Kenges Rakishev

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Kenges Rakishev

Kenges Rakishev, a Kazakh businessman and investor. He is dedesignated by Forbes as one of the 50 most influential people in Kazakhstan. Kenges is a founder of Genesis Angels, a private investment fund dedicated to early stage advanced technology companies and is considered among the world's top 10 private investors of 2012. He serves as chairman of the board of directors for several large companies including SAT & Company (KASE: SATC), a diversified industrial holding. Benefitting from Kenges’ leadership, SAT & Co., which has interests in mechanical engineering, infrastructure projects and petrochemical operations as well as plants and projects in Turkey and China, has grown from its initial investment of $10K in 2000 to more than $500M today. Kenges also is chairman of the board for Kazakhstan Petrochemical Industries, the lead operator constructing the first integrated gas chemical complex in Kazakhstan, as well as Vyborg Shipyard, one of the largest shipbuilding companies in the northwestern region of Russia.

He serves as chairman of Net Element after acquiring $32 million in Net Element stock. The investment into Net Element is part of Kenges’ strategy to apply his expertise and access to capital to seize opportunities in the Commonwealth of Independent States (CIS) countries by leveraging advanced technologies and partnerships abroad.

Throughout his career, Kenges has served in several top positions in both the public and private sector, ranging from head of marketing for KazTransGas and Intergas Central Asia to advisor for the Kazakhstan Interior Ministry and Department of Education.

Recent Investments[edit]

  •, $1 million, First Round, November 6, 2012
  • Mobli, $20 million, Series B, September 9, 2012
  • TriPlay, $5 million, Series C, August 22, 2012
  • Net Element, $32 million in stock acquisition, February 23, 2012
  • Fast Lane Ventures, $13 million, December 6, 2012
  • Genesis Angels, $100 million fund, April 19, 2013


Kenges earned a diploma from the Oxford Saïd Business School in Advanced Management in 2007 and a certificate from the London Business School in Developing Strategy for Value Creation in 2007. He earned degrees in economics from the T.Ryskulov’ Kazakh Economic University in 2002 and law from the Kazakh National Law Academy in 2000.

Personal life[edit]

When he is not working, Kenges actively supports the initiatives of the Saby Foundation, the charitable organization headed by his wife, Asel Tasmagambetova, to help provide educational and advancement opportunities for underprivileged Kazakh youths. In his spare time, Kenges also enjoys equestrianism and boxing.

Honors & Awards[edit]

Kenges was designated by Forbes as one of the 50 most influential people in Kazakhstan, was awarded the medal of "20 years of independence of the Republic of Kazakhstan", the medal of "10 years in the city of Astana", and was awarded a special appreciation letter from the President of the Republic of Kazakhstan, Mr. Nursultan Abishevich Nazarbayev.

External links[edit]

  • SAT & Co. [1]
  • Net Element [2]
  • "Kazakhstan Business Leader Kenges Rakishev Buys $32M in Net Element" [3]
  • "Jewels of Central Asia: The Discover Kazakhstan Benefit at the New York Public Library" [4]
  • Forbes [5]
  • Market Watch [6]
  • InsideView [7]
  • Saby Foundation [8]
  • Embassy of the Republic of Kazakhstan [9]
  • Shalkiya Zinc [10]
  • Asian Boxing Confederation [11]
  • "TriPlay Rakes In $5M And A New Oligarch Investor To Take Its Consumer Cloud To Europe + Asia" [12]
  • Photo- And Video-Sharing App Mobli Raises $22M From Kazakhstan Investor Kenges Rakishev And Others [13]
  • Fastlane Ventures Raises 13 Mln USD from the Leading CIS Entrepreneur and Investor Kenges Rakishev [14]


External links[edit]