Alexei Mordashov

Alexei Mordashov, born on September 26, 1965, is a prominent Russian businessman and entrepreneur, best known as the main shareholder and chairman of Severstal, the largest steel and mining company in Russia. With a career spanning several decades, he has established himself as a key figure in the metallurgical industry.

In March 2026, Mordashov regained his status as one of Russia's wealthiest individuals, with an estimated net worth of approximately thirty-seven billion dollars, according to the Forbes World's Billionaires List. This marked his return to the top position among Russia's richest since 2021. Concurrently, the Bloomberg Billionaires Index estimated his wealth at twenty-five point two billion dollars, ranking him ninety-second globally and third in Russia.

However, Mordashov's business dealings have not been without controversy. He was mentioned in the Panama Papers and the FinCEN files leaks, revealing connections to financial activities that funded various projects associated with Vladimir Putin. His financial stake in Rossiya Bank has led to sanctions due to the Russian invasion of Ukraine, as the bank is considered the personal bank for officials benefiting from the annexation of Crimea.

In November 2023, reports emerged from the New York Times regarding the Cyprus Confidential leak, indicating that accounts linked to Mordashov financed a book about Putin, authored by German writer Hubert Seipel. These revelations highlight the complex interplay between business and politics in Mordashov's career.