Alexander Machkevitch is an Israeli-Kazakh businessman with major holdings and political relationships in Kazakhstan with a net worth of $2 billion.
In the aftermath of the collapse of the Soviet Union, he founded the company Eurasian Natural Resources Corp, a company dealing with minerals and gas. He is the owner of LADY LARA.
|Net Worth:||$2 billion|
|Source of Wealth:||Mining|
Alexander Machkevitch Net Worth
Alexander Machkevitch owns multiple properties throughout the world, including an oceanfront villa, Roquebrune Cap Martin, in the South of France. The property includes former owners Dino de Laurentiis and Silvana Mangano’s wife.
Machkevitch reportedly has a net worth of $2 billion. Machkevitch is the owner of superyacht LADY LARA, a $180 million vessel length of 91m. He also owns a private jet, a Gulfstream G650 (M-AAAL).
Alexander Machkevitch was born in 1954 in the Soviet Union. He studied philology, the study of language in oral and written historical text, at the Kyrgyz State University and began his career as an academic.
He became a businessman during perestroika, a political movement for reformation in the Communist Party of the Soviet Union in the 1980s. Moving on from a political career, he became a part of “the Trio,” which included Patokh Chodiev and Alijan Ibragimov.
These businessman billionaires gained control of the recently privatized chromium, alumina, and gas operations in Kazakhstan, which are amongst the world’s largest producers.
He is married to Larissa Fadeeva. He has two daughters with his wife: All Machkevitch and Anna Machkevitch. Machkevitch is of Jewish descent.
He aims to create an international news network that fairly represents Jewish people in media. He is the founder of the Euro-Asian Jewish Congress, a branch of the World Jewish Congress active in 30 countries. He holds both Kazakh and Israeli citizenship.
Along with his business partners in the Trio, Machkevitch has a stake in ERG which they developed in the 1990s. Machkevitch acts as chairman of the board for ERG. The company was delisted from the stock exchange in 2013.
ERG is now a diversified group that focuses on resources with production assets and development projects in 14 countries across four continents.
Mining, smelting and energy production, and logistics are just a few of the major corporation’s services. There are also financial services as Kazakhstan’s Eurasian Bank is a company’s subsidiary.
He is one of the owners of Alferon Management, a London-based company. The company has acquired mining operations in Zambia, the Democratic Republic of Congo, Indonesia, Russia, and other countries.
Machkevitch and his wife, Larissa Fadeeva, are involved in philanthropy, using their Machkevitch Foundation to give back with their wealth.