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.
Resources
forbes.com/alexandermachkevich
wikipedia/AlexanderMashkevitch
www.enrc.com
eajc.org/page173
http://virtualglobetrotting.com/map/alexandermashkevitchs-house
http://www.private-jet-fan.com/russian_jet_owners.html
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