What is Alexander Frolov's Net Worth?
Alexander Frolov is a Russian businessman who has a net worth of $1.6 billion. Alexander Frolov secured his spot among the world's richest thanks to his role at Evraz, a multinational steel and mining company. Since 1998 he has been serving as CEO of the company that has headquarters in London, UK, and operates in Russia, Ukraine, Italy, Czech Republic, the United States, Canada and South Africa. As for his partner and fellow billionaire, Alexander Abramov, he serves as chairman. However, Evraz witnessed a considerable loss, almost two thirds of its value, in 2013. It all happened due to sinking steel prices and worldwide steel surfeit.
One year earlier, Frolov and Abramov decided to sell Energostroyinvest-Holding, a leading energy infrastructure company. Aside from Ervaz, Frolov also holds a stake in Highlands Gold Mining, which declined 45% last year. When it comes to his beginnings, Alexander Frolov first served as a research fellow at the I.V. Kurchatov Institute of Atomic Energy, since he has already held a doctorate in physics and mathematics. Frolov still has over $1 billion in cash, which is enough to remain on the international billionaires list irrespective of the tanking value of Ervaz and Highlands Gold Mining.
