Alexander Machkevich
Almaty, Kazakhstan
Israel
mining, metals, Self Made
$2,400,000,000
962
#962 Billionaires 2019
Eurasian Resources Group (ERG), of which Alexander Machkevich is part owner, got its start investing natural resources in Kazakhstan in the mid-1990s.With partners Patokh Chodiev and Alijan Ibragimov (both billionaires), he took Eurasian Natural Resources Corp. (ENRC) public in London in 2007.They delisted ENRC in 2013, after its stock price deflated amid a market downturn, stalled growth and investigative inquiries.Today, ERG is a diversified natural resources group with production assets and development projects in 14 countries across four continents.Its activities range from mining and smelting to energy production, logistics and financial services (Kazakhstan's Eurasian Bank is a subsidiary).
Israeli Machkevich and Belgian Chodiev along with Ibragimov, a native of Uzbekistan who is now a citizen of Kazakhstan, are sometimes referred to as "The Trio."Machkevitch is Chairman of ERG and has been instrumental in negotiating joint projects with China in metals, mining and infrastructure.
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