Timur Kulibaev
Overview
- Source of Wealth
- Banking
- Industry
- Finance & Investments
- Residence
- Almaty
- Education
- Moscow State University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 3
Assets
- HALYK SAVINGS BANK GDR94,794,000 shares @ --HSBK-GB
Biography
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.
Kulibaev's wife's father is Nursultan Nazarbayev, Kazakhstan's first president, from 2010 to 2019.
About
Timur Kulibaev has been known to deploy layers of offshore entities in his transactions.
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.