Name
Patokh Chodiev
Patokh Chodiev
Almaty, Kazakhstan
Belgium
mining, metals, Self Made
$2,100,000,000
1116
#1116 Billionaires 2019
Eurasian Resources Group (ERG), of which Patokh Chodiev is part owner, got its start investing natural resources in Kazakhstan in the mid-1990s. With partners Alexander Machkevich 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).
Belgian Chodiev and Israeli Machkevich along with Ibragimov, a native of Uzbekistan who is now a citizen of Kazakhstan, are sometimes referred to as "The Trio."
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