Patokh Chodiev Net Worth is$2.8 Billion
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Patokh Chodiev net worth: Patokh Chodiev is a co-founder and shareholder of the Eurasian Natural Resources Corporation (ENRC) who has a net worth of $2.8 billion. Together with his partners and longtime friends Alexander Machkevich and Alijan Ibragimov (both billionaires), Chodiev built the growing metals and mining empire. Based in London, ENRC has become one of the worldwide leaders in production of ferrochrome, alumina and iron ore, consolidating assets in Kazakhstan and Africa, as well as in Eastern Europe and Africa. Being an Uzbekistan native, Chodiev lived in Japan before teaming up with his pals in Kazakhstan. After he graduated from the University, he had a chance to work as a leading specialist in Soviet - Japanese economic relations in the Ministry of Trade of the USSR (1979-1989), then as a counselor of the Soviet Trade Representation in Japan (1976-1979) and finally as a special counselor for the Prime Minister of Kazakhstan (1995-1997). In addition to the above, Chodiev is one of the founders of International Mineral Resources (IMR), a mining investing company, strengthening the production of ferronickel, copper and cobalt in the Balkans, Zambia and South Africa. Also, he is a member of the board of directors of Eurasian Bank, which is one of the leaders among banks in Kazakhstan. By 2010, Patokh had accumulated enough wealth to occupy the 287th position in The Forbes World's Billionaires list. As for his private life, Chodiev is a married man with three children, a son and two daughters.
Patokh Chodiev (Fattoh Kayumovich Shodiev, Russian: ????N?N?? 3/4 N? ????N?? 1/4 ? 3/4 ???,N? ??? 3/4 ???,?u??), born 15 April 1953, in Jizzakh (Uzbekistan), is a London-based Uzbek oligarch with Belgian citizenship who, with Alexander Mashkevich and Alijan Ibragimov, is part of the "Trio," a group of Central Asian businessmen who made their fortune through deals in minerals, oil, gas, and banking in Kazakhstan. Chodiev is currently ranked #287 on the Forbes list of billionaires.
Chodiev was born in Uzbekistan. He studied international law and Japanese in Moscow, Russia. Chodiev lived in Japan. Chodiev later established the Chodiev Group.
With his partners Mashkevich and Ibragimov, Chodiev is a major shareholder in Eurasian Natural Resources Corporation (ENRC), one of the world's leading natural resources groups. ENRC, based in London, operates a number of metals assets in Kazakhstan and Africa, having acquired numerous mining operations in Eastern Europe and Africa. In 2009, ENRC generated a $1,462 million profit on sales of $3.8 billion.
ENRC was floated on the London Stock Exchange in December 2007, with a market capitalisation on Admission of approximately A?6.8 billion.
Chodiev acquired the Belgian citizenship on 27 June 1997 with help from the mayor of Waterloo, Serge Kubla (Mouvement RA(C)formateur), of Czech origin and his closest neighbour, and later (1999-2004) Minister of Economy and Foreign Commerce in the regional Walloon Government. That naturalization was irregularly obtained as knowledge of at least one official language of Belgium (Dutch, French or German) was then compulsory to become a Belgian citizen, and Chodiev spoke none of them. Moreover, the Belgian State Security Service had sent beforehand a report to the local police informing it of the mafia connections of Chodiev.

Patokh Chodiev Latest News

ENRC sues Sir Paul Judge over leaking information to the media

The three billionaire bidders, Alexander Machkevitch, Patokh Chodiev and Alijan Ibragimov, need the approval of Kazakhmys to proceed with the £3bn deal.
Posted: July 19, 2013, 1:13 pm

Trump And The Oligarch 'Trio'

The Trio did not respond to multiple requests for comment. Billionaire oligarchs Patokh Chodiev, Alijan Ibragimov and Alexander Machkevich have long been known as the Trio in Kazakhstan, where they built their fortunes in mining, oil and gas and banking.
Posted: October 3, 2016, 4:59 am

Patokh K. Chodiev

Mr. Patokh K. Chodiev is a founder shareholder of Eurasian Resources Group S.à r.l. Previously, he served as a Director of Eurasian Natural Resources Corp. Plc until December 6, 2007. Mr. Chodiev serves as a Member of Supervisory Board at Eurasian Bank JSC.
Posted: August 13, 2017, 11:35 pm

Alexander Mashkevich Looks Like Finally Getting His Wish to Take ENRC Private

According to information received the new consortium made up of Alexander Mashkevich, Alijan Ibragimov, Patokh Chodiev in cooperation with the Kazakh government have offered $2.65 per share in cash, along with a swap deal amounting to around a quarter of ...
Posted: June 24, 2013, 8:42 am

Case against three ENRC oligarchs settled

All charges pending in Belgian courts against Alexander Mashkevich, Patokh Chodiev and Alijan Ibragimov – the so-called “trio” of business partners who own 45 per cent of ENRC – were dropped on June 30, according to Belgian justice officials.
Posted: August 7, 2017, 4:39 am
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