Thursday, 26 April 2012

45.Alexei Mordashov

Alexei Mordashov
Net Worth
$15.3 B As of March 2012
At a Glance
  • Age: 46
  • Source of Wealth: steel, investments, self-made
  • Residence: Moscow, Russia
  • Country of Citizenship: Russia
  • Education: Bachelor of Arts / Science, Leningrad Institute of Ec; Master of Business Administration, University of Northumbria
  • Marital Status: Divorced
  • Children: 5
Forbes Lists
Boss of steelmaker Severstal sold 3 lossmaking U.S. steel plants to fellow billionaire Ira Rennert's Renco Group for $1.2 billion in May 2011, half of what he paid for them in 2008. He held on to 2 plants in Columbus, Miss. and Dearborn, Mich. Severstal secured a $730 million loan from the U.S. Department of Energy to refurbish and expand the Dearborn operations. The loan drew sharp criticism from Republicans. He increased his stake in equipment maker Power Machines, buying a 25% stake from Siemens last year. He now plans to spin off Severstal's gold-mining assets, combining them into his Nord Gold, which is set to go public on the LSE. Son of mill worker parents he became finance director of a steel mill. When the plant's elderly general director instructed him to buy up company shares so it would not fall into the hands of an outsider, Mordashov bought most of them himself. [...] more

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