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World top billionaires
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Alexei Mordashov
(born ca. 1965) is a Russian business oligarch and self-made
billionaire. He is the main shareholder and the chairman of
the board of the Severstal, Russia's second largest steel
company.
In 2004 he outbid U.S. Steel to buy bankrupt Rouge
Industries for $285 million. In 2005, Severstal bought 70%
stake in Italian steel producer Lucchini. Mordashov acquired
the last private state-owned TV channel in Russia, Ren-TV,
which attracted international attention when it canceled
anchorwoman Olga Romanova's program after she criticized
Russian authorities on air. A leading proponent of
Western-style management training, Mordashov is advocating
for Russia's entry into the WTO.
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