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Patokh Chodiev

Patokh Chodiev

P. Chodiev
1.3% | + $14.80M
$1.15 B ₹ 10,499 Cr
Real Time Net Worth #2977 Ranking as of 21 Feb 2026 By Forbes

More on Patokh Chodiev

Gender

Male

Age

72Y

Country

Belgium

Born On

April, 1953

Deceased

No

Relationship Status

Married

Children

3

Education

Moscow State Institute Of International Relations (MGIMO)

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Mining)

Primary Organization

Eurasian Resources Group

Titles

Co-Founder

Sources of Wealth

Mining, Metals

Industry

Metals-Mining

About Patokh Chodiev


P atokh Chodiev is a prominent Uzbek-born Belgian businessman and one of the founders of the Eurasian Resources Group (formerly ENRC), a leading diversified natural resources group. He formed the company with his long-time partners, Alexander Machkevitch and Alijan Ibragimov, in the 1990s, capitalizing on the privatization of Kazakhstan's mining and metal assets. The 'Trio' built a massive empire controlling ferrochrome, aluminum, and iron ore operations.

Chodiev holds a degree in international law from the Moscow State Institute of International Relations (MGIMO) and is a fluent Japanese speaker, having spent time in Japan early in his career. He is also a noted philanthropist through the Chodiev Foundation, which supports education and the arts. Despite past legal controversies, he remains a major figure in the global mining industry.

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Quick Reads


Early Life and Background


Patokh Chodiev (also known as Fattah Shodiev) is an Uzbek-born Belgian billionaire born on April 15, 1953, in Djizak, Uzbekistan. He holds a Doctorate in Political Science and studied international law and Japanese at the Moscow State Institute of International Relations (MGIMO).

Fluent in Japanese, Chodiev began his career in the Soviet diplomatic service, specializing in Russian-Japanese commercial relations while based in Tokyo. Following the collapse of the Soviet Union, he transitioned into the private sector, identifying massive opportunities in the privatization of Kazakhstan’s mineral wealth.

  • Core Company: Eurasian Resources Group (ERG), formerly ENRC.
  • Citizenship: Became a Belgian citizen in 1997.
  • Education: Ph.D. in Political Science; MGIMO graduate.

Career Journey of Patokh Chodiev


Patokh Chodiev's career is defined by the creation of the Eurasian National Resource Corporation (ENRC) alongside partners Alexander Mashkevich and Alijan Ibragimov. The trio acquired vast mineral and gas operations during the post-Soviet privatization era in Kazakhstan.

Under his stewardship, the enterprise was floated on the London Stock Exchange in 2007 and became a member of the FTSE 100 by 2008. In 2013, the company was restructured and renamed Eurasian Resources Group (ERG), operating major mining assets across Kazakhstan, Africa, and Brazil. He is consistently ranked as the richest citizen of Belgium.

  • Global Reach: Exploits major deposits of chrome, iron ore, and aluminum in Central Asia and Africa.
  • Philanthropy: Founder of the International Chodiev Foundation, which supports academic research and children's causes.

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Patokh Chodiev's Timeline


1970s:

Serves in the USSR trade mission in Japan.

1990s:

Co-founds the precursor to ENRC in Kazakhstan.

2007:

ENRC successfully lists on the London Stock Exchange.

2013:

Company goes private and is rebranded as Eurasian Resources Group.

Major Business Ventures and Investments


Patokh Chodiev's wealth is primarily concentrated in his significant ownership stake in the private natural resources giant ERG.

  • Eurasian Resources Group (ERG): A global leader in diversified mining and metals processing.
  • Mining Operations: Holds major assets in copper and cobalt in the DRC and iron ore in Brazil.
  • Sector Focus: Mining, Metals, Natural Resources, and International Trade.

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Philanthropy and Social Impact


Fashion, Style, and Lifestyle


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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • 1. He is a passionate patron of the arts and was named 'Patron of the Year' by the Russian Ministry of Culture in 2019 for supporting Japanese Kabuki theater.
  • 2. He is the richest person in Belgium, despite not being born there and not speaking the three official languages fluently.
  • 3. His first job was a modest role as a proofreader for the newspaper Syrdarya Pravda.
  • 4. He holds high-ranking Kazakh honors, including the Order of Honor and the Order of Kurmet.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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