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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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.
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.
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Serves in the USSR trade mission in Japan.
Co-founds the precursor to ENRC in Kazakhstan.
ENRC successfully lists on the London Stock Exchange.
Company goes private and is rebranded as Eurasian Resources Group.
Patokh Chodiev's wealth is primarily concentrated in his significant ownership stake in the private natural resources giant ERG.
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-3.77% | -$313.17M
+0.21% | +$8.13M
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