What is Patokh Chodiev's Net Worth?
Patokh Chodiev is a prominent businessman, co-founder, and shareholder of the Eurasian Natural Resources Corporation (ENRC), boasting a net worth of $1.9 billion. Together with his partners, Alexander Machkevich and Alijan Ibragimov, Chodiev built a leading metals and mining empire. ENRC, headquartered in London, has become a global leader in producing ferrochrome, alumina, and iron ore with consolidated assets across Kazakhstan, Africa, and Eastern Europe.
Originally from Uzbekistan, Chodiev resided in Japan before collaborating with his long-time friends in Kazakhstan. After graduating from university, Chodiev worked as a leading specialist in Soviet-Japanese economic relations (1979-1989) at the Ministry of Trade of the USSR. His career then took him to the position of counselor at the Soviet Trade Representation in Japan (1976-1979) and later as a special counselor for the Prime Minister of Kazakhstan (1995-1997).
Beyond ENRC, Chodiev co-founded International Mineral Resources (IMR), a mining investment company that enhances the production of ferronickel, copper, and cobalt in the Balkans, Zambia, and South Africa. Additionally, he serves on the board of directors of Eurasian Bank, a leading bank in Kazakhstan.
In his personal life, Patokh Chodiev is married with three children: a son and two daughters. In 2017, his Belgian naturalization was scrutinized during an official inquiry.
Patokh Chodiev's Business Ventures
Patokh Chodiev has a diverse portfolio of business ventures that include not only the ENRC but also roles in other significant enterprises. His involvement with International Mineral Resources (IMR) underscores his influential position in the mining sector. IMR focuses on enhancing production capacities and operations across various geographies, contributing to the broader industry.
The Impact of Eurasian Bank
Eurasian Bank, with Chodiev as a board member, stands out as one of Kazakhstan’s premier financial institutions. Under his oversight, the bank has seen substantial growth, providing pivotal financial services and facilitating economic development in the region.
Personal Life and Recent Developments
Apart from his remarkable business accomplishments, Chodiev’s life attracted public attention in 2017 due to an investigation into his Belgian naturalization. Despite this scrutiny, he continues to focus on his family and maintains a private life, with a wife and three children: a son and two daughters.
(Valeriy Levitin/AFP via Getty Images)
