Alexander Abramov
Alexander Grigoryevich Abramov (Russian: Александр Григорьевич Абрамов, born 1959) is a Russian former scientist who became an industrial magnate as one of the two heads of Evraz, Russia’s largest steel producer. Beginning in 1998, at one point he had amassed the largest steel and iron empire in Russia, which employed 125,000 people, controlling about 22 percent of the country’s total steel output with an annual turnover of $20 billion. A business partner and ally of Aleksandr Frolov and Roman Abramovich, Abramov was in March 2015 listed by Forbes as having an estimated net worth of $4.3 billion.[1]
- Alexander Abramov is chairman of steel company Evraz, which is also his biggest holding.
- In 2017, he and partners Roman Abramovich and Alexander Frolov bought a 24.5% stake in Transcontainer, the largest Russian container railway operator.
- Abramov got his start as the head of a research lab before the collapse of the Soviet Union.
- In 1992, he founded a precursor to Evraz Holding and made a fortune exporting metals and coal from the Urals and Siberia.
- After the 1998 Russian financial crisis, he bought up hobbled steel companies on the cheap, including two U.S. firms, Claymont Steel and Oregon Steel.
