Patokh Chodiev

$1.09 B

Ranked #3203 in World

About Patokh Chodiev

Belgian-Uzbek oligarch and philanthropist, Patokh Chodiev, born on April 15, 1953, in Uzbekistan, is a notable figure in the minerals industry with significant operations in Kazakhstan, Africa, and Brazil, alongside partners Alexander Mashkevich and Alijan Ibragimov. His co-founded entity, the Eurasian Natural Resources Corp. (ENRC), later Eurasian Resources Group (ERG), has seen profits and investments grow globally. Chodiev's influence extends to philanthropy through the International Chodiev Foundation, supporting academic and humanitarian causes across several countries. Despite controversies, including a parliamentary inquiry into his Belgian naturalization and legal actions for defamation, Chodiev's contributions to education, intercultural relations, and the arts have been recognized through multiple prestigious awards. His businesses and philanthropic endeavors continue to impact the global finance and charitable sectors.

Born

January 01, 1953 in Djizak, Uzbekistan

Age

73 years

Source Of Wealth

Mining, Metals

Industries

Metals & Mining

Citizenship

Belgium

Residence

Almaty

Patokh Chodiev, a Belgian-Uzbek oligarch and philanthropist, was born on April 15, 1953, in Uzbekistan. He studied international law and Japanese at the prestigious Moscow State Institute of International Relations (MGIMO), demonstrating his intellectual prowess and interest in global affairs from an early age.

Patokh Chodiev: Family

Information about Patokh Chodiev's family background is not readily available.

Patokh Chodiev: Career Highlights

After completing his education, Chodiev joined the diplomatic service, specializing in Russian-Japanese commercial relations. His fluency in Japanese allowed him to navigate the intricacies of international diplomacy and establish strong connections in the business world.

Chodiev's career took a significant turn when he moved to Tokyo for a few years, where he gained valuable insights into Japanese culture and business practices. This experience laid the foundation for his future success in international ventures.

Patokh Chodiev: Companies

Chodiev is actively involved in various ventures in the minerals sector across Kazakhstan, Africa, and Brazil, often collaborating with his business partners Alexander Mashkevich and Alijan Ibragimov. Together, they co-founded Eurasian Natural Resources Corp. (ENRC), a leading natural resource company that has made a significant impact in the global mining industry.

ENRC achieved remarkable success, generating a profit of $1.462 billion from a turnover of $3.8 billion in 2009. The company's growth was driven by its strategic acquisition of mining operations in Eastern Europe and Africa, allowing it to exploit rich mineral deposits in these regions.

In 2013, ENRC underwent a transformation and was renamed Eurasian Resources Group (ERG), with its headquarters registered in Luxembourg. ERG continued to thrive, posting earnings before interest, taxes, depreciation, and amortization of $2 billion in 2017, solidifying its position as a major player in the natural resource industry.

Patokh Chodiev: Major Achievements

Chodiev's entrepreneurial endeavors have been recognized and celebrated. In 2018, ERG received an improved credit rating from Standard and Poor's, reflecting the company's financial strength and stability.

Patokh Chodiev: Awards & Achievements

Chodiev's contributions to society have been widely acknowledged through prestigious awards and honors.

In 2019, he was bestowed with the title of "Patron of the Year" by the Russian Ministry of Culture, recognizing his unwavering support for cultural initiatives.

In 2020, Chodiev was further honored with the Order of Friendship (Russia) for his patronage of education, intercultural relations, and the arts. The same year, he received the prestigious Order of the Rising Sun (First Class) from Japan in recognition of his significant contributions to economic and cultural ties between Japan and Russia.

Patokh Chodiev: Personal Life & Legacy

Chodiev's personal life remains largely private, with limited information available to the public. His philanthropic efforts, however, have left a lasting legacy, particularly through the establishment of the International Chodiev Foundation (ICF) in 1996.

The ICF provides grants and scholarships to deserving students at MGIMO, his alma mater. Over the years, it has evolved into an international philanthropic center that supports academic research, arts, and children's causes. The foundation operates in several countries, including Ukraine, Russia, Kazakhstan, Uzbekistan, and Japan.

In 2017, the ICF registered a representative office in Uzbekistan, focusing on humanitarian assistance and healthcare for orphanages. Chodiev's commitment to social welfare is further demonstrated by his plans to invest in Uzbekistan, including the construction of shopping malls and a metallurgical plant in Tashkent.

Patokh Chodiev: Trivia

Chodiev's acquisition of Belgian citizenship on June 27, 1997, sparked controversy due to his limited fluency in Belgium's official languages. The circumstances surrounding his naturalization were the subject of debate and an official inquiry, but he was ultimately cleared of any wrongdoing.

Chodiev has faced legal challenges related to defamatory remarks made against him during the Kazakhgate commission inquiry. He took legal action and successfully defended his reputation, with the Court of Appeal of Liège condemning the defamatory statements.

Chodiev's name has also appeared in various press reports, including allegations of embezzlement, forgery, money laundering, and bribery.

However, he has consistently denied any wrongdoing, and some of these cases have been settled or dismissed.

Wealth History

Timeline

April 15, 1953

Patokh Chodiev is born in Uzbekistan.

1996

Patokh Chodiev establishes the International Chodiev Foundation (ICF).

June 27, 1997

Patokh Chodiev acquires Belgian citizenship.

1999

Tractebel lodges a complaint against two employees for embezzling consulting fees paid to Chodiev and associates.

2009

ENRC generates a profit of $1.462 billion from a turnover of $3.8 billion.

2011

Patokh Chodiev, Alexander Mashkevich, and Alijan Ibragimov settle a forgery and money laundering investigation in Belgium with a lump sum payment.

2013

ENRC is renamed to Eurasian Resources Group (ERG) and registered in Luxembourg.

2016

Patokh Chodiev is named among 732 Belgians linked to offshore companies in the Panama Papers scandal.

2017

ERG posts earnings before interest, taxes, depreciation, and amortization of $2 billion.

January 2017

Patokh Chodiev's Belgian naturalization becomes the subject of an official inquiry.

2018

ERG receives an improved credit rating from Standard and Poor's.

2018

ENRC is accused of bribery to obtain mining rights in Kazakhstan and Africa.

2018

A parliamentary commission of inquiry concludes that Patokh Chodiev's naturalization procedures were not influenced by Serge Kubla.

2019

Patokh Chodiev takes legal action against Georges Gilkinet for defamatory remarks made during the Kazakhgate commission inquiry.

2019

Patokh Chodiev receives the title of "Patron of the Year" from the Russian Ministry of Culture.

2020

Patokh Chodiev is awarded the Order of Friendship (Russia) for patronage of education, intercultural relations, and the arts.

2020

Patokh Chodiev is awarded the Order of the Rising Sun (First Class) (Japan) for contributions to economic and cultural ties between Japan and Russia.

2021

The Court of Appeal of Liège condemns Georges Gilkinet for his defamatory remarks against Patokh Chodiev.

2022

The Court of Cassation confirms the basis of Georges Gilkinet's judicial condemnation.

2022

ENRC sues a British journalist for his book suggesting ENRC's involvement in the deaths of three employees. The lawsuit is dismissed.

Patokh Chodiev : FAQs

What is Patokh Chodiev's current net worth?

Patokh Chodiev's current net worth is $1.09 billion.

What is Patokh Chodiev's current global rank among billionaires?

Patokh Chodiev holds the 3203rd position globally among billionaires.

What is Patokh Chodiev's current ranking within the Belgium?

Patokh Chodiev holds the 16th position in Belgium.

What was the change in Patokh Chodiev's net worth compared to the previous year?

Patokh Chodiev's net worth decreased by 15.94 million dollars compared to the previous year 2025, when his net worth was 1.11 billion dollars.

What are Patokh Chodiev's main sources of wealth?

Patokh Chodiev's main source of income comes from Mining, Metals.

In which industry does Patokh Chodiev primarily operate?

Patokh Chodiev is primarily involved in the Metals & Mining industry.

How old is Patokh Chodiev?

Patokh Chodiev is 73 years old.

How many children does Patokh Chodiev have?

Patokh Chodiev has 3 children.

Who is Patokh Chodiev and what are his notable contributions?

Patokh Chodiev is a Belgian-Uzbek oligarch, philanthropist, and co-founder of the Eurasian Natural Resources Corp. He is known for his extensive ventures in the minerals sector across Kazakhstan, Africa, and Brazil, and for his philanthropic efforts through the International Chodiev Foundation.

What is the Eurasian Natural Resources Corp. (ENRC) and its significance in the mining industry?

The Eurasian Natural Resources Corp. (ENRC), co-founded by Chodiev, Mashkevich, and Ibragimov, is a leading natural resource company that has significantly exploited mineral deposits in Kazakhstan and Africa, generating a profit of $1.462 billion from a turnover of $3.8 billion in 2009.

How has Patokh Chodiev contributed to philanthropy and education?

Patokh Chodiev established the International Chodiev Foundation in 1996, providing grants and scholarships to students and supporting academic research, arts, and children's causes internationally, with notable operations in Ukraine, Russia, Kazakhstan, Uzbekistan, and Japan.

What controversies and legal challenges has Patokh Chodiev faced?

Patokh Chodiev has faced controversies including a debate over his Belgian naturalization obtained without fluency in Belgium's official languages, accusations around naturalization procedures, and legal actions related to defamatory remarks made by Georges Gilkinet confirmed by the Court of Appeal of Liège in 2021.

What international honors and awards has Patokh Chodiev received?

Patokh Chodiev has been acknowledged for his contributions to culture and intercultural relations with several awards, including the title of "Patron of the Year" from the Russian Ministry of Culture in 2019, the Order of Friendship (Russia) in 2020, and the Order of the Rising Sun (First Class) (Japan) in 2020.