Telis Mistakidis

Aristotelis (Telis) Mistakidis (born 1962) is a Swiss-based Greek metals trader who became a billionaire working for Glencore. He has joint Greek/British citizenship and he is ranked on the Forbes list for 2024 at number 1272.^[1]

Telis Mistakidis Αριστοτέλης Μυστακίδης
Born	(1962-04-24) 24 April 1962 (age 63) Rome, Italy
Nationality	Greek British
Occupation	Businessman
Known for	Glencore shareholder
Spouse	Married
Children	1

Early life

Aristotelis Mistakidis was born in Rome, Italy, where his marine biologist father worked for the United Nations.^[2] He was educated at the London School of Economics.^[1]

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.^[1] He owned 3% stake of Glencore.^[1]

Mistakidis is a director of Mopani Copper Mines Limited, Portovesme SRL, and Recylex SA, and a non-executive director of Katanga Mining and Xstrata PLC.^[3]

In December 2018, Mistakidis retired from Glencore.^[4]

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.^[5][6]

Since 2021 he has expanded his real estate portfolio in Greece^{[7][8][9][10]} as well as in the UK^[11] and the US. Only in the USA a conservative estimation speaks of an investment of half billion dollars.^[12][13]

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.^[1][14]

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.^[15][16][17]

The Sunday Times Rich List 2022 reports Mistakidis net worth being £2.153 billion.^[18]

As of June 2025, he has agreed to fund the new stadium of PAOK F.C..^[19]

Mistakidis appeared for first time on the Forbes Billionaires List in 2011 and today his networth is estimated at US$3.1 billion.^[1]

Personal life

Mistakidis is married, with one child, and lives in Zug, Switzerland.^[1]

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.^[20]