Telis Mistakidis Αριστοτέλης Μυστακίδης | |
|---|---|
| Born | 24 April 1962 Rome, Italy |
| Occupation | Businessman |
| Known for | Glencore shareholder |
| Spouse | Married |
| Children | 1 |
Aristotelis (Telis) Mistakidis (born 1962) is a Swiss-based Greek metals trader who became a billionaire working for Glencore. He has joint Greek/British citizenship and he is ranked on the Forbes list for 2024 at number 1272. [1]
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]
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 from Glencore. [4]
Ever since, he has expanded his business endeavors by building a diversified portfolio with emphasis on shipping, real estate, and banking.
Mistakidis has entered the shipping industry since 2021. [5] [6]
Since 2021 he has expanded his real estate portfolio in Greece, [7] [8] [9] [10] the UK, [11] and the US. Only in the USA a conservative estimation speaks of an investment of half billion dollars. [12] [13]
During 2021, Mistakidis along with US billionaire John Paulson invested in Greece's second largest bank Piraeus Bank. He held a 5.14% stake in the bank. Mistakidis highlighted his confidence in the Greek national economy in the investment worth 50 million euros. [1] [14]
In April 2024, he acquired a controlling stake in Aegean Baltic Bank (ABBank) by purchasing 48% of its shares, effectively securing 68% control over the bank. At the time of acquisition, ABBank reported assets of €1.15 billion, customer deposits of €1 billion, and loans totaling €505 million. [15] [16] [17]
The Sunday Times Rich List 2022 reports Mistakidis net worth being £2.153 billion. [18]
As of June 2025, he has agreed to fund the New Toumba Stadium project of PAOK F.C.. [19]
From November 26, 2025, the company Alpha Sports Group Single Member SA of Aristotelis Mistakidis interests is officially the owner of PAOK BC.
Mistakidis appeared for first time on the Forbes Billionaires List in 2011 and today his net worth is estimated at US$3.1 billion. [1]
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. [20]