Alexander Mashkevitch

Alexander Mashkevich
Born	(1954-02-23) 23 February 1954 Frunze, Kyrgyz SSR
Died	22 March 2025(2025-03-22) (aged 71)
Nationality	Israeli, Kazakh
Occupation(s)	Businessman, investor
Known for	Eurasian Natural Resources Corporation, "the Trio"

Alexander Antonovich Mashkevich (; alternatively transliterated as Alexandr Mashkevic; ; born 23 February 1954 – died 22 March 2025) was a businessman and investor holding dual Israeli and Kazakh citizenship, known for his significant investments and political connections within Kazakhstan.

Following the dissolution of the Soviet Union, Mashkevich accumulated considerable wealth by collaborating with Patokh Chodiev and Alijan Ibragimov to acquire privatized mineral and energy resources in Kazakhstan. This partnership led to the establishment of the Eurasian Natural Resources Corporation.

Background

Mashkevich was born on 23 February 1954 in Frunze, now known as Bishkek, located in the Kyrgyz SSR. He hailed from a Lithuanian Jewish family; his father practiced medicine while his mother worked as a lawyer. After earning a philology degree from Kyrgyz State University, he initially pursued an academic career before shifting into business amid the perestroika reforms.

He held the presidency of the Euro-Asian Jewish Congress (EAJC), a prominent regional division of the World Jewish Congress, until 2011. Additionally, Mashkevich founded the Alliance of Rabbis in Islamic States and was a key financial supporter of the Israel advocacy organization European Friends of Israel.

In 2002, through consultations with Israeli Defense Minister Binyamin Ben-Eliezer and leveraging his close relationship with Kazakhstan’s President Nursultan Nazarbayev, Mashkevich sought assistance from Iranian officials to secure the release of Israeli soldiers detained by Hezbollah.

Career

Together with Patokh Chodiev and Alijan Ibragimov, Mashkevich formed what became known as "the Trio," a group of Kazakh entrepreneurs who amassed billionaire status by acquiring control over some of the world’s largest newly privatized chromium, alumina, and natural gas enterprises in Kazakhstan.

Mashkevich was a principal shareholder in the Eurasian National Resources Corporation (ENRC), which evolved into a leading international natural resources company. Headquartered in London, ENRC managed significant metal assets across Kazakhstan and Africa, expanding its mining portfolio throughout Eastern Europe and Africa. In 2009, ENRC reported profits amounting to $1.464 billion on revenues of $3.8 billion. The firm debuted on the London Stock Exchange in December 2007 with an estimated market value near £6.8 billion before being privatized in 2013 to form the Eurasian Resources Group.

He also held co-ownership stakes in London-based Alferon Management, which acquired mining properties spanning Zambia, the Democratic Republic of Congo, Indonesia, Kosovo, Russia, among other locations.

By 2019, Mashkevich was listed on the Forbes billionaire rankings with an estimated net worth of $2.4 billion.

On 6 April 2011, he revealed intentions to create a media platform centered on Jewish audiences inspired by the model of Al-Jazeera.

Personal life and death

Alexander Mashkevich was married and had two children. Among his possessions was the luxury yacht Lady Lara.

He died at age 71 on 22 March 2025.

External links

• Forbes profile for Mashkevich