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Alexey Mordashov Net Worth




What is Alexey Mordashov’s net worth?

Net Worth:$20 Billion
Date of Birth:Sep 26, 1965
Profession:Businessperson, Investor

Alexey Mordashov is a Russian billionaire businessman.

Mordashov is the main shareholder and chairman of Severstal, a Russian conglomerate with interests in metal, energy, and mining companies.

As of 2021, Alexey Mordashov’s net worth is estimated to be $11 billion.

Early Life 

Alexey Alexandrovich Mordashov was born on the 26th of September, 1965, in Cherepovets, Russia.

Mordashov is the son of parents who were both steel mill workers.

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


In 1988, Mordashov started working in the steel plant in his home town as an accountant. When his company privatized and became the Severstal joint-stock company, he bought up its shares. In 1996, Mordashov became the General Director of Severstal.

Even though Mordashov has acquired major industrial facilities throughout Russia, Ukraine, Kazakhstan, France, Italy, America, and Africa, Severstal’s headquarters remains in Cherepovets.

His company, Severstal, is among the twenty-five largest producers of steel in the world. He has built Severstal into a conglomerate with holdings in Severstal Air, Vnukovo Moscow Airport, Cherepovets Airport, and more. 

Severstal Group is Mordashov’s investment arm. In 2013, he bought up half of Tele2 Russia, the fourth largest cell phone company. He is the Chairman of the Board of Nordgold and Power Machines, a large electricity machine maker. 

As of 2021, Alexey Mordashov’s net worth is $11 billion.


Here are some of the best highlights of 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)

Favorite Quotes From Alexey Mordashov 

“My wealth is reflected in the price of Severstal, and the number of shares I have in my possession doesn’t have any impact on the company.” – Alexei Mordashov

“In a literal sense, even a private company, of course, cannot do everything that it wants without some discussion with the government. As a good corporate citizen, Severstal discussed the idea of a merger with Arcelor with the Russian government.” – Alexei Mordashov

“When we put $4 billion into the U.S. economy, they were OK with this. When we preserved jobs in Dearborn, or preserved jobs in Columbus, or preserved jobs in Pennsylvania, everyone was happy.” – Alexei Mordashov

“Building companies involves creating great wealth. If that means I am an oligarch, OK, it’s fine. But if being an oligarch is about buying football clubs, it is not for me.” – Alexei Mordashov

“We believe that the business system only is the key to success. It’s no miracle, only day-to-day work in the appropriate way.” – Alexei Mordashov

3 Powerful Lessons From Alexey Mordashov 

Now that you know all about Alexey Mordashov’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him:

1. Be A Legend 

Do something worth remembering.

2. Lost Opportunities 

There is no use going back looking for the lost opportunity; someone else has found it.

3. Share Happiness 

Happiness is not perfected until it is shared.


Alexey Mordashov is a businessman who is one of the richest people in Russia. Mordashov is best known for being the chairman and shareholder of Severstal. 

As of 2021, Alexey Mordashov’s net worth is estimated to be $11 billion.

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