashov holds a 24.9 percent stake.
  • Siloviye Mashiny: An industrial machinery maker fully controlled by Mordashov.
  • Nordgold: A gold mining company where he owns 91 percent of the shares.
  • Utkonos: An online supermarket in which Mordashov has a major stake.
  • Sveza: A leading plywood manufacturer.
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These investments highlight Mordashov’s keen eye for profitable ventures across diverse sectors.

Impact of Sanctions on Net Worth

The geopolitical landscape has posed significant challenges for Mordashov. The EU and US sanctions, primarily due to Russia’s 2022 invasion of Ukraine, have directly impacted his wealth.

His assets have been frozen, and some of his prized possessions, like the yacht Lady M, have been seized.

Despite these setbacks, Mordashov has taken steps to mitigate the impact, such as shifting his investments to less exposed regions and leveraging offshore accounts.

Philanthropic Efforts

Mordashov is not just a business magnate but also a philanthropist. His contributions to arts and culture are noteworthy, with significant sponsorships to institutions like the Bolshoi and Mariinsky Theatres.

These philanthropic efforts have bolstered his public image, demonstrating a commitment to giving back to society.

Personal Life and Wealth Management

Alexei Mordashov’s personal life has played a crucial role in his financial strategies. Born to humble beginnings, his journey to the top has been marked by resilience and strategic decision-making.

His early life experiences, growing up in a family of steel mill workers, instilled in him the value of hard work and perseverance.

Today, Mordashov manages his wealth meticulously, ensuring his assets are well-protected and strategically invested.

FAQs about Alexey Mordashov

FAQs about Alexey Mordashov

Who is Alexey Mordashov?

He is one of Russia’s wealthiest businessmen. He’s the chairman of Severstal, a major steel and mining company.

Born in 1965, Mordashov has built a significant empire and has interests in various industries.

What is Alexey Mordashov’s net worth?

As of 2024, his net worth is estimated to be around $20 billion. His wealth primarily comes from his stake in Severstal and other investments.

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How did Alexey Mordashov make his fortune?

Mordashov made his fortune through Severstal, where he started as a financial director and eventually became CEO.

He transformed the company into one of the world’s leading steel producers and diversified his investments into various sectors, including energy, banking, and tourism.

What companies does Alexey Mordashov own?

Mordashov owns several companies and has stakes in various industries. Some of his notable holdings include:

  • Severstal (Steel and mining)
  • Nordgold (Gold mining)
  • TUI Group (Travel and tourism)

Is Alexey Mordashov involved in politics?

He is not directly involved in politics, but he has close ties with the Russian government. His business success and connections have made him a significant figure in Russia’s economic landscape.

Where does Alexey Mordashov live?

He splits his time between Moscow and London. He owns properties in both cities, along with other international residences.

What is Alexey Mordashov’s educational background?

Mordashov graduated with a degree in Economics from the Leningrad Engineering-Economical Institute (now Saint Petersburg State University of Economics). He also holds an MBA from Northumbria University in the UK.

What philanthropic activities is Alexey Mordashov involved in?

He is known for his philanthropy, particularly in education and healthcare. He has funded several projects through his Severgroup Charitable Foundation, supporting cultural, social, and educational initiatives in Russia.

Has Alexey Mordashov faced any controversies?

Like many oligarchs, he has faced controversies, particularly regarding the rapid privatization of state assets in the 1990s. However, he has largely managed to avoid major scandals.

What are Alexey Mordashov’s hobbies?

Mordashov enjoys sailing and has participated in several yacht races. He’s also known for his interest in classical music and often supports cultural events in Russia.


Alexey Mordashov’s financial journey highlights strategic investments and resilience. To explore the net worth of other top billionaires today, visit worldofceos.com.

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