Frolov graduated with honors from the Department of Molecular and Chemical Physics of the Moscow Institute of Physics and Technology in 1987. He received his Ph.D. in physics and mathematics from the same institute in 1991. Frolov worked at the Kurchatov Institute of Atomic Energy in Moscow. In 1994 he became an entrepreneur. From 2007 till September 2021 he was the CEO of Evraz (LSE: EVR). Frolov’s partner, Alexander Abramov, was the Chairman of EVRAZ. Both of them resigned from EVRAZ Board of directors in March 2022.
According to Forbes list of billionaires, he has a net worth of $2.6 billion as of August 2022. He ranks 1341rd on Forbes’ List of Billionaires in 2022.
Frolov is married and has one child.

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