Aristotelis Mistakidis (born 1962) is a Swiss-based Greek metals trader who became a billionaire working for

Glencore Glencore plc is an Anglo-Swiss Multinational corporation, multinational commodity trading and mining company with headquarters in Baar, Switzerland, Baar, Switzerland. Glencore's oil and gas headquarters are in London, London, England as well a ...

. He has joint Greek/British citizenship.

Early life

Aristotelis Mistakidis was born in Rome, Italy, where his marine biologist father worked for the United Nations. He was educated at the

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

Career

Mistakidis worked for six years trading in non-ferrous metals for

Cargill Cargill, Incorporated is an American multinational food corporation based in Minnetonka, Minnesota, Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865 by William Wallace Cargill, it is the largest privately held c ...

. In 1993, he joined Marc Rich & Co in 1993, shortly before there was a management buyout and it was renamed

. 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. He owned 3% stake of

. Mistakidis is a director of Mopani Copper Mines Limited, Portovesme SRL, and SA, and a non-executive director of

Katanga Mining Katanga Mining Ltd was a mining company operating in the Democratic Republic of the Congo with its headquarters in Canada. Katanga Mining operated a major mine complex in the Congo's Katanga Province, producing refined copper and cobalt. It cl ...

and Xstrata PLC. In December 2018, Mistakidis retired from Glencore. 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. Since 2021 he has expanded his real estate portfolio in Greece as well as in the UK and the US. Only in the USA a conservative estimation speaks of an investment of half billion dollars. During 2021, Mistakidis along with US billionaire

John Paulson John Alfred Paulson (born December 14, 1955) is an American billionaire hedge fund manager. He leads Paulson & Co., a New York–based investment management firm he founded in 1994. He has been called "one of the most prominent names in high f ...

invested in Greece's second largest bank

Piraeus Bank Piraeus Bank () is a Greece, Greek multinational financial services company with its headquarters in Athens, Greece. Piraeus Bank's shares have been listed on the Athens Exchange, Athens Stock Exchange (Athens Exchange, ATHEX) since January 1918. ...

. 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. 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. ''

The Sunday Times Rich List The ''Sunday Times Rich List'' is a list of the 1,000 wealthiest people or families tax residence, resident in the United Kingdom ranked by net wealth. The list is updated annually in April and has been published as a magazine supplement by Unit ...

2022'' reports Mistakidis net worth being £2.153 billion. As of June 2025, he has agreed to fund the new stadium of

PAOK F.C. PAOK FC (, ), short for "Pan-Thessalonian Athletic Club of Constantinopolitans" (), and commonly known as PAOK Thessaloniki, PAOK Salonika or simply PAOK, is a Greek professional football club based in Thessaloniki, Macedonia, Greece. PAOK ...

Personal life

Mistakidis is married, with one child, and lives in

Zug Zug (Standard German: , Alemannic German: ; ; ; ; )Named in the 16th century. is the largest List of cities in Switzerland, town and capital of the Swiss canton of Zug. Zug is renowned as a hub for some of the wealthiest individuals in the wor ...

, Switzerland. In 2015, Mistakidis purchased a duplex flat for over £46 million in

Chesham Place Chesham Place is a street in Belgravia, City of Westminster, Westminster, Greater London, running between Belgrave Square and Pont Street. It is home to several embassies and has had many distinguished residents. It was first laid out in 1831, ...

, Belgravia, London, designed by

Christian and Nick Candy Nicholas Anthony Christopher Candy (born 23 January 1973) is a British luxury property developer and politician, who has been the treasurer of Reform UK since December 2024. He was estimated to share a joint net worth of £1.5 billion in the ' ...

, then one of the most expensive properties ever sold in the UK.

References

{{DEFAULTSORT:Mistakidis, Telis Living people 1962 births Glencore people Greek billionaires Greek commodities traders People named in the Paradise Papers