Top 10 Richest People of Kazakhstan
“Forbes Kazakhstan” magazine published a traditional annual ranking of the wealthiest businessmen in the country.
The total wealth of businessmen included in the Top – 50 of the magazine amounted to $23.3 billion in 2014. The top ten included: Bulat Utemuratov, Timur Kulibayev, Dinara Kulibaeva, Alican Ibragimov, Vladimir Kim, Nurjan Subkhanberdin, Rashid Sarsenov, Askar Alshinbaev, Ajgul Nureyev, Eugene Feld, who are holders of $ 13.3 billion as a whole.
The persons included in the ranking, mainly specialize in the production and sale of raw materials, banking, and agricultural production. Only a few of them have taken the risk to invest in the ICT sector and innovative technologies so far.
At the same time, the business of Kazakh millionaires becomes more diversified. This makes sense as the prices of raw materials in the world are unstable, and especially in the light of recent political events, to bet only on raw materials is fraught with losses.
1. Bulat Utemuratov
Bulat Utemuratov is the private equity investor who continues to focus on his banking activities to temper the turn down of his Russian real estate investments which including his Moscow Ritz Carlton. Verniy Capital which is his asset management company is building the “Talan Towers” that is the US $ 350 million complex in the capital city Astana. In 2007, he made his first bonus when he sold the ATF Bank to United Credit which is an Italian bank against the US $ 2.1 billion and in 2013 he again sold the mining assets to the Glencore Xstrata. Bulat Utemuratov estimated net worth is US $ 2.5 billion and he is ranked at first in the list of top 10 richest people of Kazakhstan.
2. Timur Kulibayev
Timur Kulibayev is the son-in-law of the president of Kazakhstan Nursultan Nazarbaev and he emerged as the key gamer in the Gazprom deal with the Republic of China. Since 2009 he is also in the board of Russian energy giant and also holds the several high critical position in the country’s oil and gas sectors. He sold his Altynalmas Gold against the cash payment to Ploymetal which is owned by the Russian businessman Alexander Nesis. He also owns the stakes in the Halyk Bank along with his wife Dinara. Timur Kulibaev estimated net worth of US $ 2.3 billion and he is ranked at second in the list of top 10 richest people of Kazakhstan.
3. Dinara Kulibaeva
Dinara Kulibaeva is the daughter of the Nursultan Nazarbaev who is the president of Kazakhastan and owned the oil service, gold and bank assets along with her husband Timur Kulibaev who is also a billionaire and ranked at second in our list. She receives the benefits of selling the Altynalmas Gold to the Russian billionaire Alexander Nesis firm Ploymetal for the cash payment and company shares. Dinara Kulibaev estimated net worth is US $ 2.3 billion and she is ranked third in the list of top 10 richest people of Kazakhastan.
4. Alexander Machkevitch
Alexander Machkevitch is barely trying to refresh his wealth of Eurasian Natural Resources which is the largest metal and mining domain of Kazakhstan along with his business partner and longtime friends Alijan Ibragimove and Patokh Chodiev. Their empire has been delisted in 2013 because of the slow market growth and the fraud has been found during the investigation. Alexander Machkevich estimated net worth is US $ 1.82 billion and he is ranked at No. 4 in the list of top 10 richest people of Kazakhstan.
5. Alijan Ibragimov
Alijan Ibragimov with his longtime friends and partners Patokh Chodiev and Alexander Machkevich is trying to revitalize his fortune of Eurasian Natural Resources which is the metals and the largest mining territory in the Kazakhstan. In 2003 his mining empire is become delisted, because of the market downturn delayed growth and the fraud investigation to mounted up. Alijan Ibragimov estimated net worth is US $ 1.8 billion and he is ranked at No. 5 in the list of top 10 richest people of Kazakhstan.
6. Nurzhan Subkhanberdin
Nurzhan Subkhanberdin is the chairman of Kazkommerts bank which is the largest bank of Kazakhstan. The government fund of National Welfare Samruk Kazyna is stills remain as the Kazkommerts bank shareholder after the infusing cash amount during the financial crises in 2008. He also holds and controls the interests through his stakes in the Asian Investment Company which also has interests in the energy, oil and gas sectors, transportation, telecommunication and the media houses in the Kazakhstan. Nurzhan Subkhanberdin estimated net worth is US $ 1.8 billion and he is ranked at No. 6 in the list of top 10 richest people of Kazakhstan.
7. Patokh Chodiev
Patokh Chodiev is hardly trying to revitalize his wealth of Eurasian Natural Resources which is the largest metal and mining domain of Kazakhstan along with his business partner and longtime friends Alijan Ibragimove and Alexander Machkevich. Their empire has been delisted in 2013 because of the slow market growth and the fraud has been found during the investigation. Patokh Chodiev estimated net worth is US $ 1.7 billion and he is ranked at No. 7 in the list of top 10 richest people of Kazakhstan.
8. Vladimir Kim
Vladimir Kim is the copper magnate and still he remains the majority shareholder of the KAZ Minerals which is formally known as the Kazakhmys. Its name was changed from Kazakhmys to Kaz Minerals because of the slimmed down and its helps to reconstruct in 2014 and since then its stock price is tanked under the serious debt burden. He also controls the older mines under the Cuprum Holdings which still works under the name of Kazakhmys. Vladimir Kim estimated net worth is US $ 1.48 billion and he is ranked at No. 8 in the list of top 10 richest people of Kazakhstan.
9. Aygul Nurieva
Aygul Nurieva is the chairman of the TeliaSonera which has bought the WiMax Company from the Alem Communication Company is August 2012 against the US $ 170 million. She also owns the Alem Communications which 53 % shares are belongs to the Mrs. Nurieva through the Midas Telecom. Her other belongings are A1 System Kazakhstan and the Kaznet Media which are also associated with Midas Telecom. Aygul Nurieva estimated net worth is US $ 98 million and she is ranked at No. 9 in the list of top 10 richest people of Kazakhstan.
10. Askar Alshin
Askar Alshin is the Kazakhstan businessman and he owned the Novaport through his business empire has also control the Meridian Capital. He also obtain the 50 % of the Tomsk and Volgograd and get the consent from the Federal Antimonopoly services of the Russia to purchase the shares in the capital “Astrakhan Airport” through his investment company. Askar Alshin estimated net worth is US $ 93 million and he is ranked at No. 10 in the list of top 10 richest people of Kazakhstan.