Latest roster of Kazakhstan's wealthiest entrepreneurs unveiled
Spilling the Beans on Kazakhstan's Moolah Masters
These cats are more than just rubles and tenge in the pockets - they're the bigwigs shaking up Kazakhstan's economic scene while making the big bucks. Here's the low-down on the top earners vying for the number one spot:
First off, we've got Timur Turlov, the dude who's practically a household name in Central Asia. He started small as a young gun trader before rocketing to financial stardom. Here's what you need to know:
Background- Youngblood: Timur started his journey early, proving his mettle in trading and financial management.- The Revolutionary: Timur's known for his ambitious vision of modernizing investment services and making finance accessible to the masses.
Business Empire- Freedom Holding Corp.: This is Turlov's baby, the financial services titan that operates across the U.S., Europe, and Central Asia. It's as legit as they come, trading on the NASDAQ[4].- The Diversified Empire: Under Timur's leadership, Freedom Holding Corp. has expanded into a plethora of services, including brokerage, banking (Freedom Bank), insurance (Freedom Insurance and Freedom Life), and lifestyle services (Aviata, Arbuz.kz, Chockotravel, Ticketon) – all united under the Freedom SuperApp[3].- Media and Tech: Timur's also made some savvy investments in media and telecommunications, recognizing the synergy with fintech. His empire has been pumping out Financier magazine for over a decade, showing his love for media[2][3].- Fostering Financial Inclusion: Timur's an advocate for financial inclusion, harnessing digital innovation to empower investment tools and promote financial literacy throughout Kazakhstan[4].
Now let's talk about the man who's king of the hill, the big kahuna - Vyacheslav Kim. He's still sitting pretty at the top, but listen to these figures:
Kim's Kingdom- Stake in AO "Kaspi.kz": Kaspi.kz is Kim's golden goose, generating the majority of his wealth.- Other Assets: The man's also got his fingers in AO "Alseko", TОО "Astana-EERC", TОO "ELTOP Soft", and TОO "POSITIVE Invest".- Jusan Bank: Kim's made some headlines for his interest in acquiring 97.5% of AO "Jusan Bank" from Galymzhan Esenov[5].
To round up the top three, we've got Vladimir Kim, with a cool $5.7 billion to his name:
Vlad's Domain- KAZ Minerals Ltd.: This is the backbone of Vlad's wealth, with operations in Kazakhstan's open-pit mines and the "Eastern Region" underground mining complex.- Holding Company: Vlad's also got a 70% stake in Kazakhmys Holding Limited[6].- Bank RBK: He's the proud owner of 89.79% of AO "Bank RBK"[6].
There's a whole host of other players charting the Kazakhstan wealth landscape, including:
Timur Kulibayev and his missus Dinara Kulibayeva (4th-5th, $5.3 billion) – These two have fingers in plenty of pies, including JSC "Joint Resources", LLP "Mercury Properties", and a hefty slice of Halyk Bank[7].
Bulat Utemuratov (6th, $3.7 billion) – Utemuratov controls ForteBank, has a stake in "Beeline" in Kazakhstan, owns multiple hotels, and has his name attached to the Mareterra project in Monaco[8].
Mukadashan Ibraimova, Dostan, Davron, Shukhrat, Furkhat, and the Ibraimov family (7th, $2.06 billion) – These folks are the brains behind the Eurasian Resources Group, with significant interests in Kazchrome, Sokолоvsko-Sarbaiskoye GOK, Aluminium of Kazakhstan, and others[9].
Last but not least, let's take a peek at Nurlan Smagulov (8th, $990 million), the Sarsenov family (9th, $980 million), and Aydyn Rakhimbayev (10th, $967 million), who are also making their presence known in the Kazakhstan diaspora.
Remember to check out Forbes.kz for the complete run-down of Kazakhstan's wealthiest gentlemen (and a lady or two). And don't forget, six of them are richer than old man Trump! So, go on, get yourself some intel and subscribe to Telegram – you know you want to!
Insights:- Timur Turlov: A prominent Kazakhstani businessman, Turlov is the CEO of Freedom Holding Corp., a publicly-traded financial services powerhouse on NASDAQ that's diversified into various financial services [1]. His empire also comprises media channels and telecommunications firms, demonstrating his forward-thinking approach to business [2][3].- Timur Kulibayev and Dinara Kulibayeva: Partnership is key for this duo, as they work together to manage their assets and businesses [7]. They own JSC "Joint Resources" and LLP "Mercury Properties", and they're part-owners of Halyk Bank [7].- Bulat Utemuratov: Aside from his various businesses, Utemuratov has made significant investments, such as the Mareterra project in Monaco and the NAO "Narxoz University" [8]. He's also the owner of the Bulat Utemuratov Foundation, which focuses on socio-cultural projects in Kazakhstan [8].- Mukadashan Ibraimova, Dostan, Davron, Shukhrat, Furkhat, and the Ibraimov family: The Ibraimovs are a family business, with brothers Shukhrat and Furkhat taking on key roles in Eurasian Resources Group [9]. The group's Kazakhstan operations include JSC "TNK "Kazchrome" and JSC "Sokолоvsko-Sarbaiskoye GOK" [9]. The Ibraimov family is also involved in other businesses, such as JSC "Euroasian Financial Company", JSC "Euroasian Industrial Company", and LLP "Euroasian Production Company" [9].
- Timur Turlov, the prominent businessman in Kazakhstan, is the CEO of Freedom Holding Corp., a financial services giant that trades on NASDAQ and has expanded into various services including brokerage, banking, insurance, and lifestyle services.
- Timur Turlov's business empire also includes investments in media and telecommunications, demonstrating his forward-thinking approach to business, as he's been publishing Financier magazine for over a decade.
- Vyacheslav Kim, the wealthiest person in Kazakhstan, generates the majority of his wealth from his stake in AO "Kaspi.kz," while also having his fingers in other assets like AO "Alseko," TОO "Astana-EERC," TОO "ELTOP Soft," and TОO "POSITIVE Invest."
- Meanwhile, Timur Kulibayev and his wife Dinara Kulibayeva are a powerful duo in the Kazakhstani business scene, managing their assets and businesses together through JSC "Joint Resources," LLP "Mercury Properties," and a share in Halyk Bank.
