Alexander Frolov
#1649

Alexander Frolov

Russia 62 years old Self-Made

Overview

Source of Wealth
Mining, steel
Residence
Moscow
Education
Moscow Institute of Physics and Technology (Ph.D)
Marital Status
Married
Children
1

Assets

  • Norilsk Nickel Mining & Metallurgica
    107,558,000 shares @ -
    -
    GMKN-RU
  • Renaissance Insurance Group
    19,549,000 shares @ -
    -
    RENI-RU
  • Yandex (MICEX)
    1,354,000 shares @ -
    -
    -

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.

About

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.