What is Alexey Mordashov’s Net Worth?


Alexey Mordashov is a Russian billionaire businessman.

Severstal is a Russian conglomerate that has interests in mining, energy, and metal. Mordashov is its main shareholder.

Alexey Mordashov’s net worth is estimated at $20 billion as of August 2022.

Early Life

Alexey Alexandrovich Mordashov was born in Cherepovets (Russia) on September 26, 1965.

Mordashov was the son of two steel mill workers’ parents.

Mordashov graduated with a bachelor’s degree from the Leningrad Engineering-Economical Institute, currently known as ENGECON. In 2001, he received an MBA from Northumbria University, Newcastle upon Tyne in England.


Mordashov began his career as an accountant in the local steel plant in 1988. He bought the shares of his company when it became the Severstal joint stock company. Severstal’s General Director was Mordashov in 1996.

Despite Mordashov’s acquisition of major industrial facilities in Russia, Ukraine and Kazakhstan, France, Italy. In America and Africa, Severstal’s headquarters is still located in Cherepovets.

Severstal is one of the largest steel producers in the world. Severstal has been transformed by him into a conglomerate that includes Severstal Air and Vnukovo Moscow Airport.

Severstal Group, Mordashov’s investment arm, is Severstal Group. He bought half of Tele2 Russia in 2013, the fourth-largest cell phone company. He is also the Chairman of Nordgold and Power Machines’ Board of Directors, which are large manufacturers of electric machines.


These are some of the greatest highlights from Alexey Mordashov’s career:

  • He is the main shareholder and chairman of Severstal
  • Nord Gold N.V. (2012)
  • Mordashov was elected as chairman of the World Steel Association (2012)

Three Powerful Lessons From Alexey Mordashov

Now that you’re familiar with Alexey Mordashov and his net worth, let’s look at some of his lessons.

1. Be A Legend

Do something that will be remembered.

2. Chances lost

It is futile to go back and search for lost opportunities; someone else has it.

3. Share Happiness

Sharing happiness is the only way to achieve happiness.

Favorite Quotes From Alexey Mordashov

The price of Severstal reflects my wealth. The number of shares in my possession has no impact on the company.

A private company cannot do all it wants without having a discussion with the government. Severstal, a corporate citizen, discussed the possibility of merging with Arcelor with Russia.