Timur Kulibaev

Timur Asqaruly Kulibayev is a Kazakhstani business oligarch and son-in-law of former Kazakh president Nursultan Nazarbayev. Kulibayev has held several positions in important state-owned enterprises that manage Kazakhstan’s natural resources, and has immense influence over the country’s hydrocarbon industry.

  • 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.

Altyn Alma Timur Kulibaev