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In the latest update by Forbes Kazakhstan, Vyacheslav Kim has secured the top spot on the list of the country's wealthiest businessmen for 2025. With a net worth of approximately $7.73 billion, Kim has strengthened his lead in the rankings.
Kim, a Kazakhstani businessman, is co-owner of fintech giant Kaspi.kz and holds major stakes in Turkish marketplace Hepsiburada and Alatau City Bank (formerly Jusan Bank). His wealth has grown significantly, propelling him to the top of the list.
Timur Turlov, CEO of Freedom Holding Corp., takes the second place with a net worth of around $7.6 billion. The shift in the ranks of the country's wealthiest individuals is largely due to deals in the banking sector.
Bulat Utemuratov, owner of ForteBank, has risen from sixth to third place on the list, with assets valued at $6.46 billion. Other significant wealth holders in the top 10 have also seen their assets grow notably, particularly in sectors related to fintech and banking.
The precise rankings from fourth to tenth place were not fully detailed in the source, but the major reshuffle emphasizes wealth growth in these sectors in Kazakhstan as of mid-2025.
It's worth noting that Kazakhstan's mining sector, a vital part of the national economy, has been growing robustly. However, no individual mining magnate was specifically named among the top 10 in the Kazakhstan list as per the available data.
Vyacheslav Kim was ranked 464th on the Forbes USA list of the 3,028 wealthiest people in the world in April 2025, with a net worth of $7.1 billion as of April. Other prominent billionaires such as Len Blavatnik have significant global wealth but are not specifically listed among Kazakhstan's wealthiest businessmen in 2025.
Elon Musk topped the world's wealthiest list with a net worth of $342 billion. The complete top 10 list for Kazakhstan's wealthiest businessmen for 2025 is not fully available in the search results.
[1] Forbes Kazakhstan (2025). Kazakhstan's Billionaire List 2025. [online] Available at: https://www.forbes.kz/billionaires/list/ [Accessed 1 Aug. 2025].
[2] Mining.com (2025). Kazakhstan's Mining Sector Continues to Grow. [online] Available at: https://www.mining.com/kazakhstans-mining-sector-continues-to-grow/ [Accessed 1 Aug. 2025].
Businessman Vyacheslav Kim, co-owner of fintech giant Kaspi.kz, has solidified his position in the Kazakhstani business world with his significant wealth, predominantly from investments in fintech, banking, and marketplaces.
Despite the robust growth of the mining sector in Kazakhstan, no individual mining magnate was specifically named among the top 10 wealthiest businessmen in the country for 2025, according to Forbes Kazakhstan.
