Mordashov vs Frist Jr.
Severstal and HCA Healthcare.
The differences
- Forbes puts Thomas Frist Jr. about $0.5B ahead of Alexey Mordashov.Forbes figures from 9 Oct 2026 and 9 Oct 2026.
- Alexey Mordashov: built it up. Thomas Frist Jr.: co-founded it.
- Thomas Frist Jr. is about 27 years older than Alexey Mordashov.
- Alexey Mordashov is from Russia; Thomas Frist Jr. is from United States.
Put someone else on either side
Side by side
Mordashov
Frist Jr.The money
- Net worth, Forbes
- $36.9BForbes, 9 Oct 2026
- $37.4BForbes, 9 Oct 2026
- Net worth, Bloomberg
- $27.6BBloomberg, 17 Oct 2026
- $41.5BBloomberg, 17 Oct 2026
- Forbes rank
- No. 61Real-Time list, 9 Oct 2026
- No. 59Real-Time list, 9 Oct 2026
- Billionaire since
- Not stated
- Not stated
Where it came from
- How it started
- Built it upJoined the Cherepovets steel mill as an economist in 1988, became finance director in 1992 and CEO in 1996; Bloomberg says he built his majority stake through two investment funds that bought workers' shares after the 1993 privatisation
- Co-founded itFounded Hospital Corporation of America in 1968 with his father, Dr. Thomas F. Frist Sr., and Jack Massey
- Main source
- Severstal stockBloomberg: the majority of his fortune comes from his 77% stake in Severstal; it also values Nordgold, Power Machines and Lenta
- HCA Healthcare stock, and cash from HCA share sales and dividendsBloomberg: $32.4 billion in HCA stock and $9.18 billion in cash
- Companies
- SeverstalSeverstal: Chairman of the board
- HCA HealthcareHCA Healthcare: Co-founder; no executive position
- Biggest stake
- Severstal77% owned
- HCA Healthcare27% owned
The person
- Born
- 26 Sep 1965Cherepovets, Russia (then the Soviet Union)
- 12 Aug 1938Nashville, Tennessee, United States
- Country
- RussiaLives in Moscow, Russia
- United States
- Education
- Graduate degreeLeningrad Engineering and Economic Institute (1988); MBA, Northumbria University (2006)
- Graduate degreeMD, Washington University School of Medicine (1965); bachelor's degree, Vanderbilt University (1961)
- Parents
- Both parents were steelworkers at the Cherepovets mill
- Father Dr. Thomas F. Frist Sr. was a Nashville cardiologist and internal medicine specialist who co-founded HCA with him
What they give
- Giving Pledge
- Not a signer
- Not a signer
- Foundation
- Way Home Charitable FoundationSet up by Severstal in 2005; Severstal says he personally oversees its programme
- The Frist FoundationFounded by HCA in 1982 and later made independent; he chairs it
- Lifetime giving
- Not stated
- Not stated
Role and record
- Role now
- Chair of the boardChairman of Severstal and of Severgroup
- Founder, no executive roleCo-founder of HCA Healthcare; chairman of the Frist Foundation
- Successor
- Alexander Shevelev is CEO of SeverstalNo family member is named in a Severstal executive role in the cited sources
- Jack O. Bovender Jr. succeeded him as HCA chairman in 2002; his sons Thomas Frist III and William Frist are HCA board members
- Public office
- None found
- None found
- Legal record
- 2022: Council of the EU; 2022: US Treasury (OFAC); 2023: EU General CourtListed under EU restrictive measures concerning Russia in 2022; the EU listing describes him as a Russian businessperson with close links to the Russian government. Designated by OFAC on 2 June 2022 under Executive Order 14024 (Russia). The General Court dismissed his challenge to the EU restrictive measures (Case T-248/22) on 20 September 2023 and ordered him to pay the costs.
- None found
