Billionaire Profile
Alexander Mashkevich
Global Rank
#3021

Image: Public domain | via Wikimedia Commons

Alexander Mashkevich

CEO, Eurasian Resources Group (ERG)
IL
Real-Time Net Worth
$1.1B
As of December 2025
Age
71
Source
mining, metals
Industry
metals-mining
Citizenship
IL

Biography

Alexander Machkevich (1954-2025) was an Israeli-Kazakh businessman and philanthropist. His wealth stemmed from the mining and metals industries, and he was a major shareholder in the Eurasian Resources Group (ERG). Throughout his career, he was involved in strengthening Jewish communities, particularly in Central Asia, and supported numerous educational and cultural initiatives. He held both Kazakh and Israeli citizenship.

Wealth Over Time

In-Depth Profile

Early Life

Alexander Machkevich was born on February 23, 1954, in Frunze, Kyrgyz SSR, Soviet Union. His parents were Jewish. He graduated from Kyrgyz State University with a degree in philology and began his career in academia, eventually becoming a dean at the Kyrgyz Pedagogical Institute.

Rise to Success

Machkevich transitioned to business during the perestroika era. Along with partners Patokh Chodiev and Alijan Ibragimov, he formed what became known as "The Trio." They gained control of chromium, alumina, and gas operations in Kazakhstan. They founded the Eurasian Natural Resources Corporation (ENRC), a major player in mining and metals. ENRC was later privatized to form the Eurasian Resources Group (ERG). Machkevich served as chairman of the board of directors of ERG from 2014 to 2024.

Key Business Strategies

Machkevich's business success was built on strategic acquisitions and capitalizing on Kazakhstan's rich natural resources. His key business ventures focused on mining, metallurgy, logistics, finance, and energy production. ENRC became a major contributor to the Kazakh economy.

Philanthropy

Beyond his business ventures, Machkevich was a committed philanthropist, especially in support of Jewish causes. He founded the Kazakhstan Jewish Congress and served as president of the Euro-Asian Jewish Congress (EAJC). He also funded the construction of synagogues, mosques, and churches. His philanthropic efforts earned him recognition from the Kazakh state.

Career Milestones

1970

Graduated from Kyrgyz State University

Received a degree in philology.

1981

Youngest PhD

Became the youngest candidate of science in pedagogy and psychology.

1981-1986

Associate Professor

Associate professor and head of the faculty at Kyrgyz State University.

1988

Began Entrepreneurship

Transitioned to business ventures during the perestroika period.

1990s

Founded ENRC

Co-founded Eurasian Natural Resources Corporation (ENRC) with partners.

2000

Founded Kazakhstan Jewish Congress

Founded the Kazakhstan Jewish Congress and became its first president.

2002

President of EAJC

Became the president of the Euro-Asian Jewish Congress (EAJC).

2014-2024

Chairman of ERG

Served as chairman of the board of directors of Eurasian Resources Group.

2025

Passed Away

Died on March 22, 2025, at the age of 71.

Philanthropy & Social Impact

Religious Support

Construction of Religious Buildings

Unknown

Funded the construction and renovation of synagogues, mosques, and churches in Kazakhstan.

Jewish Community Support

Euro-Asian Jewish Congress (EAJC)

Unknown

Supported the EAJC, which connected Jewish communities in the former Soviet Union, Central Asia, and elsewhere.

Holocaust Education

Holocaust Remembrance

Unknown

Supported historical and educational projects related to Holocaust remembrance.

Business Philosophy & Leadership

Notable Quotes

"We have to find – every day – new, creative ways to respond to challenges, which we get every, every, every day the last few thousand years."

Leadership Principles

Community Building

Dedicated to strengthening and uniting Jewish communities.

Philanthropy

Committed to giving back to society through financial contributions.

Interfaith Dialogue

Committed to creating spaces for peaceful coexistence among the country's religious groups.

Controversies & Challenges

2011

Allegations of Money Laundering

Accused in Belgium of a $55 million money-laundering scheme; paid a fine with no admission of guilt.

2013

ENRC Corruption Probe

ENRC, controlled by Mashkevich and his partners, was probed by the U.K. government for corruption related to activities in Africa and Kazakhstan. The case was closed in 2023 without charges.