Bulat Utemuratov

Bulat Zhamitovich Utemuratov is a Kazakhstani businessman, society figure, diplomat and philanthropist. Utemuratov is currently the richest person in Kazakhstan. 

  • 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.

Bulat Utemuratov