Rank #2793
Alexander Machkevich
Net worth $1.3B
mining, metals · Israel
- Born
- Jan 01, 1954
- Age
- 72
- Source
- mining, metals
- Residence
- Almaty
- Citizenship
- Israel
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- 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.