He is the company's vice president and has been since 2005. He also serves as the chairman of the board of directors of EvrazHolding, the parent company of Evraz. Frolov has been involved in the steel industry since the early 1990s and has been a major player in the Russian steel market. His wealth has grown significantly since he joined Evraz in 2005.
Alexander Frolov is a Russian businessman with a net worth of $1.6 billion. He has been involved in the steel industry since the early 1990s and is currently the vice president of Evraz, a multinational steel and mining company, and the chairman of the board of directors of EvrazHolding, its parent company. Since joining Evraz in 2005, Frolov has become a major player in the Russian steel market and his wealth has grown significantly.
Alexander Vladimirovich Frolov is a member of Richest Billionaires
Age, Biography and Wiki
💰 Net worth: $1.6 Billion (2024)
Alexander Vladimirovich Frolov, a prominent business magnate and investor, is widely recognized as one of the richest billionaires in Russia. His net worth is projected to reach a staggering $1.6 billion by 2024. Frolov has earned this immense wealth through his successful ventures and strategic investments. As the co-founder and CEO of one of Russia's largest steel companies, Evraz, Frolov has demonstrated exceptional leadership skills and business acumen. His relentless drive for growth and innovation has catapulted him to great heights, making him a prominent figure in the world of entrepreneurship and cementing his position as one of the wealthiest individuals in Russia.
Since 1998 he has been serving as CEO of the company that has headquarters in London, UK, and operates in Russia, Ukraine, Italy, Czech Republic, the United States, Canada and South Africa. As for his partner and fellow billionaire, Alexander Abramov, he serves as chairman. However, Evraz witnessed a considerable loss, almost two thirds of its value, in 2013. It all happened due to sinking steel prices and worldwide steel surfeit. One year earlier, Frolov and Abramov decided to sell Energostroyinvest-Holding, a leading energy infrastructure company. Aside from Ervaz, Frolov also holds a stake in Highlands Gold Mining, which declined 45% last year. When it comes to his beginnings, Alexander Frolov first served as a research fellow at the I.V. Kurchatov Institute of Atomic Energy, since he has already held a doctorate in physics and mathematics. Frolov still has over $1 billion in cash, which is enough to remain on the international billionaires list irrespective of the tanking value of Ervaz and Highlands Gold Mining.
