celebyachts.comThe maritime broadsheet of public waters · Register current through 27 Jul 2026
Russian businessman (born 1965)
Alexey Alexandrovich Mordashov is a Russian businessman and oligarch. He is the main shareholder and chairman of Severstal, Russia's largest steel and mining company.
Lürssen141.63 m · 465 ft · 2021 · Russia
Palmer Johnson65.5 m · 215 ft · 2013 · Cayman Islands
Mordashov is the son of Russian parents, who were both steel mill workers. His father was electrical engineer at the mill in Cherepovets. According to Mordashov, his family used welfare coupons, allowed only 200g of butter and 400g of sausages per month. He graduated with a bachelor's and master's degree in engineering from the Leningrad Engineering-Economical Institute, currently known as ENGECON. He later gained an MBA from Northumbria University in Newcastle upon Tyne, England, in 2001. In an address to students at the European University at Saint Petersburg, Mordashov spoke about his decision to study in Leningrad rather than Moscow and the value his undergraduate studies played in his search for employment and eventual career path. Returning to Cherepovets, he started his career by joining the same steel plant where his parents had worked.
On 28 February 2022, in relation to the 2022 Russian invasion of Ukraine, the European Union blacklisted Mordashov and had all his assets frozen. In early March, the Italian police seized one of his yachts, the Lady M. At that time, another one of his yachts, the Nord, was outside the European Unions jurisdiction in the Seychelles. He was sanctioned by the UK government in 2022 in relation to the Russo-Ukrainian War.
Mordashov and his first wife Elena (sometimes Yelena) have a son, Ilya, and divorced in 1996. In 2001, it was revealed in a St Petersburg divorce court that he was paying only $620 a month to support his ex-wife and son, when she sued him for half of his pre-divorce property but lost the case and incurred large fees. The case was eventually settled after she took it to the European Court of Human Rights. As of 2021, Mordashov owns the yachts Lady M and Nord and a private jet. By 2001, Mordashov had married his second wife, also Elena, and had had two more sons - Kirill and Nikita. In 2018–2019, for Kirill and Nikita the KN-holding company was created, to which Mordashov transferred his shares in Nordgold and TUI. In this way, he hoped to transfer business experience to his sons. But in 2021, Nikita lost his share due to unsuccessful studies and leaving for military service. In 2022, the International Consortium of Investigative Journalists reported that Mordashov transferred most of his ownership stake in tourism conglomerate TUI to a Caribbean shell company controlled by Marina Mordashova who is reportedly the mother of some of his children.
In 1988 Mordashov joined 'Cherepovetskiy Metallurgical Plant' after graduation from Leningrad Engineering-Economical Institut as an economist. In December 1991, the Soviet Union dissolved. By 1992 he became finance director, shortly before the company was privatised. When the plant's elderly director instructed him to acquire shares to keep them out of the hands of an outsider, he formed two investment funds and, by buying up workers' shares, built a major stake in the factory. In 1996 he was appointed as CEO of the company. He went on to build a conglomerate, Severstal, acquiring steel, coal and mining companies.
In 2000, Putin came to power. In 2003, Mordashov became a co-owner of Rossiya Bank. In 2004, Mordashov started investing in US steel companies, purchasing companies in Dearborn, MI and Columbus, Mississippi. The acquisition included the Rouge Plant in Dearborn. He received a loan from the United States Department of Energy to renovate and refurbish the manufacturing plants in Dearborn. The value of the loan, over $370 million, was revoked in 2012, after growing political tensions between the US and Russia. Between 2004 and 2014, Mordashov and Severstal invested up to $3 billion in both the Dearborn and Columbus plants. In 2011 he sold a number of US assets in Ohio, Maryland and West Virginia to the Renco Group, owned by industrialist Ira Rennert. By 2014 all of Severstal's US investments had been sold for a total of $2.3 billion. His company Severstal planned a multibillion-dollar project in joint venture with POSCO in eastern India. After ten years of not getting environmental and land clearances, his company opted out in 2008. In autumn 2007, Mordashov purchased shares in TUI Travel. As he increased his stake to the largest single shareholder through his S-Group Travel, TUI Travel under Michael Frenzel expanded into Eastern Europe and Russia in 2008, China and India in 2009, and sold off its shipping interests, Hapag-Lloyd AG, to the Albert Ballin Consortium in March 2009. In 2014, he held a blocking stake of more than 25% in TUI Travel when TUI Travel was absorbed by TUI Group. In October 2018, he had a 24.9% stake in TUI Group through his S-Group Travel and has been on the TUI Group supervisory board since 2016. In 2008, Mordashov, Surgutneftegas and Rossiya Bank created the National Media Group, which owned packages in TV channels (Fifth, First, REN TV). In April 2010, the structures of the Yuri Kovalchuk associated Rossiya Bank, Surgutneftegas and the owner of Severstal Alexei Mordashov gained ownership of a 45% stake of the largest seller of TV advertising in Eastern Europe and Russia, where it controlled 70% of the Russian market in 2007, the "Video International" group (Russian: группа «Видео Интернешнл») from the widow of Yuri Zapol (Russian: Юрий Запол), who was a founder of Video International in 1987, and Vladimir Golubev (Russian: Владимир Голубев) who together owned the largest stakes. In 2011, Mordashov purchased 25% of the shares in steam turbine manufacturer, Power Machines, from Siemens. In 2013, with partner Yuri Kovalchuk, Mordashov bought 50% of Tele2 Russia, the country's 4th largest mobile phone operator. In 2012, Mordashov consolidated Severstal's gold mining assets into one company, Nord Gold N.V. The company was listed on the London Stock Exchange (LSE: NORD LI). In 2013, Nord Gold was awarded a license to embark on gold exploration in Siberia. In 2017 Mordashov announced plans to delist Nordgold from the London Stock Exchange (LSE) citing unfair valuation as the reason. The LSE requires that companies hav
Biographical detail compiled from Wikipedia and Wikidata, which are edited openly and may be incomplete or out of date. Fleet data is our own. Source →
