Kazakh billionaires have surpassed Donald Trump in the Forbes ranking
Author - Mansur Ismagulov
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According to the updated Forbes list, the world's richest person is Elon Musk, with a net worth of $342 billion. In Kazakhstan, the leader is Vyacheslav Kim, Chairman of Kaspi Bank ($7.1 billion), followed by Mikhail Lomtadze ($5.9 billion) and Timur Turlov ($5.8 billion). The capital of other entrepreneurs in the country has also grown significantly.
Forbes updated its list of the world's wealthiest individuals, which now includes more Kazakhstani entrepreneurs. The wealthiest businessman in the country is Vyacheslav Kim, Chairman of Kaspi Bank, whose net worth reached $7.1 billion.
Mikhail Lomtadze, CEO of Kaspi.kz, holds the second position among Kazakhstani billionaires with a capital of $5.9 billion. Kaspi.kz remains the country's largest FinTech company, with services used by more than half of the population. In 2024, the company generated $2.5 billion in revenue.
Timur Turlov, founder of Freedom Holding Corp., whose net worth increased to $5.8 billion, exceeds the capital of U.S. President Donald Trump, whom Forbes valued at $5.1 billion.
The list also includes KAZ Minerals shareholder Vladimir Kim, Halyk Bank beneficiaries Timur and Dinara Kulibaev, as well as ForteBank majority shareholder Bulat Utemuratov. Compared to 2024, their net worths have significantly increased, confirming the influence of Kazakhstani business on the global market. Elon Musk took the first place in the overall Forbes ranking with a net worth of $342 billion. The founder of Tesla, SpaceX, and AI startup xAI remains the richest person on the planet.
Source: Forbes
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