Aleksandr Frolov Assets include luxurious Yachts, Real estate holding, and Mansions with a fortune of $2.6 billion
- Alexander Frolov resigned as chief executive of the multinational steel company Evraz, in which he holds a nearly 10% stake, in August 2021.
- After Roman Abramovich, his partner, received UK sanctions, he also resigned from his position as a director on the board of Evraz in March 2022. Frolov, by himself, has been under UK sanctions since November 2022.
- He and his partner, Alexander Abramov, sold a 40% stake in Evraz to billionaire Roman Abramovich in 2006 for more than $3 billion.
- Aleksandr Frolov Assets include luxurious Yachts, Real estate holdings, and Mansions with a fortune of $2.6 billion
- He also has stakes in Norilsk Nickel, Yandex, Ivi, and Renaissance Insurance.
Details of Aleksandr Frolov Assets Portfolio
Aleksandr Vladimirovich Frolov, the former CEO of Evraz, possesses significant assets and investments. Forbes highlights his stakes in Norilsk, demonstrating his substantial financial portfolio.
The Guardian disclosed that Frolov, in collaboration with business partner Alexander Abramov, owns diverse properties through Vollin Holdings Ltd., a British Virgin Islands-based entity. The portfolio encompasses the Caribbean resort island of West Caicos, a Prague golf course community, a partially constructed hotel with land in Mykonos, and various commercial properties in the U.K., collectively valued at over $120 million.
Furthermore, Frolov holds ownership of two U.K. properties through British Virgin Islands-based entities Springvale Worldwide Ltd and Eastcotts Management Ltd. This includes an apartment in the upscale London neighborhood of Knightsbridge and a residence in St. George’s Hill, a gated estate in Weybridge popular among affluent Russians. The Los Angeles Times also reported the sale of Frolov’s Manhattan Beach home for $2.75 million in 2017.
It’s crucial to note that Frolov, along with his business partner Alexander Abramov, has faced sanctions from Western countries in response to the Russo-Ukrainian War.
Real Estate Holdings
Properties in UK
Mansion in Weybridge, Surrey
Aleksandr Vladimirovich Frolov’s property portfolio includes a grand residence on East Road in St. George’s Hills, Weybridge, Surrey, England, UK. According to Homes of the Rich, this stately home sits on 3.7 acres of land and is worth £22 million.
In addition to the St. George’s Hills property, Frolov is the owner of a mansion in Weybridge, Surrey, which he acquired for £9.8 million in 2008. Furthermore, he possesses a flat in Knightsbridge, London, purchased for £15.4 million through the British Virgin Islands, according to The Guardian.
It’s worth mentioning that the St. George’s Hill estate in Weybridge has historical significance, as the property named Kenwood, once owned by John Lennon and his then-wife Cynthia, is part of it. However, it remains unclear whether Frolov is the current owner of Kenwood.
These acquisitions showcase Frolov’s diverse real estate holdings in prestigious locations, reflecting his substantial investments in the UK property market.
Flat in Knightsbridge
Aleksandr Vladimirovich Frolov possesses a residence in Knightsbridge, London, acquired for £15.4 million through the British Virgin Islands.
- The property is situated in The Knightsbridge Apartments, an upscale complex in Knightsbridge.
- This building is neighboring the Bulgari Hotel and Residences, adjacent to 10 Lancelot Place and Trevor Square, and in proximity to Harrods department store and Hyde Park.
- The Knightsbridge Apartments, completed in 2005, comprise 201 apartments.
- It’s noteworthy that the average monthly rent for a flat in Knightsbridge is £2,383, with rental options spanning from £1,2025 to £5,500 per month.
Additional Global Real Estate Portfolio
West Caicos, Turks and Caicos Islands
Aleksandr Vladimirovich Frolov, in collaboration with business partner Alexander Abramov, possesses the picturesque Caribbean retreat of West Caicos in the Turks and Caicos Islands.
Situated southwest of Providenciales, West Caicos spans 11 square miles and has remained uninhabited for over a century. Notably, the island is home to Lake Catherine, a safeguarded wildlife sanctuary teeming with vibrant pink roseate flamingos, turtles, and various indigenous species.
Ongoing initiatives aim to transform West Caicos into an exclusive, private high-end resort, catering specifically to individuals with substantial wealth. The ownership of West Caicos is intricately woven into Frolov and Abramov’s extensive portfolio, overseen by Vollin Holdings Ltd, an entity headquartered in the British Virgin Islands.
Prague, Czech Republic
According to The Guardian, Aleksandr Vladimirovich Frolov, the former CEO of Evraz, owns a golf course community in Prague, Czech Republic, through the British Virgin Islands-based Vollin Holdings Ltd.
Prague offers a wide range of options for golf enthusiasts, with a total of 106 golf courses and resorts across the nation, even though the specific golf course community that Frolov owns is still unknown.
One standout golfing destination in the Prague vicinity is the PGA National Czech Republic Oaks Prague. Regarded as the premier golfing experience in the country, this 18-hole course stands unrivaled by any other club in the region.
Among the noteworthy golf courses in Prague are the Black Bridge Golf Resort and Golf Club Praha, offering additional options for those seeking diverse golfing experiences.
Mykonos, Greece
Aleksandr Vladimirovich Frolov, in collaboration with business partner Alexander Abramov, possesses a partially constructed hotel with accompanying land in Mykonos, Greece, facilitated through the British Virgin Islands-based company Vollin Holdings Ltd.
Mykonos, a renowned Greek island celebrated for its cosmopolitan ambiance, vibrant nightlife, and picturesque beaches, showcases traditional whitewashed houses, iconic blue-domed churches, and charming windmills lining the enchanting Little Venice. While specific details about the hotel project remain undisclosed, the ownership of property in Mykonos resonates with Frolov’s and Abramov’s inclination towards exclusive destinations and upscale developments.
Commercial properties in the UK
Aleksandr Vladimirovich Frolov, the former CEO of Evraz, reportedly holds ownership of commercial properties in the UK through Vollin Holdings Ltd, a British Virgin Islands-based entity. These properties are valued at over $120 million, as per information from The Guardian. Unfortunately, specific details about these commercial holdings are not available.
The UK’s commercial real estate sector has experienced substantial growth, nearly doubling in value since 2000. The peak was observed in 2018, surpassing £1 trillion. Within this sector, the retail, office, and industrial segments individually contribute between £260 billion and £280 billion, while other asset types collectively account for around £100 billion. Despite this growth, the commercial real estate sector faces challenges that could hasten the obsolescence of its properties. These challenges not only affect economic viability but also pose a risk to the sector’s positive contributions to society.
Specific UK Properties
Knightsbridge Apartment
Aleksandr Vladimirovich Frolov owns a flat in the prestigious Knightsbridge neighborhood in London, managed by Springvale Worldwide Ltd, a British Virgin Islands-based entity. Knightsbridge is renowned for its upscale real estate and is home to The Knightsbridge Apartments, an exclusive residential complex situated at 199 Knightsbridge, London, England. This prime location is adjacent to the Bulgari Hotel and Residences, in close proximity to the iconic Harrods department store, and near the lush surroundings of Hyde Park.
The Knightsbridge Apartments boast a collection of 201 luxury units, featuring amenities such as a communal garden square, spa, swimming pool, and 24/7 security and concierge services. This sought-after area offers a variety of high-end properties, including flats and apartments. Prices fluctuate based on factors such as size, amenities, and specific location.
St. George’s Hill Home
St. George’s Hill, situated in Weybridge, Surrey, United Kingdom, is an esteemed private gated community renowned for its exclusivity and high property values. Covering 964 acres, the estate boasts around 420 houses, making it one of the most expensive and exclusive residential areas in both the UK and globally.
Due to its strategic yet picturesque setting, this sought-after location is particularly popular with high-profile business and banking professionals. Commuters benefit from a convenient 26-minute train ride to London’s financial center, providing a perfect blend of countryside tranquility and urban accessibility.
Homes within St. George’s Hill typically range from £3 million to £17 million. Smaller lodge houses are priced between £1.25 million and £2 million, while various wings of larger houses command prices exceeding £2 million. The properties are characterized by luxury and modern design, featuring high ceilings and spacious interiors.
A noteworthy residence in St. George’s Hill is the stately home on East Road, known as “Woodlawn.” Situated on 3.7 acres of land, this property is estimated to be worth £22 million. The renowned historical architect Julian Bicknell created “Woodlawn,” which Royalton built in 2015. It has approximately 21,546 square feet of living space, including 9 bedrooms, 13 bathrooms, and more.
This article will be regularly updated to reflect new developments and insights.
