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#48 Billionaire

Alexey Mordashov & family

Alexey Mordashov & family
$30.5B
$-412M (-1.3%)
RU · Age 60
Source of wealth: steel, investments
Industry: metals-mining
Residence: Moscow, RU
{ "bio": [ "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." ] }

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