Portrait of Timur Kulibayev

Rank #792

Timur Kulibayev

Net worth $5.3B

Banking · Kazakhstan

Born
Sep 10, 1966
Age
59
Source
Banking
Residence
Almaty
Citizenship
Kazakhstan
Marital status
Married
Children
3
Education
Bachelor of Arts/Science, Moscow State University

Net worth over time

Biography

  • Timur Kulibayev is the founder of Altyn Alma, an investment company created in 1992 that later morphed into Almex LLP.
  • An investment in mobile service paid off in 2004, when a company he controlled sold Kar-Tel, operating in Kazakhstan, to VimpleCom for $350 million.
  • In 2014, he sold Altynalmas Gold to Polymetal, part-owned by Russian billionaire Alexander Nesis, for cash and company shares.
  • Kulibayev and his wife, Dinara, own a majority stake in Halyk Bank of Kazakhstan.
  • Kulibayev's father-in-law is Nursultan Nazarbayev, Kazakhstan's first president, from 2010 to 2019.
  • Timur Kulibayev has been known to deploy layers of offshore entities in his transactions.
  • He was on the board of Russian energy giant Gazprom from 2009 to 2022 and has also held high-level positions in Kazakhstan's oil and gas sector.

Financial assets

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