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Evangelos Mytilineos
#2211

Evangelos Mytilineos

Source of wealth: Energy, metals

Net Worth

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Biography

Evangelos Mytilineos is the chairman and CEO of Athens-based, publicly traded metals and energy firm METLEN Energy & Metals.

METLEN's assets include aluminum plants, bauxite mines and solar energy projects, and the firm is Greece's largest independent electricity supplier.

METLEN grew out of a metallurgy business founded by Mytilineos' grandfather, also named Evangelos, in 1908.

Mytilineos founded the modern company, then named Mytilineos Energy & Metals, in 1990 and took it public on the Athens stock exchange in 1995.

He renamed the company METLEN in 2024 and completed a dual listing on the London stock exchange in 2025.

Financial Assets

Exchange
LONDON
Ticker
MTLN-GB
Company
METLEN Energy and Metals PLC

The Great Lie of Mega-Fortunes: The Case of Evangelos Mytilineos

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Evangelos Mytilineos, linked to Energy and 'Energy, metals', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 14 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.9 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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