Bulat Utemuratov

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Bulat Utemuratov
Bulat Zhamitovich Utemuratov

(1957-11-13) 13 November 1957 (age 61)
Net worthIncreaseUS$2.3 billion (2015)
Spouse(s)Utemuratova (Baishuakova) Azhar Abzhamiyevna

Bulat Zhamitovich Utemuratov (also called Bolat, Kazakh: Болат Жамитұлы Өтемұратов; Russian: Булат Жамитович Утемуратов, born 13 November 1957) is a Kazakhstani businessman, society figure, diplomat and philanthropist. Utemuratov is currently the richest person in Kazakhstan.[1]

In 1999 Utemuratov was a member of The Bureau of the Economic Commission for Europe (UNECE)[2]

Since 2007, Bulat Utemuratov has been the President of the Kazakhstan Tennis Federation.[3]

Public and charity activity[edit]

In the frame of his mandate of President of the Kazakhstan Tennis Federation, Bulat Utemuratov has developed various charity associations in relation with this sport for Kazakh youth. Upon his initiative, the “Team Kazakhstan” tennis Academy was created specifically to train promising players of the national tennis team. Since 2010, Kazakhstan is regularly ranked among the world's top tennis nations. From September 2015, Utemuratov has been a board member of the International Tennis Federation.[4] In 2017, the International Tennis Federation and Asian Tennis Federation awarded Bulat Utemuratov for transcendent merit in the development of tennis in the region[5]

In February 2014 he founded the Private Charity Fund of Bulat Utemuratov[6] and he has been a member of the Board of Trustees ever since. The main goal of the Fund is working towards the healthy development of autistic children and providing adequate child support.

Entrepreneurial activity[edit]

Bulat Utemuratov is one of the most prolific entrepreneurs of Kazakhstan.[1] His first large project was the development of the “ATF Bank” and its successful sale to UniCredit[7] (from 1995 until November 2007). During that time, the bank grew from a small financial institution to a large multi-regional and multi-product financial group with 160 branches. After the 2009 crisis, the following banks were created: Kassa Nova, the first microcredit bank in Kazakhstan and ForteBank, a business bank. In May 2014, Samruk-Kazyna SWF closed a sale of its shares in Temirbank and part of its shares in Aliance Bank to businessman Bulat Utemuratov. Bulat Utemuratov is a key fund investor (not a shareholder) of Verny Capital[8] investment group, together with VEON he also owns two telecommunications operators –“KarTel”[9] in Kazakhstan and “SkyMobile” in Kyrgyzstan operating under the brand: Beeline. In May 2016, he led the list of the 50 richest businessmen of Kazakhstan with an estimated capital of USD 2,4 billion.


Awards of the Republic of Kazakhstan:

  • Kurmet order (2002)[10]
  • Honorary citizen of Kyzylorda Region[11]

Personal life[edit]

Wife- Utemuratova (Baishuakova) Azhar Abzhamiyevna. Children: sons Alidar Utemuratov (born in 1979) and Anuar Utemuratov (born in 1983), daughter Dinara (born in 1998).[12]


  1. ^ a b "The World's Billionaires".
  2. ^ "Press Releases 1999". www.unece.org.
  3. ^ "Kazakhstan Tennis Federation -". www.ktf.kz.
  4. ^ http://www.itftennis.com/news/215120.aspx
  5. ^ http://asiantennis.com/wp-content/uploads/2016/12/Newsletter-November_ATF-AGM.pdf
  6. ^ http://utemuratovfoundation.org/
  7. ^ "Kazakh Billionaire Said to Weigh Bid as State Sells Banks". 9 April 2013 – via www.bloomberg.com.
  8. ^ "Kazzinc, Verny to Buy Kazakh Gold Producer for 30 Billion Tenge". 19 February 2013 – via www.bloomberg.com.
  9. ^ "Kazakh Billionaire Says He's Got Nothing to Hide". 13 November 2013 – via www.bloomberg.com.
  10. ^ "О награждении государственными наградами республики казахстан". kazakhstan.news-city.info.
  11. ^ "Вручение государственных наград - Номад - 16.12.2014". nomad.su.
  12. ^ http://www.exclusive.kz/expertiza/antresoli/11302/