Mordashov Kirill Alekseyevich

Biography

Kirill Mordashov, son from the second marriage of Severstal owner Alexei Mordashov.

In June 2019, it became known that Mordashov's children from their second marriage - 19-year-old Kirill and 18-year-old Nikita - received from their father shares in his stake in the European tour operator TUI, and in September of the same year in the prospectus for the placement of Eurobonds, gold miner Nordgold said that the brothers became and its shareholders.

Forbes estimates the value of assets owned by the Mordashov brothers at $3.54 billion.

The brothers own packages of shares through the KN-Holding company registered in December 2018 in Cherepovets, in which everyone owns 50%. At the end of June 2019, KN-Holding became the owner of a 65% stake in Unified Ltd, through which Mordashov owned 25% in TUI. The billionaire retained 35% in Unified Ltd, his representative said.

From Nordgold prospectus to the placement of Eurobonds, it also became known that Unified Ltd also owns a stake in a gold mining company. Through a number of structures, Unified owns 99.94% of the company. Thus, the effective share of Kirill and Nikita Mordashov in Nordgold is 64.961%, their father - 34.979%. The remaining shares belong to management.

TUI shares are traded on the London Stock Exchange. As of September 25, 2019, the company's capitalization is almost $7 billion. Thus, the value of the stake that the Mordashov brothers received is $1.14 billion.

2021: Deprivation of stake in KN-Holding

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 Unified controlled owns almost 100% of Russia's fifth gold miner NordGold, as well as 34% of TUI's tour operator.

Earlier, KN-Holding was owned on an equal footing by the sons of Mordashov - 22-year-old Kirill and 21-year-old Nikita. They received shares in the family business in 2019, when they were students of Moscow universities.