Timur Kulibaev
Almaty, Kazakhstan
Bachelor of Arts/Science, Moscow State University
Kazakhstan
banking, Self Made
$3,500,000,000
715
#715 Billionaires 2019
In 1992, Timur Kulibaev created the company Altyn Alma to engage in financial and investment activities; it 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.Kulibaev and his wife, Dinara, own a majority stake in Halyk Bank of Kazakhstan. It is their most valuable holding. Forbes assumes all of Kulibaev's assets are owned 50/50 with Dinara, giving them equal net worth.
Timur Kulibaev, who has been known to deploy layers of offshore entities in transactions, is the son-in-law of Kazakhstan president Nursultan Nazarbaev.He has been on the board of Russian energy giant Gazprom since 2009 and has also held high-level positions in Kazakhstan's oil and gas sector.
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