Alexander Abramov
Source of wealth: Steel, mining
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The scale of their wealth
Health
The price of life
Let's compare Alexander Abramov's fortune with the healthcare spending of a massive country
Alexander Abramov could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Alexander Abramov could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.2 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Alexander Abramov could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.7 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Alexander Abramov could pay for it entirely for 2.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Alexander Abramov could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 9.8 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Alexander Abramov with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.2 years.
Gold
Everyday luxuries
Alexander Abramov's fortune is equivalent to 40 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Alexander Abramov could buy 10,662,143 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Alexander Abramov will almost certainly have enough money left over to pay for the gas.
Biography
Alexander Abramov was chairman of steel company Evraz, which is also his biggest holding, until March 2022. He resigned after his partner Roman Abramovich was hit by UK sanctions.
Abramov himself was hit with UK sanctions in November 2022. He has been under sanctions in New Zealand (where he has property) since 2009.
Abramov got his start as the head of a research lab before the collapse of the Soviet Union.
In 1992, he founded a precursor to Evraz Holding and made a fortune exporting metals and coal from the Urals and Siberia.
After the 1998 Russian financial crisis, he bought up hobbled steel companies on the cheap, including two U.S. firms, Claymont Steel and Oregon Steel.
In 2017, Russian President Vladimir Putin awarded Abramov the Decoration For Beneficence for his public work and charity activity.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison