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Alexey Mordashov Net Worth

Alexey Mordashov Net Worth

Alexey Mordashov Net Worth $12.8 Billion

According to Forbes, he’s ranked 73rd in the listing of World Billionaires as well as the 11th richest man in Russia. His business career began in 1988 when he joined Cherepovetskiy Metallurgical Plant as an economist. Soon before the business was privatized, he served as the finance director in 1992. Forbes founded his investment fund and bought up shares in the firm. Later on he has amassed the greatest stake in the steel mill. Forbes became the general director in 1996. Mordashov additionally built the Severstal, a mining conglomerate that gets steel, coal and mining firms. It has been a successful business until it began selling several of their U.S.-based plants for an nearly 50% loss to a Russian conglomerate. In 2011, he’s raised his stake within an equipment manufacturer, Power Machine, and has bought a 25% stake from Siemens. In the year 2012, Alexey Mordashov formed a brand new company that went public in the London Stock Exchange, after he was done together with the spin off of the Severstal’s gold mining assets. Formerly, he sold three of the money-losing steel plant for $1.2 billion to fellow billionaire Ira Rennert’s Renco Group. Alexey held on to two of his several plants in Columbus, Mississippi and Dearborn, Michigan.

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