Alexey Mordashov & family
Source of wealth: Steel, investments
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Biography
Alexey Mordashov is the majority shareholder in steel company Severstal, which he ran as CEO for 19 years before resigning in 2015.
Hit by sanctions in 2022, he immediately transferred ownership of key assets, including shares of leisure company TUI and mining outfit Nordgold.
Severstal, in which he still has a 77% stake, lost more than $400 million in 2022 due to Western sanctions, according to Mordashov.
Severstal sold off two U.S. steel plants in 2014, withdrawing from the market at a time of rising tensions between Russia and the West, and turned its focus to its domestic business.
The son of mill workers, Mordashov rose to become the finance director of a steel mill.
When the plant's elderly director instructed him to acquire shares to keep them from an outsider, Mordashov kept most of them for himself.
Perspective on their fortune
Gold
Everyday luxury
A Alexey Mordashov & family's fortune is equivalent to 249 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Alexey Mordashov & family could buy 66,344,649 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 12 trucks to transport them, But we can be almost certain that Alexey Mordashov & family will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Alexey Mordashov & family's fortune with the healthcare spending of a huge country
Alexey Mordashov & family could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 16.6 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Alexey Mordashov & family could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 7.3 years
Education
Buying the future
Lowest education spending
Alexey Mordashov & family could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 10.9 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Alexey Mordashov & family could pay for it in full for 14.8 years.
Research
The monopoly of progress
Lowest research spending
Alexey Mordashov & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 62.1 years.
Highest research spending
But even if we compare the total wealth of Alexey Mordashov & family with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.4 years.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison