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Telis Mistakidis

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Telis Mistakidis
Αριστοτέλης Μυστακίδης
Born (1962-04-24) 24 April 1962 (age 62)
Rome, Italy
NationalityGreek
British
OccupationBusinessman
Known forGlencore shareholder
SpouseMarried
Children1

Aristotelis Mistakidis (born 1962) is a Swiss-based Greek metals trader who became a billionaire working for Glencore. He has joint Greek/British citizenship.[1]

Early life

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Aristotelis Mistakidis was born in Rome, Italy, where his marine biologist father worked for the United Nations.[2] He was educated at the London School of Economics.[1]

Career

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Mistakidis worked for six years trading in non-ferrous metals for Cargill. In 1993, he joined Marc Rich & Co in 1993, shortly before there was a management buyout and it was renamed Glencore. He worked in the zinc, copper and lead department, rising to become a co-director in 2000. He became a billionaire with the May 2011 Glencore IPO.[1] He owned 3% stake of Glencore.[1]

Mistakidis is a director of Mopani Copper Mines Limited, Portovesme SRL, and Recylex SA, and a non-executive director of Katanga Mining and Xstrata PLC.[3]

In December 2018, Mistakidis retired as Glencore's head of copper marketing.[4]

During 2021, Mistakidis along with US billionaire John Paulson invested in Greece's second largest bank Piraeus Bank. He holds a 5.14% stake in the bank, Mistakidis highlighted his confidence in the Greek national economy in the investment worth 31 million euros.[1][5]

The Sunday Times Rich List 2022 reports Mistakidis net worth being £2.153 billion.[6]

Personal life

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Mistakidis is married, with one child, and lives in Zug, Switzerland.[1]

In 2015, Mistakidis purchased a duplex flat for over £46 million in Chesham Place, Belgravia, London, designed by Christian and Nick Candy, then one of the most expensive properties ever sold in the UK.[7]

References

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  1. ^ a b c d e f "Forbes profile: Aristotelis Mistakidis". Forbes. Retrieved 13 August 2020.
  2. ^ Mandravelis, Vangelis (10 June 2011). "The third Greek on Forbes list". Ekathimerini. Retrieved 7 November 2014.
  3. ^ "Aristotelis Mistakidis". Businessweek. Archived from the original on 7 November 2014. Retrieved 7 November 2014.
  4. ^ "Glencore's Executive Departures Hasten as Oil Chief Leaves". 4 June 2019. Retrieved 6 June 2019.
  5. ^ Chaldoúpis, Nóntas (16 June 2020). "The "king of copper" has come to stay at Piraeus Bank". Businessdaily.
  6. ^ "The Sunday Times Rich List 2022". The Times. Retrieved 14 June 2022.
  7. ^ Hearn, Adrian; Lynch, Russell (7 January 2015). "EXCLUSIVE: Tycoon pays £46m for London flat (plus £3m more in stamp duty)". Evening Standard. Retrieved 24 August 2022.