Name
Bulat Utemuratov
Bulat Utemuratov
Astana, Kazakhstan
Kazakhstan
mining, banking, hotels, Self Made
$3,400,000,000
645
#645 Billionaires 2019
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.
Utemuratov made lucrative investments in mobile service providers Kar-Tel and Sky Mobile, both ultimately acquired by VimpelCom.Verny Capital has plowed capital into new Ritz-Carlton hotels in Astana, Vienna and Moscow.
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