Aristotelis Mistakidis Net Worth, Biography and Achievements

Aristotelis Mistakidis Net Worth  $2.8 billion

Telis Mistakidis is a Greek metals trader who has accumulated wealth by working for Glencore mining company where he currently serves as director and also owns shares of 3 percent. In addition to his position at the aforementioned company, Telis is also the Non-Executive Director of Mopani Copper Mines Plc. and Katanga Mining.

According to a recent report by Forbes magazine, this businessman is one of the three richest persons in Greece with assets worth more than 2 billion dollars. Born on the 24th of April, 1962, in Italy, where his father worked as a marine biologist for the United Nations,

Mr. Telis did his bachelor’s in Economics from the London School of Economics before starting his career at Cargill where he spent six years trading in non-ferrous metals. In 1993, he joined Marc Rich & Co. which was renamed Glencore after a management buyout.

He worked with diligence in the zinc, copper, and lead departments, before rising to become a co-director in the year 2000. When Glencore IPOed in May 2011, he earned a billionaire status thanks to his 3 percent stake in the company.

Though he has retired as Glencore’s head of copper marketing since December 2018, Mr. Telis still serves as a director of Recylex SA, Portovesme SRL, and Mopani Copper Mines Limited, and as a non-executive director of Xstrata and Katanga Mining.

Early Life: Childhood, Education

He was born Aristotelis Mistakidis in 1962 in Rome, Italy. His father worked as a marine biologist and was at one time an employee of the United Nations.

After completing his tertiary studies, he enrolled in the renowned London School of Economics and graduated with his bachelor’s degree in economics.

Professional Life: Business Career

After his bachelor’s, Telis was recruited into Cargill Incorporated which is a multinational and multifunctional firm based in the United States. He worked at Cargill for around six years and there, he refined his skills in the trade of non-ferrous metals, particularly copper and lead mining.

Mr. Aristotelis Mistakidis’s big break happened when he joined Glencore in 1993. The company was known as Marc Rich & Company AG at that time. He plied his trade further and went on to become the mining giant’s director in a short span of 7 years.

And now, after more than fifteen years at the establishment, he has turned it into a multifarious heavyweight. Today, Glencore has countless branches in the trades ranging from power generation and food processing industries to minerals and crude products.

In addition to this, Glencore also distributes facilities in agricultural products, steel, and also in the coal and natural gas sectors. Using his know-how in risk management and resources operations, Mr. Mistakidis has turned Glencore into the 10th biggest company amongst the Fortune Global 500 companies.

His accomplishments in his short span as Glencore’s director are numerous and serve as a testament to his dedication and work rate. Though, the major feature was when the mining firm got merged with Xstrata and subsequently purchased all its shares.

In 2011, he was finally named a billionaire with the Glencore IPO. He was the Non-Executive Director of Xstrata until its merger with Glencore. He also spent 12 years working as an Executive Director of Recylex until 2014.

The list seems never-ending as the businessman is currently playing the distinguished role of Director of Mopani Copper Mines Ltd, and also serves as the head of Portovesme S.R.L. while also occupying the seat of chief executive officer of Katanga Mining Company.

Personal Life: Family, Residence, Private Interests

Mr. Mistakidis is a happily married man. He is the father of one child and stays in Zug, Switzerland with his family. He has dual citizenship from Greece and Britain.

Aristotelis Mistakidis Net Worth: Salary, Income Sources, Assets

Best known in the media for being a Greek metals trader, Aristotelis Mistakidis currently has a net worth of 2.8 billion dollars. While he may be one of the three wealthiest Greeks alive, he didn’t just become rich out of thin air but worked hard throughout his life to build his wealth from the ground up.

He started his career after bagging his degree from the London School of Economics, working for Cargill in their private commodities division before making a decisive move to Marc Rich & Co. (now called Glencore) which later turned out to be a breakthrough for him.

Today, Glencore is the world’s largest commodities trading company and is headquartered in Baar, Switzerland. The massive company has been reported to control a vast empire of mining and marketing, with an estimated worth of $90 billion as of 2021.

From a simple boy born into an ordinary family, Telis moved on to become a brilliant adventurer who later landed a spot as the director of one of the largest companies in the world.

His tactical proficiency in business marketing and strategic operations has largely helped him in his career and by utilizing his inner strengths and talents to a full extent, he has become one of the world’s most influential and wealthiest people.