BULAT UTEMURATOV • Net Worth $3 Billion • House • Yacht • Private Jet • ATF Bank

Name:Bulat Utemuratov
Net Worth:$ 3 billion
Source of Wealth:ATF Bank / Forte Bank
Born:November 13, 1957
Spouse:Azhar Abzhamiyevna
Children:Alidar Utemuratov, Anuar Utemuratov, Dinara Utemuratova
Residence:Monaco , MC
Private Jet:Gulfstream G650 (M-BADU), G550 (M-VRNY)

Who is Bulat Utemuratov?

He 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.

ATF Bank

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.

Other investments

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.






Yacht Avantage Owner

Bulat Utemuratov

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Bulat Utemuratov Residence

Utemuratov Yacht Avantage

He is the owner of the yacht Avantage. The yacht has a large A on the foredeck. This A, and the three As in the yacht’s name, probably refers to his wives and children’s names. His wife is named Ashar, his sons are named Alidar and Anuar. He also has a daughter named Dinara. Here name is used in his private jet’s registration. See hereunder.