Top 10 Richest People in Kazakhstan and their Net Worth in July 2018

2. Bulat Utemuratov

Image result for Bulat Utemuratov

Net Worth: $ 2.6 Billion

Source of Wealth: Finance, Telecom and Hotel Business

In 2007, Bulat Utemuratov received an estimated $785 million when Italian bank UniCredit purchased 92% of Kazakhstan’s ATF Bank for $2.1 billion. Verny Capital, in which he’s a partner, parlayed a stake in the gold producer now known as Altyntau Resources into shares of mineral company Kazzinc. In 2012 and 2013, Glencore plc and the Kazakh sovereign wealth fund bought Verny’s Kazzinc shares for over $1.8 billion. More recently, Utemuratov has invested $400 million for 88% of Kazakhstan’s ForteBank and diversified into real estate.

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