Who is Bulat Utemuratov?
Bulat Utemuratov is a Kazakhstan based billionaire and entrepreneur. He was born in 1957. He is married to Azhar and has 3 children. He is the founder of the ATF Bank. He is vice-president and a board member of the International Tennis Federation. He is also active in Kazakh politics and a close ally of Kazakh President Nazarbayev.
He founded the ATF Bank in 1995. The AFTF bank was mainly active in Kazakhstan. It grew to become a large financial group, with more than 150 branches. The bank was sold to Unicredit in 2007 for $ 2 billion.
He also founded the Kassa Nova bank and the Forte Bank, both active in Kazakhstan. He also owns the communication companies Beeline and Kartel. He also owned shares in a Coppermine, which he sold to Glencore for $1.3 billion. He is also active in real estate, including a large project in Monaco.
Utermuratov Net Worth
His net worth is estimated at $3 billion. He earned $1 billion in 2007 when he sold his ATF Bank.
He is an active philanthropist through his The Bulat Utemuratov Charity Foundation. The foundation is supporting health, education, and culture in Kazakhstan. In 2020 the foundation donated $ 500.000 to fight COVID -19 in Kazakhstan.
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