Alexander Machkevitch Net Worth

Net Worth: $2 Billion
  • Source of Wealth:

    Mining, Metal
  • Marital Status:

  • Full Name:

    Alexander Machkevitch
  • Nationality:

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About Alexander Machkevitch

Alexander Machkevitch is an Israeli businessman and investor who has an estimated net worth of $2 billion as of March 2013 according to Forbes. He is the 9th richest person in Israel and ranked 704th in the list of World Billionaires.

Machkevitch earned his estimated net worth of $2 billion when be built Eurasian Natural Resources Co. (ENRC), a metals and mining empire in Kazakhstan along with partners and longtime billionaire friends Patokh Chodiev and Alijan Ibragimov. In the past 12 months, shares have lost more than half of their value due to governance concerns where a new chairman is working to ease the relations that the three founders and the board have right now.

Known as the “Trio”, a group of Kazakh businessmen who became billionaires, they took control of privatized chromium, alumina, and gas operations in the country. ENRC, with headquarters in London, continues to expand and has been exploring the sale of international assets. It operates in with various metal assets in Kazakhstan and Africa as well as in Eastern Europe and Africa.

In August 2010, ENRC acquired 50.5% of Camrose Resources Ltd. In September of the same year, it obtained the 50% interest in Bahia Minerals, BV. In December 2012, it made a bid of $550 million for the remaining 49.5% of Camrose that it has not yet owned. It also bought out the stake of Israeli billionaire Dan Gertler.

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