7 Interesting Facts About Alexey Mordashov
With an estimated fortune of $20 billion in the bank, Alexey Mordashov is one of the richest people on Earth. He’s the main shareholder in Severstal, a Russian mega conglomerate dealing in metal, coal and mining. Not much is known about Alexey however, so let's take a look at seven interesting facts about the Russian billionaire...
1.He Grew Up Poor
Alexey Mordashov’s parents were steel mill workers. A tough job without much pay. They would have to work back breaking amounts of hours to support their son. His family had to get by on welfare coupons and were only allowed 200g of butter and 400g of sausages per month. Hardly enough for a family of three,
2.He Studied In England
From an early age, Alexey had a talent for economic engineering and was sent to Leningrad University to train. After he finished in Leningrad with top honours, he studied at Northumbria University, Newcastle to gain his MBA in engineering. Mordashov looks back fondly on his educational experience and encourages others to study and start careers. He gives talks and seminars about his experience growing up. After he finished his studies he actually joined the very same steel works his parents worked at.
3.He Bought the Factory He Worked At
When he started at his mum and dad’s factory during the 1980s he was a simply an economist. In just four short years he became the company’s finance director just before it was privatised. In a stroke of genius, to stop outsiders taking over his beloved factory, he set up investments funds and acquired all the workers shares. In 1996, just 8 years into his career, he was CEO.
4.He Started Severstal and Built a Conglomerate
He was a very successful CEO and began investing in US steel companies. He quickly acquired companies right across the States making a name for himself. This was the start of his rise to becoming a billionaire.
5.He Invested $3 Billion in 10 years
The richest people on earth know how to invest. From 2004 to 2014, Alexey invested huge sums of money into various US coal, steel and mining companies. The gamble paid off as Mordashov sits currently in 4th place on the list of richest people in the world.
6.He Could Become the World’s First Trillionaire
There’s currently a race to become the world’s first trillionaire. With Jeff Bezos, Bill Gates, Warren Buffet and Mark Zuckerberg all involved, Mordashov is going to find it hard to wi the race. He has a chance, however, as he’s Russia's richest man and owns shares in mobile phone companies and even banks. With many more investments surely in the pipeline who knows how much money he’ll make in the next five years?
7.He Been Married Twice
On a more personal level, Alexy has been married twice. It was revealed in court that he only paid his ex wife $700 a month in child support benefits. He currently has more children with his current wife, Elana.