The richest people in Kazakhstan

Main article: The richest people in the world

Chronicle

2025:7 Richest Kazakhstanis

On April 1, 2025, Forbes announced an updated ranking of the richest people in the world. It included 7 businessmen from Kazakhstan, whose fortune exceeds $1 billion.

The richest Kazakhstani according to Forbes is Vyacheslav Kim - shareholder and chairman of the board of directors of Kaspi.kz, majority shareholder and member of the board of directors of Alseco JSC, the ultimate beneficiary of the Magnum Cash & Carry retail chain. His fortune is estimated at $7.1 billion, which corresponds to 464 place in the global ranking. The businessman is the president of the Kazakhstan Taekwondo Federation, a member of the board of the Association of Financiers of Kazakhstan, a member of the board of directors of NAO RFMSh, a member of the board of trustees of the Fizmat Endowment Fund, and chairman of the board of trustees of the Volunteer Society Mercy.

𝓲

Фото: kaspi.kz

Next comes Kazakhstani technology entrepreneur Mikhail Lomtadze (citizen of Georgia), who is Kim's partner. In the Forbes global ranking, Lomtadze ranks 597th with $5.9 billion. The founder of Freedom Holding Timur Turlov closes the top three, whose capital is estimated at $5.8 billion, which corresponds to 605th position.

On the fourth line in the list of the wealthiest Kazakhstanis is KAZ Minerals and Kazakhmys shareholder Vladimir Kim with $5.7 billion: he took 620th place in the Forbes global ranking of billionaires. Then come the head and co-owner of the Almex holding group Timur Kulibaev and his wife Dinara Kulibaeva with a fortune of $5.3 billion for each: this corresponds to the 673rd line in the global list. This is followed by ForteBank shareholder Bulat Utemuratov with a fortune of $3.7 billion, which corresponds to 979th position in the Forbes ranking.

Thus, the total state of Kazakhstani dollar billionaires in 2025 is estimated at $38.8 billion.^[1]

2024: Kazakhstan's richest businessmen named

Forbes Kazakhstan magazine in May 2024 presented an updated rating of the richest businessmen in the country, which this year expanded to 75 participants. For the first time, the list includes new persons, which reflects the noticeable growth of Kazakhstan's large business over the past two years. The total fortune of the rating participants increased by $8.2 billion, reaching $46.63 billion.

The leader of the rating was Vyacheslav Kim, whose fortune is estimated at $5.8 billion. The bulk of its wealth is a stake in Kaspi.kz JSC, whose shares are traded on the NASDAQ exchange. For 2023, Kim's fortune increased by $2.2 billion, which allowed him to take 511 place in the global ranking of billionaires.

𝓲

Фото: Forbes Kazakhstan

In second place in the list are Timur Dinara Kulibaevs, each of whom has a fortune of $5 billion. Their assets include Halyk Bank stakes in other large companies as well. For 2023, their total wealth increased by $700 million thanks to the rise in the value of Halyk Bank shares.

Vladimir Kim, in third place with a fortune of $3.6 billion, faced a decrease in his capital by $1 billion due to the disposal of the Russian copper project GDK Baimskaya from KAZ Minerals. However, Kim continues to control significant assets in the mining sector.

The fourth position is taken by Timur Turlov, whose fortune is estimated at $3.3 billion. He is the founder and owner of the financial and investment group Freedom Holding Corp, which is actively developing not only in Kazakhstan, but also in 18 countries of the world. In 2023, his fortune increased by $200 million.

Bulat Utemuratov ranks fifth with a fortune of $2.7 billion. It controls significant assets in the banking sector, including, ForteBank as well as in development and retail. to trade Utemuratov is also active in educational projects and philanthropy.

The ranking also included newcomers such as Arsen Tomsky, founder of InDrive, and Almaz Alsenov, founder of Harvest Group. Tomsky, who moved to Kazakhstan from Russia, is actively developing his business and has already received Kazakhstani citizenship.^[2]

Notes