Patokh Chodiev Biography & Net Worth 

The ever-brilliant international businessman Patokh Chodiev is one of the founders and top shareholders of the Eurasian Natural Resources Corporation (ENRC). According to Forbes magazine in 2022, his net worth of $1.72 billion ranks him as the second-richest person in Belgium and the 704th richest businessperson in the list of World Billionaires. Born on April 15, 1953, in Jizzakh, Uzbekistan, Mr. Chodiev has been very active in the business scene for the most part of his professional career. The bulk of his wealth has been made through his work with the Eurasian Natural Resources Corporation, one of the leading diversified natural resources conglomerates in the world with integrated mining, energy, logistical, processing, and marketing operations. It has become one of the global leaders in the production of ferrochrome, iron core, and alumina, and currently has consolidating assets in Kazakhstan, parts of Eastern Europe, and Africa. Mr. Chodiev, who studied international law and Japanese in Moscow, Russia, is the founder and owner of the Chodiev Group, a conglomerate that is led by Central Asian businessmen whose fortunes have come from the minerals and banking sectors of Kazakhstan. More details follow below.

Early Life

The businessman, author, and philanthropist, Patokh Chodiev, was born on April 15, 1953, in Jizzakh, Uzbekistan.

He studied at the Moscow State Institute of International Relations, an institution that is generally acknowledged to be the leading educational establishment in the country. He graduated with a degree in international law and Japanese in 1976. Subsequently, he went on to earn a doctorate degree in political science.

Professional Life

In 1976, Patokh Chodiev joined the diplomatic service in Russia and was posted to Tokyo, Japan where, speaking fluent Japanese, he specialized in Japan-Russia commercial relations for more than ten years and developed his love and devotion for the country.

In 1989 when he left the diplomatic service, Chodiev established an international mining business that trades as the Eurasian Resources Group nowadays. It is now one of the leading diversified natural-resources companies in the world. In addition, he also founded both the Eurasia Insurance Company (Kazakhstan’s largest insurance company) and Eurasian Bank (one of the leading banking groups in Central Asia).

Patokh Chodiev is a member of the Academy of Natural Sciences of the Republic of Kazakhstan. He is known to many for being a noted philanthropist, particularly in Asia, who has been working hard for the last two decades to provide young people with access to knowledge, education, and art.

Achievements

In 2005, the multi-gifted entrepreneur and dedicated humanitarian was awarded the Order of Kurmet by the government of Kazakhstan for his contributions to cultural, social, and economic causes.

He received the Order of Barys honor in 2011, recognizing his exceptional service to Kazakhstan, including for social, industrial, scientific, and sociocultural activities.

Mr. Chodiev is an honorary chair of the Association of Japanologists of the Russian Federation. In 2014, the First Lady of Japan, Akie Abe, made him an honorary member of the Patrons of Japanese Arts. He was awarded the Order of the Friendship of the Russian Federation in 2019.

In 2019, he won the ‘Patron of the Year’ award at the 8^th St. Petersburg International Cultural Forum. That same year, the government of Russia conferred on him the ‘Order of Friendship’ of the Russian Federation.

His most recent accolade came in 2020 when he was awarded the Order of the Rising Sun by the government of Japan in recognition of his long-standing works and contributions to the development of the economic and cultural relations between Russia and Japan.

Personal Life

Patokh Chodiev is a happily married man. He is a father of three as well. His son and two daughters are also involved in his business activities.

Chodiev is fluent in Uzbek, English, Russian, and Japanese. He has revealed that his only hobby is his business, in addition to looking after his family and maintaining his legacy.

Patokh Chodiev Net Worth

Together with fellow businessmen and partners Alijan Ibragimov and Alexander Machkevich, Patokh Chodiev co-founded the global conglomerate Eurasian Natural Resources Corporation (ENRC) which is currently based in London and is known to be a global leader in the production of iron ore and alumina, with consolidating assets in Europe, Asia, and Africa.

A businessman, author, and lawyer, Patokh Chodiev has amassed his net worth which currently stands at $2 billion dollars from the aforementioned company. After graduating from the University, he worked as a leading specialist in the Ministry of Trade of the USSR (1979-1989), as a counselor of the Soviet Trade Representation in Japan (1976-1979), and later as a special counselor for the Kazakhstan Prime Minister (1995-1997), before diving into the business world by starting his own minerals and energy company. Mr. Chodiev is also one of the founders of International Mineral Resources, a mining investment company that specializes in the production of cobalt, ferronickel, and copper in the Balkans, South Africa, and Zambia.