Patokh Chodiev
$1.1B
Born
Jan 01, 1953
Age
73
Source of Wealth
mining, metals
Residence
Almaty,
Citizenship
Belgium
Marital Status
Married
Children
3
Education
- 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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