Top 5: richest people in Kazakhstan in 2021

The world of business is not at all simple; it has its own rules and laws. To gain recognition requires not only hard work, but also getting along with money. After all, they come to those who know how to dispose of them. We have compiled for you the top 5 richest people in Kazakhstan. If you want to be among them, we recommend that you study the experience of famous entrepreneurs and famous businessmen and make relevant conclusions. Perhaps, the right purchase in business is more important than a successful sale.



5th place is occupied by Mikhail Lomtadze. He has been living in Kazakhstan since 2007 and is the chairman of the board of JSC. Owns 23% of the common shares of the group.

In October, the group placed global depositary receipts (GDRs) on the London Stock Exchange in the amount of $ 1 billion. For nine months of 2020, JSC increased its net profit by 42.8%, to 184.4 billion tenge.

In November of last year, Forbes wrote that this is "the transformation of from a small startup into a giant of financial technologies." His fortune is estimated at $ 3.2 billion.

4th place is taken by Vyacheslav Kim. He is the chairman of the board of directors and owner of 25% of JSC (before the IPO it was 36.69%), which operates three platforms - Payments, Marketplace and Fintech, integrated into a mobile application. The group also includes Kaspi Bank.

Chairman of the Supervisory Board of the Magnum retail chain, member of the Supervisory Board of Alseco JSC, member of the Board of Trustees of the Republican Public Association QazaqGeography. President of the Kazakhstan Taekwondo Federation, a member of the Fizmat Endowment Fund, an independent member of the Board of Directors of the RFMS, a member of the Board of Trustees of the Almaty Triathlon Federation and the Charity Fund "Mercy". His fortune is estimated at $ 3.3 billion.

3rd place is for Bulat Utemuratov. He owns 87.27% in ForteBank JSC, which, according to the National Bank as of October 1, 2020, ranks third in terms of assets among 26 Kazakh banks. The bank's equity capital is 238 billion tenge.

Utemuratov holds 1.16% of the shares of the multinational company Glencore Plc. Through the Verny Capital group, the businessman owns 25% of KaR-Tel LLP and 49.9% of Sky Mobile LLC (Beeline telecom operators in Kazakhstan and Kyrgyzstan, respectively), 65% in the gold mining RG Gold, Ritz-Carlton hotels in Nur-Sultan, Vienna and Moscow, Rixos Borovoe in Akmola region (100%), Burger King fast food franchise in Kazakhstan, developer Global Development, share in Sary-Arka airport in Karaganda, information and analytical Internet portal , a share in the 31 Kanal shopping and entertainment complex (80%), the operator of the media advertising market Video International Kazakhstan (50%). He also owns 100% Kazakh Media Management Systems LLP and Direct Technology Company LLP.

The businessman is the founder of his own charitable foundation, heads the Kazakhstan Tennis Federation and is a member of the board of directors of the International Tennis Federation ITF. His fortune is estimated at $ 3.4 billion.

2nd place is taken by Vladimir Kim. He is a majority owner and non-executive director of the KAZ Minerals PLC group, whose portfolio includes copper projects Bozshakol in the Pavlodar region, Aktogay and the East region in the East Kazakhstan region, copper-gold Bozymchak in Kyrgyzstan and the Baimskoye deposit in Chukotka. The businessman owns 31.6% of the shares. The group's enterprises in Kazakhstan employ approximately 16 thousand employees.

Kim's second major asset is 70% in Kazakhmys Corporation LLP. The structure of the company includes production associations in the Karaganda region, six processing plants, two thermal power plants, one state district power station, two copper smelters and one copper rod plant.

The businessman owns a majority stake in Bank RBK JSC, shares in the Tak TV and radio company, Astorent LLP (distribution of TV programs and film products), Central Asian Assistanse LLP (medical service). President of Kazakhmys Holding LLP. His fortune is estimated at $ 4.6 billion.

1st place is taken by Dinara and Timur Kulibayevs. Forbes estimates their combined fortune at $ 5.6 billion ($ 2.8 billion each). The Kulibayev couple, through their company Almex, control the country's largest bank, Halyk Bank of Kazakhstan. In the past, the ex-president's son-in-law owned a mobile operator and a gold mining company.

Timur Kulibayev, 54, is the head of the Kazakhstan Association of Oil and Gas and Energy Complex Organizations KAZENERGY, a member of the board of directors of the Russian company Gazprom, chairman of the National Olympic Committee and head of the Kazakhstan Boxing Federation.

 Dinara Kulibayeva, 53, is a non-public person. She is the middle of three daughters of ex-President of Kazakhstan Nursultan Nazarbayev and Sara Nazarbayeva. Known as the owner of several luxury real estate in Switzerland, in 2019 she acquired Bellerive Castle, built in the 17th century, which is considered a historical site of national importance.


Author: Moldir Adamzhan

Translator: Chingiz Smakov

Photo: from open sources

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