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Russia’s Richest Man Wants to Plan Your Life at School and Work

  • Mordashov plans online education, recruitment business
  • Company bought first three assets in Russia, eyes U.S., Europe
Alexey Mordashov

Alexey Mordashov

Photographer: Simon Dawson/Bloomberg

Russia’s richest man, Alexey Mordashov, built his $18.5 billion fortune from the heat and sweat of steelmaking. Now he wants to shape minds and careers from preschool to pension.

The largest shareholder in Severstal PJSC, Russia’s second-largest steelmaker by market capitalization, is moving into online education and recruitment, setting up a unit at the end of last year that’s acquiring startup companies, as he diversifies his investments.