Telis Mistakidis
{{short description|Swiss-based Greek metals trader (born 1962)}}
{{Use dmy dates|date=August 2020}}
{{Infobox person
| name = Telis Mistakidis
Αριστοτέλης Μυστακίδης
| image =
| caption =
| birth_date = {{Birth date and age|1962|4|24|df=y}}
| birth_place = Rome, Italy
| death_date =
| death_place =
| known_for = Glencore shareholder
| occupation = Businessman
| education =
| nationality = Greek
British
| spouse = Married
| children = 1
}}
Aristotelis Mistakidis (born 1962) is a Swiss-based Greek metals trader who became a billionaire working for Glencore. He has joint Greek/British citizenship.{{cite web|title=Forbes profile: Aristotelis Mistakidis |url=https://www.forbes.com/profile/aristotelis-mistakidis/ |website=Forbes |accessdate=13 August 2020}}
Early life
Aristotelis Mistakidis was born in Rome, Italy, where his marine biologist father worked for the United Nations.{{cite news|last1=Mandravelis|first1=Vangelis|title=The third Greek on Forbes list|url=http://ekathimerini.com/4dcgi/_w_articles_wsite2_1_10/06/2011_394370|accessdate=7 November 2014|work=Ekathimerini|date=10 June 2011}} He was educated at the London School of Economics.
Career
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. He owned 3% stake of Glencore.
Mistakidis is a director of Mopani Copper Mines Limited, Portovesme SRL, and {{proper name|Recylex}} SA, and a non-executive director of Katanga Mining and Xstrata PLC.{{cite web|title=Aristotelis Mistakidis|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=43924944&ticker=GLEN:LN|archive-url=https://archive.today/20141107225238/http://investing.businessweek.com/research/stocks/people/person.asp?personId=43924944&ticker=GLEN:LN|url-status=dead|archive-date=7 November 2014|website=Businessweek|accessdate=7 November 2014}}
In December 2018, Mistakidis retired from Glencore.{{Cite news|url=https://www.bloomberg.com/news/articles/2019-06-03/glencore-s-head-of-oil-retires-accelerating-generational-shift|title=Glencore's Executive Departures Hasten as Oil Chief Leaves|date=2019-06-04|access-date=2019-06-06|language=en}}
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.Dixon, Gary (9 October 2024). “[https://www.tradewindsnews.com/tankers/union-maritime-and-greek-bank-owner-aristotelis-mistakidis-join-forces-with-new-shipowning-venture/2-1-1721861 Union Maritime and Greek bank owner Aristotelis Mistakidis join forces with new shipowning venture].” TradeWinds. Retrieved 4 February 2025.Tsimplakis, Antonis (10 September 2024). [https://www.naftemporiki.gr/maritime/1762613/naytilia-fthinoporino-rali-naypigiseon/ "Ναυτιλία: Φθινοπωρινό ράλι ναυπηγήσεων" (Shipping: Autumn Shipbuilding Rally)]. Naftemporiki. Retrieved 4 February 2025.
Since 2021 he has expanded his real estate portfolio in GreeceKosmetatos, Micheal (15 March 2021). [https://www.newmoney.gr/roh/palmos-oikonomias/epixeiriseis/aristotelis-mistakidis-to-elliniko-portfolio-tou-krisou-sta-akinita-ke-ta-epomena-deals/ “Αριστοτέλης Μυστακίδης: Το ελληνικό portfolio του κροίσου στα ακίνητα και τα επόμενα deals” (Aristotelis Mistakidis: The Greek real estate portfolio and the next deals).] newmoney.gr. Retrieved 4 February 2025. [https://www.typosthes.gr/thessaloniki/263632_telis-mystakidis-ktirio-fileto-poy-agorase-o-megistanas-apo-ti-thessaloniki “Τέλης Μυστακίδης: Το κτίριο – φιλέτο που αγόρασε ο μεγιστάνας από τη Θεσσαλονίκη” (Telis Mistakidis: The building - fillet that the tycoon from Thessaloniki bought).] typosthes.gr. 19 October 2021. Retrieved 4 February 2025.[https://networthfd.com/hotelbrain-new-era-for-the-former-hotel-nikopolis/ “HotelBrain: New era for the former Hotel Nikopolis.”] networthfd.com. 7 June 2024. Retrieved 4 February 2025. [https://www.newmoney.gr/roh/palmos-oikonomias/business-stories/telis-mistakidis-apo-vasilias-tou-chalkou-sillektis-akiniton-pics/ “Τέλης Μυστακίδης: Aπό «βασιλιάς του χαλκού», συλλέκτης ακινήτων” (Telis Mistakidis: from "king of copper" to real estate collector).] newmoney.gr. 19 October 2021. Retrieved 4 February 2025. as well as in the UKWilson, Nigel (7 January 2015). [https://www.ibtimes.co.uk/glencore-mining-tycoon-telis-mistakidis-pays-46m-london-belgravia-flat-1482385 “Glencore mining tycoon Telis Mistakidis pays £46m for London Belgravia flat.”] International Business Times. Retrieved 4 February 2025. and the US. Only in the USA a conservative estimation speaks of an investment of half billion dollars.[https://therealdeal.com/new-york/2024/11/19/columbia-property-trust-nabs-buyer-for-799-broadway/ “Savanna buys Columbia Property Trust’s distressed 799 Broadway”.] The Real Deal (magazine). 19 November 2024. Retrieved 4 February 2025.[https://therealdeal.com/new-york/2024/12/30/invesco-swallows-loss-on-meatpacking-office-sale-to-savanna/ “Bargain-hunting Savanna picks up Invesco’s 430 West 15th for $85M.”] The Real Deal (magazine). 30 December 2024. Retrieved 4 February 2025.
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.{{cite web|url=https://www.businessdaily.gr/english-edition/20136_king-copper-has-come-stay-piraeus-bank|website=Businessdaily|title=The "king of copper" has come to stay at Piraeus Bank|first=Nóntas|last=Chaldoúpis|date=16 June 2020}}
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.[https://www.naftemporiki.gr/maritime/1830297/egkrithike-i-diadikasia-fit-proper-toy-aristoteli-mystakidi-gia-tin-abbank/?utm%20source=chatgpt.com “Εγκρίθηκε η διαδικασία fit & proper του Αριστοτέλη Μυστακίδη για την ABBank” (Aristotelis Mistakidis' fit & proper procedure for ABBank has been approved)]. Naftemporiki. 17 November 2024. Retrieved 4 February 2025.Lowry, Nigel (8 April 2024). [https://www.lloydslist.com/LL1148766/Mistakidis-takes-control-of-Greece%e2%80%99s-AB-Bank “Mistakidis takes control of Greece’s AB Bank.”] Lloyd's List. Retrieved 4 February 2025.[https://www.ot.gr/2024/04/05/english-edition/mistakidis-takes-control-of-abbank-ownership-and-shareholders/ “Mistakidis Takes Control of ABBank – Ownership and Shareholders.”] ot.gr. 5 April 2024. Retrieved 4 February 2025.
The Sunday Times Rich List 2022 reports Mistakidis net worth being £2.153 billion.{{Cite web|url=https://www.thetimes.com/sunday-times-rich-list|title = The Sunday Times Rich List 2022|website = The Times|access-date=14 June 2022 }}
Personal life
Mistakidis is married, with one child, and lives in Zug, Switzerland.
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.{{cite news |last1=Hearn |first1=Adrian |last2=Lynch |first2=Russell |title=EXCLUSIVE: Tycoon pays £46m for London flat (plus £3m more in stamp duty) |url=https://www.standard.co.uk/news/uk/exclusive-tycoon-pays-ps46m-for-london-flat-plus-ps3m-more-in-stamp-duty-9962649.html |access-date=24 August 2022 |work=Evening Standard |date=7 January 2015}}
References
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