Mordashov Aleksei Aleksandrovich

Aktivs

2022

Sale of online retailer "Utkonos"

In February 2022, the Lenta retail chain bought the online retailer Duck-bill"" from Mordashov for 20 billion rubles^[1]

Sanctioned and transferred to TUI Group

In March 2022, the German authorities began an investigation into the transfer of a large stake in Europe's largest recreation company TUI Group by Alexei Mordashov, who is under Western sanctions.

TUI said on March 18 that the German Government was investigating the transfer by Mordashov's holding company Unifirm of 29.9% of its stake in the travel group.

The deal took place on February 28, the same day Mordashov fell under EU sanctions in connection with Russia's military operation in Ukraine.

National Media Group capital exit

On May 11, 2022, it became known about the withdrawal of Alexei Mordashov from the capital of the National Media Group (NMG). This was reported by Bloomberg and RBC. According to the latter, the owner of Severstal sold NMG's stake a few months ago.

According to Bloomberg, the deal was initiated before the start of the Russian special operation in Ukraine on February 24, 2022, and was completed after. The publication estimated Mordashov's share in the media company at $30 million.

Who bought NMG shares from Mordashov and at what price is not reported. By May 11, 2022, the structure of the shareholders of the National Media Group was not disclosed, as of 2015, Alexei Mordashov owned 26.2%. At the end of February 2022, Alexei Mordashov fell under EU sanctions, and NMG and its TV channels were mentioned among the justifications for the introduction of restrictions.

Brussels The ministry believes that the NMG TV channels "actively support the policy of the Russian authorities to destabilize in Ukraine." Mordashov himself, after the imposition of sanctions, said that he did not understand this measure.

The assets of the National Media Group by May 2022 include on-air TV channels (REN TV, Channel Five, STS, Domashny, Che, STS Love, STS Kids, MIC Izvestia (as part of the IZ.RU portal, Izvestia newspaper, Izvestia TV channel, news services of REN TV and Fifth TV channels); newspapers "Sport-Express" and "Business Petersburg." The group also owns a stake in Channel One, manages broadcasting on the territory of the Russian Federation of international television channels Discovery, Eurosport, Warner Media, Viasat, as well as Fox, National Geographic and UFC (as part of Media Telecom, a joint venture between NMG and Rostelecom).

By May 2022, Forbes estimates the fortune of Alexei Mordashov at $13.2 billion. As the magazine wrote in April 2022, the businessman was among those whose fortune decreased the most in a year^[2] of^[3].

Transfer of control over Sveza timber processing group

On October 20, 2022, the Sveza press service announced that Alexei Mordashov had transferred control in the Sveza timber processing group to its top management. The parent company of the Sveza group came under the control of Fort Invest LLC (St. Petersburg), which now owns 51% of its authorized capital. The founders of "Fort Invest" are top managers of the "Sveza" group, the share of each in the capital of the enterprise is 25%. The company was registered in early August 2022^[4]

Principal assets

As of November 2022, Alexey Mordashov and his family own the following assets: Severstal (76.85%^[4] for the ^[4]), Severgroup, NordGold, Lenta hypermarket chain, machine-building company "Power Machines"^[1]Scandinavia clinic^[5].

Biography

Alexey Mordashov was born on September 26, 1965 in the city of CherepovetsVologda Oblast.

In 1988 he graduated with honors from the Leningrad Engineering and Economic Institute. Palmiro Togliatti with a degree in engineering and economics in mechanical engineering.

Since 1988, he began working as a senior economist of the workshop, head of the bureau of economics and labor organization of the repair and mechanical workshop No. 1, deputy head of the planning department at the Cherepovets Metallurgical Plant.

In 1989, by distribution, he went on a six-month internship at the Austrian steel company VoestAlpine.

1992: CHC Finance Director

In 1992, he became Director of Finance and Economics at Cherepovets Steel Mill.

1993: Privatisation of ChMK - establishment of Severstal

In 1993, at the stage of privatization, he created a subsidiary. Severstal-Invest 76% of its shares belonged personally to Mordashov, and 24% to OJSC "," Severstal into which it was transformed. Cherepovets Steel Mill Subsequently, Mordashov bought up Severstal shares and gained control over the enterprise.

1996: CEO of Severstal

In 1996, he began working as CEO of Severstal.

2000

Member of the RSPP Management Board Bureau

Since November 2000, he has been a member of the Presidium and Bureau of the Board of the Russian Union of Industrialists and Entrepreneurs (RSPP), head of the trade policy committee. He headed the section "Metallurgy, steel industry, construction and construction materials" of the round table of industrialists of the Russian Federation and the EU, was a member of the public council for reforming enterprises under the Government of the Russian Federation.

Acquisition of Sveza Timber Company shares

In 2000, the timber company "Sveza"^[4] entered the portfolio of Mordashov's assets^[4].

2001

In 2001, he headed the RSPP working group on Russia's accession to the WTO and customs policy reform. By that time, he controlled the main media of Cherepovets and the Vologda region:

• Transmit radio station,
• TV channels:
  • "TV-7,"
  • «12»
  • "Province,"

• cable television studio "Skat,"
• newspapers:
  • "Speech,"
  • "Courier."

Since April 2001, he has been a member of the Board of Trustees of the State Academic Bolshoi Theater.

Since May 2001, Honorary Doctor of St. Petersburg University of Engineering and Economics.

In 2001, he received an MBA from the Northumbria University Business School (Northumbria University, Newcastle, UK).

2002

CEO of Severstal Group and Chairman of Severstal's Board of Directors

In 2002, as a result of the restructuring of Severstal, by the decision of the shareholders, the management company CJSC Severstal Group was established. Mordashov left the position of CEO at Severstal and took a similar position at Severstal Group.

In 2002, at the same time as he assumed the position of CEO, he became Chairman of the Board of Directors of Severstal.

Russian-German Working Group on Strategic Issues in the Field of Economics and Finance

Since April 2002, he was one of the members of the Russian-German working group on strategic issues in the field of economics and finance.

Board of Trustees of the State Tretyakov Gallery

Since December 2002, he has been a member of the Board of Trustees of the State Tretyakov Gallery.

2003

Acquisition of Bank of Russia shares

In 2003, Mordashov became a co-owner of Bank Russia, the largest shareholder of which is Yuri Kovalchuk. Mordashov acquired 8.8 percent of the shares for 600 million rubles for Severstal ^[6].

Participation in the Boards of Trustees

Since April 2003, he has been a member of the Board of Trustees of the Russian Chess Federation.

Since May 2003, he has been a member of the Board of Trustees of the Transfiguration Monastery of Valaam.

Council on Entrepreneurship under the Government of the Russian Federation

From May 2003 to June 2004 he was a member of the Council on Entrepreneurship under the Government of the Russian Federation.

Honorary Doctor Northumbria University

Since July 2003, Honorary Doctor Northumbria University.

2004

East-West Institute Board of Directors

In April 2004, he was elected a member of the Board of Directors of the New York East-West Institute.

Council on Competitiveness and Entrepreneurship under the Government of the Russian Federation

Since June 2004, he has been a member of the Council on Competitiveness and Entrepreneurship under the Government of the Russian Federation.

Board of Trustees of the State Russian Museum

Since September 2004, he has been a member of the Board of Trustees of the State Russian Museum.

Expert Council on Public-Private Partnership and Investment under the Ministry of Culture of the Russian Federation

Since November 2004, he has been a member of the Expert Council on Public-Private Partnership and Investment under the Ministry of Culture of the Russian Federation.

Acquisition of Rouge Steel Company

In 2004, Severstal Mordashova acquired Alexey ^[7], a steel company in the USA, Rouge Steel Company^[7].

2006

Business Cooperation Council of Russia and the EU

Since March 2006, he has been a member of the Council of Business Cooperation of Russia and the EU. Member of the International Advisory Council of the Atlantic Council.

Failed asset swap deal for stake in Arcelor

In May 2006, Mordashov agreed to exchange 87.5% of his Severstal shares for 38.5% of the French Arcelor (with an additional payment of €1.25 billion), the second largest metallurgical company in the world. However, the merger fell through: the Arcelor board of directors ruled unanimously in favor of a deal with another major metallurgical group - Mittal Steel, led by Indian steel tycoon Lakshmi Mittal. Then many observers considered this decision politically biased, that is, deliberately creating obstacles for large Russian business to enter the world stage. However, one of the main failures brought Mordashov wide fame.

Return to the position of CEO of Severstal

In December 2006, he returned to the position of CEO of Severstal.

2007

Sale of non-core assets and purchase of metallurgy and mining enterprises

In 2007, Mordashov began to get rid of non-core assets - he sold Severstal-Auto and transport companies to management (they were merged into the N-Trans holding) and bought the American metallurgical plants Sparrows Point, Warren and Wheeling, coal mining PBS Coals, iron ore companies with deposits in Brazil and Africa^[7].

Chairman of the Board of Directors of Power Machines

Since December 2007 - Chairman of the Board of Directors of PJSC Power Machines^[8].

2008: Creation of the National Media Group

In 2008, Mordashov, Surgutneftegas and Bank Russia created the National Media Group of^[1].

2010: Member of the Supervisory Board of NP Russian Steel Consortium

Since June 2010, member of the Supervisory Board of the non-profit partnership Russian Steel Consortium.

2011

Sale of American factories

The 2008 crisis brought down the automotive industry and steel production. The blow was such a force that Mordashov from 2011 to 2014 sold all American factories^[7].

Fortune - $18.5 billion

He took second place in the ranking of the Russian-language version of Forbes "The Richest Businessmen of Russia - 2011"^[9]. The fortune of Alexei Mordashov was estimated at $18.5 billion.

2012: Chairman of the World Association of Steel Producers

From October 2012 to October 2013 - Chairman of the World Association of Steel Producers, headquartered in Brussels (Belgium).

2013

President of the Supervisory Board of NP Russian Steel Consortium

Since June 2013, President of the Supervisory Board of the non-profit partnership Russian Steel Consortium.

Deputy Chairman of the World Association of Steel Producers

Since October 2013, Deputy Chairman of the World Association of Steel Producers.

Acquisition of Tele2 shares

In 2013, Alexey Mordashov and Yuri Kovalchuk acquired a 50% stake in the mobile operator Tele2^[7]

2014

Fortune - $10.5 billion

For 2014, Alexey Mordashov took 12th place in the ranking of the richest businessmen in Russia^[10]. The fortune was estimated at $10,500 million.

CEO Severstal Management

From December 2014 to May 2015, he was the General Director of Management JSC Severstal , the management organization of PAO Severstal.

2015: Chairman of Severstal's Board of Directors

In May 2015, he was elected Chairman of the Board of Directors of PAO Severstal.

2016: Net worth - $10.9 billion

As of 2016, he is the richest man in Russia according to Bloomberg. In the ranking of the richest Russians in 2016, according to Forbes magazine, it took 6th place - $10,900 million^[11].

2017

23% stake in travel company TUI

As of May 2017, Mordashov's share in the world's largest travel company TUI (head office in Germany) was 23% of the shares. He began to carefully buy shares in the market in 2007^[7], he^[7]

Investment in Netology-Group

In 2017, Mordashov began investing in the educational holding Netologiya Group (online education) and almost completely bought it from the founders.

Fortune - $17.5 billion

In the Forbes 2017 ranking - the second place in Russia and 51 in the world with a capital of $17.5 billion. In July 2017 - the first in the ranking of the richest businessmen in Russia.

2018: Acquisition of medical company AVA-Peter

In 2018, Severgroup acquired the medical company AVA-Peter.

2019

Transfer of shares to sons Kirill and Nikita

In 2019, Mordashov transferred 65% of his stakes in the gold mining company NordGold and the travel operator TUI to his sons Kirill and Nikita, but in the summer of 2020 Nikita was expelled from the HSE, he went to serve in the army and transferred the shares received from his father to his older brother^[10].

Purchase of Lenta shares

In 2019, Mordashov bought out 41.9% of the shares of Lenta^[12]

2020

Building an ecosystem from assets "in the spirit of Amazon"

Severstal owner Alexei Mordashov plans to continue investing in the consumer sector and create an ecosystem like Amazon has from its assets. The businessman spoke about this in an interview with Bloomberg, excerpts from which were published on January 20, 2020.

We have made several investments related to human needs: education, medicine, travel and retail. We're thinking about building an ecosystem based on these assets - in the spirit of Amazon. Each of these spheres is on the verge of big changes, "he said.

As TASS reported with reference to the representative Severgroup of "," we are talking about the merger of the grocery retailer, Tape"" online hypermarket, Duck-bill"" travel company TUI (Mordashov owns 25% of the shares in it) and a technology company. TalentTech At the same time, the company did not specify the timing of the creation of such an ecosystem.

In the field of education, Mordashov is considering the possibility of creating an online university, in medicine - expanding the geography of the work of the AVA-PETER network of clinics owned by Severgroup.

According to Bloomberg, earlier the businessman allowed an increase in the share in TUI AG to 30%, but by January 20, 2020 there are no such plans. At the same time, Alexei Mordashov indicated that the tour operator could start building hotels.

A person's desire to travel is as constant as the need for food or communication, the entrepreneur said.

By January 20, 2020, Mordashov ranks fourth in the Forbes list of the richest Russians. In 2019, the magazine estimated his fortune at $20.5 billion. Its main asset is 77% of the metallurgical holding Severstal. Bloomberg reports that almost half of Alexei Mordashov's fortune is projects not related to his main business.^[13]

Principal assets

As of 2020, the main assets were: PAO Severstal, TUI AG, PJSC Power Machines, NordGold, CJSC Sveza, Scandinavia clinics AVA-Peter^[8].

Income from dividends and asset sales - $1.7 billion

On September 22, 2021, Forbes magazine presented an updated rating of Russian billionaires, in which it assessed the "real, real money" received for the sale of assets or in the form of dividends at the end of 2020, and not the value of assets owned by entrepreneurs. Alexey Mordashov, according to analysts of the publication, earned $1.7 billion in 2020 and took first place in the ranking of billionaires. Read more here.

2021: Net worth - $29.1 billion

On April 6, 2021, Forbes magazine published an annual ranking of the richest people on the planet. Alexei Mordashov's fortune was estimated at $29.1 billion, he took first place in the ranking. Read more here.

2022

Fortune - $13.2 billion

In April 2022, Forbes magazine published a rating of the richest Russians. Alexey Mordashov took fifth place in it with a fortune of $13.2 billion^[1].

Re-registration of superyacht in Russia

On June 17, 2022, it became known about the registration of the Nord yacht Alexei Mordashov in Russia. The fact that the ship is now flying the Russian flag was noticed by Forbes magazine with reference to data from tracking sites, in particular Marine Traffic. According to this service, by 17:00 Moscow time on June 17, 2022, the yacht is heading to Korsakov, a Russian seaport on Sakhalin Island on the shore of Aniva Bay.

Prior to that, the ship was flying the flag of the Cayman Islands, which is understandable in terms of tax considerations. Mordashov received Nord in 2021. The cost of the superyacht is about $300 million.

By March 2022, when Alexei Mordashov was included in the Western sanctions lists, the ship was in the port of Victoria in the Seychelles. The ship's team turned off the tracking system, and only on March 31, 2022 it was noticed near the capital of Primorye.

The founder of itBoat Nikita Gorchakov, in a conversation with Forbes, noted that by June 2022, large yachts belonging to Russian businessmen are changing their registration in the Russian Federation. This applies primarily to those yachts whose owners are under direct personal sanctions, the expert said. The reason is this - registers and insurance companies stop working with them, and ships lose the opportunity to enter the ports of many foreign countries.

In fact, for owners, Russian registration is the last opportunity to go on a yacht, he says.

It is not so difficult to do this - the transition of yachts to Russian jurisdiction was simplified back in 2019. Then they simplified the customs rules, now the owners of expensive boats do not need to pay VAT and customs duty in order to transfer them under the Russian flag.

In the case of Mordashov, according to Forbes, the situation is complicated by the fact that he is under US sanctions and cannot pay bills in dollars. This means that he has practically no way to pay for parking in the port, get navigation information, insure the boat, etc. In such a situation, boats can "live" only in Russian waters^[14].

In October 2022, after Alexei Mordashov's megayacht docked at the port, the Hong Kong United States warned his authorities that providing assistance to those under sanctions could jeopardize its status as a financial center. The $500 million Nord ship, dollars linked to tycoon Alexei Mordashov, arrived in Hong Kong after a week-long voyage from. Vladivostok

13th place in the CNews list of the richest signalmen in Russia

In the ranking of the operators Russia richest in 2022, according to CNews Alexey Mordashov took 13th place.

Metallurgical tycoon, in 2015 ranked tenth in a similar rating. In the 90s, he established control over Severstal"," then founded Severgroup"" for investments other projects. Among them are the chain of food stores "" and Tape the online retailer "."Duck-bill

Mordashov is also a longtime shareholder whose Bank "Russia" chairman was a longtime acquaintance of Yuri Kovalchuk president Russia. Among Vladimir Putin other things, Mordashev invested in various projects of Rossiya Bank: "," "" and National Media GroupNational Telecommunications a mobile operator. Tele2 The last two assets were sold. " As To Rostelecom part of the deal to sell Tele2, the operator's co-owners cellular , including Mordashov's structures, received minority shares in Rostelecom. With the beginning of the SVO, Mordashov came under sanctions, and European Union USA other countries Magnates^[15]

3rd place in the list of richest Russians with a fortune of $18.5 billion

2024: Receiving 148 billion rubles of dividends

Awards

He was awarded medals of the Order of Merit to the Fatherland I (1999) and II degree (1995), the Order of the Russian Orthodox Church "Holy Prince Daniel of Moscow" III degree (2003).

Family

• First wife Elena Mordashova
• Children from their first marriage:
  • Ilya Mordashov - born 1985

• The second wife is Elena (married in June 1997^[7])
• Children from a second marriage:
  • Kirill Mordashov - born in 1999
  • Nikita Mordashov - born in 2000

• Third spouse - Marina
• Children from a third marriage:
  • Maria
  • Anastasia
  • Daniel

2002

In 2002, the first spouse Elena sued her ex-spouse, demanding alimony payments in the amount of a quarter of his income and half of Severstal's shares. She failed to win the process, the court recognized the agreement signed in 1996 as legal: according to it, his wife and son got Mordashov's apartment, Cherepovets car and cash savings, and he left Severstal shares^[16]

2021

In December 2021, it became known that Alexei Mordashov deprived his sons of assets. He became the owner of 100% of KN-Holding, which, through Unifirm-controlled, owns almost 100% of the fifth gold miner NordGold in Russia, as well as 34% of the tour operator TUI.

2022

In 2022, Mordashov transferred most of the stake in the gold mining company NordGold to Marina Mordashova.

Notes