Patokh Chodiev
Encyclopedia
Patokh Chodiev born 15 April 1953, in Jizzakh
(Uzbekistan
), is a London
-based Uzbek
oligarch with Belgian citizenship who, with Alexander Mashkevich and Alijan Ibragimov
, is part of the "Trio," a group of Central Asian businessmen who made their fortune through deals in minerals, oil, gas, and banking in Kazakhstan. Chodiev is currently ranked #287 on the Forbes
list of billionaires.
. He studied international law
and Japanese
in Moscow, Russia. Chodiev lived in Japan. Chodiev later established the Chodiev Group.
and Africa
. In 2009, ENRC generated a $1,462 million profit on sales of $3.8 billion.
ENRC was floated on the London Stock Exchange
in December 2007, with a market capitalisation on Admission of approximately £6.8 billion.
, Serge Kubla (Mouvement Réformateur), of Czech origin and his closest neighbour, and later (1999-2004) Minister of Economy and Foreign Commerce in the regional Walloon Government. That naturalization was irregularly obtained as knowledge of at least one official language of Belgium (Dutch, French or German) was then compulsory to become a Belgian citizen, and Chodiev spoke none of them. Moreover, the Belgian State Security Service
had sent beforehand a report to the local police informing it of the maffious connections of Chodiev.
Jizzakh
Jizzakh is a city and the center of Jizzakh Province in Uzbekistan, northeast of Samarkand.Jizzakh was an important Silk Road junction on the road connecting Samarkand with Fergana Valley...
(Uzbekistan
Uzbekistan
Uzbekistan , officially the Republic of Uzbekistan is a doubly landlocked country in Central Asia and one of the six independent Turkic states. It shares borders with Kazakhstan to the west and to the north, Kyrgyzstan and Tajikistan to the east, and Afghanistan and Turkmenistan to the south....
), is a London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
-based Uzbek
Uzbeks
The Uzbeks are a Turkic ethnic group in Central Asia. They comprise the majority population of Uzbekistan, and large populations can also be found in Afghanistan, Tajikstan, Kyrgyzstan, Turkmenistan, Kazakhstan, Russia, Pakistan, Mongolia and the Xinjiang Uyghur Autonomous Region of China...
oligarch with Belgian citizenship who, with Alexander Mashkevich and Alijan Ibragimov
Alijan Ibragimov
Alijan Ibragimov is a Kyrgyzstan-born Uigur oligarch who is a member of a well-known circle of oligarchs in Kazakhstan known as the “Trio.” The “Trio” comprises Ibragimov and his business partners, Alexander Mashkevich and Patokh Chodiev, active in the mining, oil & gas, and banking sectors in...
, is part of the "Trio," a group of Central Asian businessmen who made their fortune through deals in minerals, oil, gas, and banking in Kazakhstan. Chodiev is currently ranked #287 on the Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
list of billionaires.
Early life
Chodiev was born in UzbekistanUzbekistan
Uzbekistan , officially the Republic of Uzbekistan is a doubly landlocked country in Central Asia and one of the six independent Turkic states. It shares borders with Kazakhstan to the west and to the north, Kyrgyzstan and Tajikistan to the east, and Afghanistan and Turkmenistan to the south....
. He studied international law
International law
Public international law concerns the structure and conduct of sovereign states; analogous entities, such as the Holy See; and intergovernmental organizations. To a lesser degree, international law also may affect multinational corporations and individuals, an impact increasingly evolving beyond...
and Japanese
Japanese language
is a language spoken by over 130 million people in Japan and in Japanese emigrant communities. It is a member of the Japonic language family, which has a number of proposed relationships with other languages, none of which has gained wide acceptance among historical linguists .Japanese is an...
in Moscow, Russia. Chodiev lived in Japan. Chodiev later established the Chodiev Group.
The Trio and Eurasian Natural Resources Corporation
With his partners Mashkevich and Ibragimov, Chodiev is a major shareholder in Eurasian National Resources Corporation (ENRC), one of the world's leading natural resources groups. ENRC, based in London, operates a number of metals assets in Kazakhstan and Africa, having acquired numerous mining operations in Eastern EuropeEastern Europe
Eastern Europe is the eastern part of Europe. The term has widely disparate geopolitical, geographical, cultural and socioeconomic readings, which makes it highly context-dependent and even volatile, and there are "almost as many definitions of Eastern Europe as there are scholars of the region"...
and Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
. In 2009, ENRC generated a $1,462 million profit on sales of $3.8 billion.
ENRC was floated on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in December 2007, with a market capitalisation on Admission of approximately £6.8 billion.
Acquisition of Belgian citizenship
Chodiev acquired the Belgian citizenship on 27 June 1997 with help from the mayor of WaterlooWaterloo, Belgium
Waterloo is a Walloon municipality located in the province of Walloon Brabant, Belgium. On December 31, 2009, Waterloo had a total population of 29,573. The total area is 21.03 km² which gives a population density of 1,407 inhabitants per km²...
, Serge Kubla (Mouvement Réformateur), of Czech origin and his closest neighbour, and later (1999-2004) Minister of Economy and Foreign Commerce in the regional Walloon Government. That naturalization was irregularly obtained as knowledge of at least one official language of Belgium (Dutch, French or German) was then compulsory to become a Belgian citizen, and Chodiev spoke none of them. Moreover, the Belgian State Security Service
Belgian State Security Service
The Belgian State Security Service, known in Dutch as Veiligheid van de Staat, or Staatsveiligheid , and in French as Sûreté de l'État , is a Belgian intelligence agency...
had sent beforehand a report to the local police informing it of the maffious connections of Chodiev.
Forbes Ranking of the richest people in the world
- 2005 (first appearance in Forbes): nr. 620, $1 bil.
- 2006: nr. 382, $2.0 bil.
- 2007: nr. 538, $1.9 bil.
- 2008: nr. 334, $3.3 bil.
- 2009: nr. 601, $1.2 bil.
- 2010: nr. 287, $3.3 bil.