Telis Mistakidis Net Worth

Telis Mistakidis has an estimated net worth of $4.4 billion, according to Forbes Real-Time Billionaires, Telis Mistakidis profile (figures as of October 20, 2026). That is up from $2.1 billion in 2019.

Telis Mistakidis is a Greek businessman and investor known for mining and commodities. He built his name through a long career in metals trading and later through investments in banking, shipping, real estate, and sports. Mistakidis started at Cargill, then joined Marc Rich & Co. in 1993, before it became Glencore. Over about 25 years there, he rose into senior metals roles and became one of the company’s largest individual shareholders.

His wealth is closely tied to Glencore. Mistakidis became a billionaire in 2011 when the company went public, turning several senior partners into very wealthy shareholders. He later stepped down from his role leading Glencore’s copper business at the end of 2018. After that, he broadened his investments. In 2021, he invested in Piraeus Capital, and he later acquired control of Aegean Baltic Bank. He also became the majority owner of PAOK BC in 2025.

How Telis Mistakidis built his fortune

Most of Mistakidis’ fortune began in commodities. He spent 6 years at Cargill trading non-ferrous metals, then moved to Marc Rich & Co. in 1993. After management bought the firm and renamed it Glencore, he worked across zinc, lead, and copper. He became one of the most senior executives in Glencore’s metals business and one of its biggest individual shareholders. That long run in mining and commodities made him rich.

After leaving Glencore at the end of 2018, he put money into other sectors. He built a position in Piraeus Bank in 2020, then invested alongside John Paulson in Greece’s second largest bank, Piraeus Capital, in 2021. He also moved into shipping and real estate. In 2024, he acquired control of Aegean Baltic Bank, a lender focused on shipping finance. In 2025, he added sports by becoming the majority owner of PAOK BC.

What Forbes says about his net worth

Forbes has shown big swings in Mistakidis’ wealth over time. On the Forbes World’s Billionaires List, it estimated him at $2.1 billion in 2019, then $1.1 billion in 2020. The following entries moved higher, to $2.3 billion in 2021 and $3.6 billion in 2022. Those changes fit a fortune tied to mining, commodities, and a large Glencore stake, where market value can move sharply from year to year.

The later Forbes figures were closer together before rising again. Forbes put him at $3.2 billion in 2023, $3.3 billion in 2024, and $3 billion in 2025. On the 2026 Forbes billionaires list, the estimate climbed to $4.2 billion. Forbes’ real-time tracker placed him at $4.4 billion as of October 20, 2026. That range shows how much his wealth can shift with the value of mining and commodities holdings.