ALEXANDER MACHKEVITCH • Net Worth $2 Billion • House • Yacht • Private Jet • ENRC

Name:Alexander Machkevitch
Net Worth:$ 2 billion
Source of Wealth:Eurasian Natural Resources Corporation (ENRC)
Born:February 23, 1954
Country:Kazakhstan, Israel
Wife:Larissa Fadeeva
Children:Alla Machkevitch, Anna Machkevitch
Residence:Roquebrune Cap Martin, France
Private Jet:Gulfstream G650 (M-AAAL)
YachtLady Lara

Who is Alexander Machkevitch?

Alexander Machkevitch, born in February 1954, is a magnate hailing from Kazakhstan. Holding dual citizenship in both Israel and Kazakhstan, Machkevitch has built an impressive empire as a businessman and is an influential figure in the world of natural resources.

Key Takeaways:

  • Alexander Machkevitch is a successful businessman and philanthropist with dual citizenship in Israel and Kazakhstan.
  • He co-founded the Eurasian Natural Resources Corporation (ENRC), a major player in mining, metals, and energy industries.
  • ENRC is one of the world’s largest producers of ferrochrome, an essential component in stainless steel production.
  • Machkevitch holds a 15% stake in ENRC, valued at approximately US$ 2 billion.
  • Alongside his successful business endeavors, Machkevitch and his wife, Larissa, are active philanthropists through the Machkevitch Foundation.

Personal Life: Family and Relationships

Machkevitch shares his life with his spouse, Larissa, with whom he has two children, Alla Machkevitch and Anna Machkevitch. Together, they form a tight-knit family that has witnessed the ebbs and flows of the business world.

A Titan in the Natural Resources Industry

In the corporate world, Machkevitch holds an esteemed position as Chairman of the Board and shareholder at ENRC, the Eurasian Natural Resources Corporation. He co-founded this corporation with fellow businessmen Alijan Ibragimov and Patokh Chodiev. The trio has propelled ENRC to be a major player in the natural resources sector, focusing on mining, metals, and energy.

Ferrochrome: The Alloy Powering ENRC’s Success

Among its various activities, ENRC is one of the world’s leading producers of ferrochrome, a critical alloy made of iron and chromium that is essential for manufacturing stainless steel. Besides, ENRC owns expansive iron ore, copper, and cobalt mines and satisfies almost 20% of Kazakhstan’s energy requirements. These multifaceted ventures have helped ENRC to be a significant contributor to Kazakhstan’s economy and gain a position on the stock market.

Examining the Machkevitch Stake in ENRC

ENRC, with a workforce of 85,000 employees, achieved a remarkable revenue of US$ 7 billion in 2019. As a testament to his instrumental role in the corporation, Machkevitch holds a 15% stake in ENRC, corresponding to approximately 188,000,000 shares and valued at around US$ 2 billion.

Assessing the Alexander Machkevitch Fortune

Forbes, a reliable name in financial evaluation, approximates Machkevitch’s net worth to be US$ 2 billion, a testament to his business acumen and strategic investments.

Machkevitch’s Philanthropic Pursuits

Beyond his business ventures, Alexander and his wife Larissa Fadeeva are avid philanthropists. They have demonstrated their commitment to giving back to society through their Machkevitch Foundation, providing assistance to various causes and making a difference in the lives of many.

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Yacht Lady Lara Owner

Alexander Machkevitch

Yacht Lady Lara

He is the owner of the Lurssen motor yacht Lady Lara, which he named after his wife.

The Lady Lara Yacht is a 92-meter motor yacht built by Lurssen in 2015.

Powered by twin MTU engines, she boasts a top speed of 18 knots and a cruising speed of 14 knots.

The yacht’s interior and exterior were designed by Reymond Langton Design, with features such as VIP suites with fold-down balconies and a large beach club.

The Lady Lara can accommodate 18 guests with a crew of 40.