Telis Mistakidis

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]

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

Early life

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

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.[6] reports Mistakidis net worth being £2.153 billion.

Personal life

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

  1. "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.
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