Alexander Frolov Net Worth $2 Billion
Evraz – the Conspriracy
According to Forbes, he’s the 51st wealthiest person in Russia and also the 736th wealthiest person in the World Billionaires list.
Alexander Vladimirovich Frolov graduated with honours from the Moscow Institute of Physics and Technology. The Chief started his career as a research fellow at the I.V. Kurchatov Institute of Atomic Energy where he also earned his Ph.D. in Physics and Math.
Bulk of Frolov’s estimated net worth of $2 billion was earned from Evraz. Frolov joined Evraz Metal in 1994 and served as its Chief Financial Officer from 2002 to 2004. Frolov was the Senior Executive Vice President of Evraz Group S.A. from 2004 to 2006. Since April 2005, the Chief was a member of the board of the business. From May 2006 to December 2008, Alexander was the Chairman of the Board of Directors of Evraz Group S.A. In January 2007, Alexander was the appointed CEO. On October 14, 2011, Alexander was elected CEO.
Frolov was the key in handling the steel company’s debt burden because the worldwide economic crisis started. In 2008, Evraz reached its highest debt at $9.1 billion. It has been reduced to $7.2 billion by the end of 2011. In the same year, the company could pay its first dividend in 3 years. In December 2012, jointly with Abramov, he sold the leading energy infrastructure company, Energostroyinvest-Holding. Alexander still has an investment in Highlands Gold Mining.