#48
Alexey Mordashov & family
Overview
- Source of Wealth
- steel, investments
- Industry
- Metals & Mining
- Residence
- Moscow
- Education
- Leningrad Institute of Economics (Master of Science in Engineering)University of Northumbria (Master of Business Administration)
- Marital Status
- Married
- Children
- 7
Assets
- Lenta Ltd384,151,000 shares @ --LNTA-RU
- Rostelecom96,544,718 shares @ --RTKM-RU
- Severstal JSC636,984,000 shares @ --CHMF-RU
- TUI390,813,544 shares @ --TUI1-DE
Biography
Alexey Mordashov, a majority shareholder in steel company Severstal, resigned as CEO in 2015 after 19 years in the role.
A year earlier, he sold all of Severstal's North American units to focus on the Russian business.
He also owns about 30% of TUI Group, one of the biggest travel and tourism companies in the world.
His Russian power equipment producer, Power Machines, which has a joint venture with Siemens, was hit by U.S. sanctions in 2018.
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.
About
Mordashov is a council member at the Bolshoi Theatre.