Co-Owner of ERG Alijan Ibragimov Has Died in Belgium

Millionaire and co-owner of the Eurasian Resources Group (ERG) Alijan Ibragimov has died in Belgium at the age of 67. 

As AKI Press, a news agency from Kyrgyzstan reports, the mogul died because of coronavirus. The funeral will be held in the town of Tokmok, Kyrgyzstan.

In April 2020, when Nursultan Nazarbayev, ex-president of Kazakhstan, called local businesses for support amid the pandemic, Ibragimov gave Pavlodar region and Almaty 200 million tenge ($471,988) of personal funds in total to help fight COVID-19. The ERG company also supported this fight by a transfer of four billion tenge ($9.4 million) to the Republican Foundation named Birgemiz (We Are Together).

He also had several decorations for active participation in the social and economic development of Kazakhstan, as well as various awards from foreign governments and international organizations for business development and art patronage.

Ibragimov was born on June 5, 1953, and during his long career worked as head of the Kazchrome company, and as a board member in both Aluminum of Kazakhstan and Eurasian Bank. He was a business partner of Alexander Machkevitch and Patokh Shodiyev for about 30 years.

As a co-owner of the Eurasian National Resources Corporation and Eurasian Resources Group, he owned 20.7% of ERG. His net wealth was estimated at $900 million.

Currently, ERG controls such huge enterprises as Kazchrome, SSGPO, Aluminum of Kazakhstan, Kazakhstan Electrolysis Plant, Eurasian Energy Corporation, Shubarkol Komir, TransCom, 3-Energoortalyk and ERG Service.