Russia is famous for its oligarchs, who emerged in the wake of the dissolution of the USSR, which saw accumulation of fabulous wealth in the hands of a few. Many of these individuals went on to become some of the richest and most influential individuals in Russia, often having significant political power as well. The Russian steel sector is dominated by themMr Vladimir Lisin (NLMK) – 17.4 million tonnesMr Roman Abramovich (EVRAZ) - 13.6 million tonnesMr Alisher Usmanov (Metalloinvest) – 4.8 million tonnesMr Viktor Rashnikov (MMK) - 11.6 million tonnesMr Alexey Mordashov (Severstal) - 11.3 million tonnesMr Igor Zyuzin (Mechel) – 3.5 million tonnesMr Vladimir Lisin - With a wealth of USD 27 billion, Mr Lisin is involved in steel and logistics in Russia, and is an authority on metallurgy, with over 100 articles and monographs on the subject. Mr Lisin is the Chairman and majority shareholder of Novolipetsk, which is Russia’s largest steel manufacturer. His other companies include Freight One, the largest freight rail in the country, UCL Port BV, which operates port facilities and shipping company VBTH.Mr Roman Abramovich – With estimated wealth of USD 14 billion, Mr Abramovich owns stakes in steel giant Evraz, Norilsk Nickel and the vast majority of the UK's Chelsea FC soccer team. Mr Abramovich spent UD 2.5 billion in the Chukotka region where he worked as governor and chairman of the local Duma from 2001 to 2013. It was a shock then to see Mr Abramovich relinquish the care and stewardship of the Chelsea FC club on Saturday evening amid the ongoing conflict between Russia and Ukraine.Mr Alisher Usmanov - With a net worth of USD 15 billion, Mr Usmanov is the fifth-richest individual in Russia. Mr Usmanov holds a 49% stake in USM Holding, a Russian investment company. Through USM Holding, he controls Metalloinvest, Russia’s largest iron ore producer and MegaFon, the second-largest mobile phone operator and the third-largest telecom operator in Russia. Mr Usmanov also controls Kommersant, a leading Russian daily, and also holds stakes in JD.Com and Uber Technologies.Mr Viktor Rashnikov – With wealth estimated at USD 11 billion, Mr Rashniov is the majority owner of Magnitogorsk Iron & Steel Works. Having worked his way up through various positions at MMK, Mr Rashnikov was able in the 90's to attain near complete control of the company through the purchase of shares on the marketMr Alexey Mordashov – With wealth estimated at USD 27 billion, Mr Mordashov is the majority owner of Severstal. Mr Mordashov was born to steel mill workers, starting his work in the same steel plant as his parents and then going on to build the steel and mining conglomerate Severstal, which is the country’s fourth-biggest steel producer. Mordashov also holds stakes in Nordgold, a gold mining company with assets in three continents, Power Machines, a power generation equipment manufacturer, and TUI, a tour operator. He also holds investments in several important national businesses like National Media Group, Bank Rossiya and Rostelecom.Mr Igor Zyuzin – With estimated wealth of about USD 2 billion, Mr Zyuzin & partner Mr Vladimir Iorich formed Uglemetkooperatsiya, a coal-trading company, which was among the first to buy up shares in coal mines and pits in Russia's Kuzbass region. In 2001 the partners bought a controlling stake in Chelyabinsk Metals Factory, which formed the basis of the Mechel Group, which now has more than 20 plants and coals mines around the world.
Russia is famous for its oligarchs, who emerged in the wake of the dissolution of the USSR, which saw accumulation of fabulous wealth in the hands of a few. Many of these individuals went on to become some of the richest and most influential individuals in Russia, often having significant political power as well. The Russian steel sector is dominated by themMr Vladimir Lisin (NLMK) – 17.4 million tonnesMr Roman Abramovich (EVRAZ) - 13.6 million tonnesMr Alisher Usmanov (Metalloinvest) – 4.8 million tonnesMr Viktor Rashnikov (MMK) - 11.6 million tonnesMr Alexey Mordashov (Severstal) - 11.3 million tonnesMr Igor Zyuzin (Mechel) – 3.5 million tonnesMr Vladimir Lisin - With a wealth of USD 27 billion, Mr Lisin is involved in steel and logistics in Russia, and is an authority on metallurgy, with over 100 articles and monographs on the subject. Mr Lisin is the Chairman and majority shareholder of Novolipetsk, which is Russia’s largest steel manufacturer. His other companies include Freight One, the largest freight rail in the country, UCL Port BV, which operates port facilities and shipping company VBTH.Mr Roman Abramovich – With estimated wealth of USD 14 billion, Mr Abramovich owns stakes in steel giant Evraz, Norilsk Nickel and the vast majority of the UK's Chelsea FC soccer team. Mr Abramovich spent UD 2.5 billion in the Chukotka region where he worked as governor and chairman of the local Duma from 2001 to 2013. It was a shock then to see Mr Abramovich relinquish the care and stewardship of the Chelsea FC club on Saturday evening amid the ongoing conflict between Russia and Ukraine.Mr Alisher Usmanov - With a net worth of USD 15 billion, Mr Usmanov is the fifth-richest individual in Russia. Mr Usmanov holds a 49% stake in USM Holding, a Russian investment company. Through USM Holding, he controls Metalloinvest, Russia’s largest iron ore producer and MegaFon, the second-largest mobile phone operator and the third-largest telecom operator in Russia. Mr Usmanov also controls Kommersant, a leading Russian daily, and also holds stakes in JD.Com and Uber Technologies.Mr Viktor Rashnikov – With wealth estimated at USD 11 billion, Mr Rashniov is the majority owner of Magnitogorsk Iron & Steel Works. Having worked his way up through various positions at MMK, Mr Rashnikov was able in the 90's to attain near complete control of the company through the purchase of shares on the marketMr Alexey Mordashov – With wealth estimated at USD 27 billion, Mr Mordashov is the majority owner of Severstal. Mr Mordashov was born to steel mill workers, starting his work in the same steel plant as his parents and then going on to build the steel and mining conglomerate Severstal, which is the country’s fourth-biggest steel producer. Mordashov also holds stakes in Nordgold, a gold mining company with assets in three continents, Power Machines, a power generation equipment manufacturer, and TUI, a tour operator. He also holds investments in several important national businesses like National Media Group, Bank Rossiya and Rostelecom.Mr Igor Zyuzin – With estimated wealth of about USD 2 billion, Mr Zyuzin & partner Mr Vladimir Iorich formed Uglemetkooperatsiya, a coal-trading company, which was among the first to buy up shares in coal mines and pits in Russia's Kuzbass region. In 2001 the partners bought a controlling stake in Chelyabinsk Metals Factory, which formed the basis of the Mechel Group, which now has more than 20 plants and coals mines around the world.
