Alexey Mordashov (Алексей Мордашов) started building his fortune while working in a Cherepovetskly Metallurgical Plant, now called Severstal, when the old director advised him to buy up the shares of the plant.
He heeded the director’s advice and bought most of Severstal’s shares from workers. He continued buying shares of other steel mills to expand Severstal. In 2013, Severstal produced 15.7 million tons of steel making it the largest steel producer with its headquarters in Russia.
It produced revenue of $14.1 billion in 2012.
Mordashov also became an active investor across many industries including car makers, coal, ports, transportation, energy, telecomm and more throughout the world.