Alexander Abramov Net Worth

Alexander Abramov has an estimated net worth of $5.8 billion, according to Forbes Real-Time Billionaires, Alexander Abramov profile (figures as of October 20, 2026). That is down from a peak of $7.6 billion.

Alexander Abramov is a Russian businessperson best known for his long role at Evraz, a major steel producer. He got his start as the head of a research lab before the Soviet Union collapsed. In 1992, he founded a precursor to Evraz Holding. Early on, he built his business by exporting metals and coal from the Urals and Siberia. That trading business became the base for a much larger steel and mining empire.

His wealth grew after the 1998 Russian financial crisis. He bought struggling steel companies at low prices and expanded into more assets, including Claymont Steel and Oregon Steel. Evraz later became his biggest holding, and he remained chairman until March 2022. Forbes tracks his fortune in metals and mining and put his net worth at $5.8 billion on its real-time billionaires tracker as of October 20, 2026.

How Alexander Abramov built his fortune

Abramov made his money in steel and mining. After leading a research lab, he moved into business during the early 1990s. In 1992, he set up a precursor to Evraz Holding and began exporting metals and coal from the Urals and Siberia. That gave him a foothold in the industry and helped him build relationships across production and trading, turning a regional business into the foundation of a much larger company.

A big turning point came after the 1998 Russian financial crisis. Abramov bought weakened steel businesses cheaply and kept expanding. His deals later included Claymont Steel and Oregon Steel. Over time, Evraz became his main asset and biggest holding. He served as chairman of the steel company until March 2022. Forbes places him in the Metals & Mining industry and ties his wealth to steel and mining.

What shaped his Forbes value

Abramov is self-made according to Forbes, and his wealth is tied to the value of his holdings in steel and mining, especially Evraz. That means changes in the business and the market can affect the estimate. Because Evraz was his biggest holding, moves in that company have had a major effect on how his fortune has been measured over time by Forbes.

His career helps explain why the estimate is linked to operating businesses rather than one transaction. He started in research, shifted into metal trading, then used the opening after 1998 to buy steel assets and grow a broader industrial group. By 2022, he stepped down as chairman of Evraz, but the company still remained central to his wealth. Forbes valued him at $5.8 billion in October 2026.