Billionaire Profile

Global Rank

#1272

Image: Public domain | via Wikimedia Commons

Aristotelis Mistakidis

CEO, Glencore

Real-Time Net Worth

$3.3B

As of December 2025

Age

Source

Mining, commodities

Industry

metals-mining

Citizenship

Biography

Aristotelis Mistakidis, born in Rome, Italy, in 1962, is a Greek-British billionaire known for his significant influence in the global metals and mining industry. His source of wealth stems from his expertise in mining and commodities. Mistakidis's career began at Cargill, before joining Marc Rich & Co. in 1993, which later became Glencore. He rose to prominence within Glencore, becoming a key executive in the copper business. His achievements include building Glencore's copper trading operations into a major player in the market and holding significant directorships in several mining companies. As of 2024, his net worth is estimated to be $3.3 billion.

Wealth Over Time

Portfolio Holdings

Aegean Baltic Bank (ABBank)

Glencore

In-Depth Profile

Early Life

Aristotelis Mistakidis, often called "Telis," was born in Rome, Italy, on April 24, 1962. His father worked as a marine biologist for the United Nations. He later moved to London, where he attended the London School of Economics.

Rise to Success

Mistakidis began his career at Cargill, trading non-ferrous metals for six years. In 1993, he joined Marc Rich & Co., which later became Glencore. He quickly rose through the ranks, becoming co-director of the zinc, copper, and lead department in 2000. His wealth increased significantly with Glencore's IPO in 2011. Mistakidis was also involved in mining operations, overseeing investments in copper, zinc, and other metals. In 2018, he stepped down from his role at Glencore but retained a significant stake in the company.

Key Business Strategies

Mistakidis's strategies involved aggressive hedging in the early 2000s, helping Glencore navigate market downturns. He was known for his sharp negotiation skills and expertise in commodity trading, which contributed to Glencore's success and profitability.

Philanthropy

In June 2025, Mistakidis agreed to fund the new stadium for PAOK F.C.. He has invested in the Greek economy, including a 5.14% stake in Piraeus Bank in 2021 and acquiring a controlling stake in Aegean Baltic Bank (ABBank) in April 2024.

Career Milestones

1993

Joined Marc Rich & Co.

Joined Marc Rich & Co., which later became Glencore, as a trader.

2000

Co-director of the zinc, copper, and lead department

Rose to co-director within Glencore's metals division.

2011

Glencore IPO

Became a billionaire with the Glencore IPO.

2018

Retired from Glencore

Stepped down as the director of Glencore's copper business.

2024

Acquired Controlling stake in Aegean Baltic Bank (ABBank)

Secured 68% control of the bank.

Philanthropy & Social Impact

Sports

PAOK F.C. Stadium Funding

Undisclosed

Agreed to fund the construction of the new Toumba Stadium in Thessaloniki.

Controversies & Challenges

2018

Canadian Regulatory Fine

Fined and banned from being a director by Canadian regulators due to accounting irregularities at copper mines.