One year earlier, Frolov and Abramov decided to sell Energostroyinvest-Holding, a leading energy infrastructure company. Aside from Ervaz, Frolov also holds a stake in Highlands Gold Mining, which declined 45% last year. When it comes to his beginnings, Alexander Frolov first served as a research fellow at the I.V. Kurchatov Institute of Atomic Energy, since he has already held a doctorate in physics and mathematics. Frolov still has over $1 billion in cash, which is enough to remain on the international billionaires list irrespective of the tanking value of Ervaz and Highlands Gold Mining.
