Bulat Utemuratov Net Worth is$2.2 Billion
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Bulat Utemuratov net worth: Bulat Utemuratov is a Kazakh investor who has a net worth of $2.2 billion. Bulat Utemuratov also known as "the gray cardinal" continues to sell off his numerous assets. In October 2012, he renegotiated formerly revealed deal with Glencore to acquire his firm's stake in Kazakhstan's largest zinc miner, Kazzinc. Then in February, he made a contract with the Kazakhstan government, selling them the rest 29% stake for approximately $2.1 billion. Reportedly, he is going to rebuild his banking assets as he negotiates the repurchase of Kazakstan's ATF Bank. Apart from the above, he is also a Kazakhstan special envoy to Kyrgyzstan as well as a passionate tennis player who heads the Kazakh Tennis Federation.

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Bulat Utemuratov Latest News

Kazakh Billionaire Says He’s Got Nothing to Hide

When Bulat Utemuratov’s boss told him to go to Europe and open the first trading house for their newly independent Kazakhstan, his reaction was pure Soviet. “Oh no, They want to exile me,” Utemuratov ...
Posted: November 13, 2013, 5:43 pm

Glencore takes $96m hit on loan to Kazakhstan’s Bulat Utemuratov

Glencore has heavily written down the value of a loan to a close ally of Kazakhstan’s former dictator. The miner lent $150m in 2013 to Astana Property Management, owned by Verny Capital, the private ...
Posted: May 18, 2019, 4:01 pm

The Slow Billionaire Pick Up in Central Asia

However, as long as oil and commodities remain strong (Kazakhstan's economy grew 5% last year, better than many other nations) and the government keeps tight control of these sectors (in fact, just ...
Posted: March 4, 2013, 8:05 am
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