⬅ # 378 Alain Bouchard|# 380 Frederik Paulsen

# 379 Alexander Abramov 


Real Time Net Worth
as of 4/20/2024
$3.5M (0.05%)

# 379 Alexander Abramov 


Real Time Net Worth
as of 4/20/2024
$3.5M (0.05%)
OccupationCofounder and Chair, Evraz
Source of WealthSteel, Mining
ResidenceMoscow, Russia
Marital StatusMarried
EducationPh.D, Moscow Institute of Physics and Technology
Age-Adjusted Net Worth$5.11B
Alexander Abramov
Alexander Abramov
Net worth: $7.17B

Self-Made Score 

Wealth History

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Early Life and Education

Alexander Grigoryevich Abramov, born in 1959 in Moscow, USSR, is of Jewish descent.
He graduated from the Moscow Institute of Physics and Technology with a degree in physics and mathematics.
Initially involved in Russia's space and defense program, he transitioned to metal trading as government funding declined.


Abramov's career saw him emerging as a significant figure in Russia's steel industry, particularly post the 1998 financial crisis.
In 1992, he founded a precursor to Evraz Holding, focusing on metal and coal exports from the Urals and Siberia.
Post the 1998 Russian financial crisis, he strategically acquired struggling steel companies, including Claymont Steel and Oregon Steel.
EVRAZ Holding, under his leadership, expanded aggressively, becoming one of Russia's largest vertically integrated business groups by the 2000s.
In 2017, Abramov was honored with the Decoration For Beneficence by Russian President Vladimir Putin for his philanthropic endeavors.
Abramov sold $160 million worth of shares in EVRAZ plc in 2019 before resigning from its board in March 2022.

Commercial Entrepreneurship

Initially leveraging his connections in Russia's steel industry, Abramov transitioned from trading to strategic acquisitions.
He focused on building a monopoly in rail and steel construction products, seeking synergies in acquisitions.
Acquisitions included distressed factories, with a notable deal in 1998 involving bankruptcy-hit factories in partnership with the governor of Kemerovo.
EVRAZ's acquisition strategy continued with significant purchases like Oregon Steel Mills and Claymont Steel in 2007.


Abramov has faced sanctions, notably by the UK government in 2022 in relation to the Russo-Ukrainian War.
He was also under sanctions in New Zealand since 2009.
Additionally, he was named in the Countering America's Adversaries Through Sanctions Act by the US Treasury in January 2018.

Personal Life

Alexander Abramov is married with three children and resides outside of Russia.
His interests include fishing, swimming, and tennis.

How long would it take you to become as rich as Alexander Abramov?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Alexander Abramov's net worth of $7.17B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 34.07% compared to 5.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Alexander Abramov is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Alexander Abramov, Steel and Mining are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey