Age, Biography and Wiki

Alexander Abramov (Alexander Grigoryevich Abramov) was born on 20 February, 1959 in Moscow, USSR, is a Russian billionaire businessman. Discover Alexander Abramov's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 65 years old?

Popular As Alexander Grigoryevich Abramov
Occupation Businessman
Age 65 years old
Zodiac Sign Pisces
Born 20 February, 1959
Birthday 20 February
Birthplace Moscow, USSR
Nationality Russia

We recommend you to check the complete list of Famous People born on 20 February. He is a member of famous Businessman with the age 65 years old group. He one of the Richest Businessman who was born in Russia.

Alexander Abramov Height, Weight & Measurements

At 65 years old, Alexander Abramov height not available right now. We will update Alexander Abramov's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
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Who Is Alexander Abramov's Wife?

His wife is Married

Family
Parents Not Available
Wife Married
Sibling Not Available
Children 3

Alexander Abramov Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Alexander Abramov worth at the age of 65 years old? Alexander Abramov’s income source is mostly from being a successful Businessman. He is from Russia. We have estimated Alexander Abramov's net worth, money, salary, income, and assets.

Net Worth in 2024 6 billion USD (2020)
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

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Timeline

1959

Alexander Grigoryevich Abramov (Александр Григорьевич Абрамов, born 1959) is a Russian businessperson, who until March 2022 was the Chairman of the Board of directors of Evraz, one of Russia's largest steel producers.

Abramov was born in 1959 in Moscow, Russia, USSR.

He is of Jewish descent.

He graduated from the Moscow Institute of Physics and Technology with a degree in physics and mathematics.

He first worked for Russia's space and defense program before becoming a metal trader after government funding declined.

1990

Unlike the first wave of politically connected oligarchs, such as Mikhail Khodorkovsky and Vladimir Potanin, Abramov had neither political leverage nor financial resources to help him benefit from Russia's chaotic privatisation of the 1990s.

Trading was a popular and quick way to make money in Russia in the early 1990s.

The economy was shrinking, non-payment was a chronic problem and any offer of cash from a trader was welcomed by factories.

1997

By 1997, trading was less profitable and many trading companies, including Abramov's, were owed large sums by producers.

Abramov began buying factories and swapped debt for equity in the Nizhny Tagil steel mill, while also buying stakes in its rail-producing plant from other shareholders.

While the first wave of Russian oligarchs grabbed whatever assets they could, Mr Abramov acquired them in a much more focused way.

He decided to build a monopoly for rail and steel construction products and looked for factories that would give him synergies.

The only other big factories making these products were in the industrial region of Kemerovo, also home to Russia's largest coalmines.

Using his old trading contacts with coalmine bosses, Abramov was introduced to Aman Tuleev, populist governor of the region.

1998

Since 1998, he has amassed one of the largest steel and iron empire in Russia, which employed 71,591 people around the world, with steel output of 13,57 million tones and turnover of $14,1 billion in 2021, leading to him be widely considered a Russian oligarch.

A business partner and ally of Aleksandr Frolov and Roman Abramovich, Abramov was in June 2021 listed by Forbes as having an estimated net worth of $8.0 billion.

EVRAZ is a product of Russia's growth since the 1998 financial crisis and Abramov is representative of the second wave of Russian magnates who went into business after the best assets had been taken.

The two factories Abramov was interested in were in bankruptcy in 1998.

Salaries had not been paid for up to eight months and strikes were breaking out.

Tuleev needed good managers.

Abramov needed the two factories and soon a deal was made.

As a state creditor, Tuleev would help appoint external managers loyal to EvrazHolding to run the steel mills.

Abramov would pay salaries and taxes, guarantee jobs and support Tuleev's social projects.

2000

In 2000-s Evraz-Holding has emerged as one of the most aggressive vertically integrated business groups in Russia and worldwide.

Its assets now include ore mines and steel mills in Russia, steel mills in North America and Kazakhstan, as well as Russian coal company PJSC Raspadskaya.

2005

In June 2005 EvrazHolding was listed on the London Stock Exchange.

Five months later, Abramov resigned as group president but remains a member of the board.

2007

In 2007 EVRAZ acquired Oregon Steel Mills and Claymont Steel.

2018

Abramov is named in the Countering America's Adversaries Through Sanctions Act released by US Treasury in January 2018.

Sanctioned by the UK government in 2022 in relation to Russo-Ukrainian War.

He is married with three children, and lives outside of Russia.

His hobbies include fishing, swimming, tennis.

2019

In 2019, Abramov alongside other directors, sold $160m worth of shares in the company.

He resigned from the board of EVRAZ plc in March 2022.

He used his contacts with Russia's steel mills, which used high-temperature technologies, and offered his services not as a scientist but as a metal trader.