Alexander Frolov

Birthname

Alexander Vladimirovich Frolov

Birthdate

May 17, 1964

Birthplace

Russia

Education

Moscow Institute of Physics and Technology

Profession

CEO

Net worth

$2,000,000,000

Source of Wealth

Mining, Steel

Nationality

Russian

Marital Status

Married

Children

one child

Alexander Frolov is the Chief Executive Officer and the partner of fellow billionaire Alexander Abramov at Evraz Group who has an estimated net worth of $2 billion as of March 2013. According to Forbes, he is the 51st richest person in Russia and the 736th richest person in the World Billionaires list.

Alexander Vladimirovich Frolov graduated with honors from the Moscow Institute of Physics and Technology. He began 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 Mathematics.

Majority of Frolov’s estimated net worth of $2 billion was earned from Evraz. He joined Evraz Metal in 1994 and served as its Chief Financial Officer from 2002 to 2004. He was the Senior Executive Vice President of Evraz Group S.A. from 2004 to 2006. Since April 2005, he was a member of the board of the company. From May 2006 to December 2008, he was the Chairman of the Board of Directors of Evraz Group S.A. In January 2007, he was the appointed CEO. On October 14, 2011, he was elected CEO.

Frolov was the key in managing the steel company’s debt burden since the global 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 was able to pay its first dividend in three years. In December 2012, together with Abramov, he sold the leading energy infrastructure company, Energostroyinvest-Holding. He still has an investment in Highlands Gold Mining.