Patokh Chodiev Net Worth

Net Worth: $1.72 Billion
  • Source of Wealth:

    Mining, Metals
  • Age:

  • Birth Place:

    Jizzakh, Uzbekistan
  • Marital Status:

  • Full Name:

    Fattoh Kayumovich Shodiev
  • Nationality:

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About Fattoh Kayumovich Shodiev

Patokh Chodiev is one of the founders and shareholders of the Eurasian Natural Resources Corporation (ENRC) and he has an estimated net worth of $1.72 billion according to Forbes as of April 2016. With his wealth, he is the second richest person in Belgium and is ranked 704th in the list of World Billionaires.

Born on April 15, 1953 in Jizzakh, Uzbekistan, Fattoh Kayumovich Shodiev has earned his estimated net worth of $2.1 billion with ENRC, one of the leading diversified natural resources groups with integrated mining, processing, energy, logistical, and marketing operations. It has become one of the worldwide leaders in the production of ferrochrome, alumina and iron core. It also has consolidating assets in Kazakhstan and Africa as well as in Eastern Europe and Africa.

In the past twelve months, shares in ENRC have lost more than half of their value based on government concerns. In order to ease the relations between the trio and the board, a new chairman is working on the concerns. The company continues to expand its business and has been exploring the sale of international assets. In December 2012, the firm made a $550 million bid for the remaining 49.5 percent of Camrose Resources that ENRC does not yet own and buy out the stake of Israeli billionaire Dan Gertler.

Mr. Chodiev studied international law and Japanese in Moscow, Russia. He later established the Chodiev Group. He is part of the “Trio” along with Alexander Mashkevich and Alijan Ibragimov. The group is made up of Central Asian businessmen who made their fortune in minerals, oil, gas, and banking in Kazakhstan.

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