Telis Mistakidis Αριστοτέλης Μυστακίδης | |
|---|---|
| Born | 24 April 1962 Rome, Italy |
| Nationality | Greek British |
| 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] as well as in 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 stadium of PAOK F.C.. [19]
Mistakidis appeared for first time on the Forbes Billionaires List in 2011 and today his networth 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]