Bulat Utemuratov is one of the most influential people of the Republic of Kazakhstan, diplomat and public figure, financier and benefactor, and billionaire. The significance of his personality is hard to overestimate, as is the impact on modern life and the development of the country. It was with such strong and ambitious people as Mr. Utemuratov that the economy of independent Kazakhstan began.
After the collapse of the Soviet Union, the country plunged into a crisis: the was no stable currency, no banking system, no new personnel base. The industry fell into decay, and the inhabitants of Kazakhstan only learned to live in new conditions. It was then that the career of the young Utemuratov began, who started as a lecturer at Narkhoz, but at the age of 34 he was sent to Austria by the government, where he was to establish trade and economic relations between the countries.
His complete bio can be found here. However, it does not contain all the difficulties of the transition period, which the young specialist had to cope with. With the complete absence of rules and laws for business, Mr. Utemuratov gradually created a business empire.
Investments of the Verny Capital group, where Mr. Utemuratov is one of the main shareholders, turned out to be successful. Verny bought out enterprises that were considered to be unpromising, modernized them and turned into flagships of the industry.
Bulat Utemuratov is not only a successful businessman, but also a generous benefactor. His support in Kazakhstan is obtained by such social spheres:
- health care;
Mr. Utemuratov is an avid athlete himself, and his passion is tennis. He has been a head of Kazakhstan Tennis Federation for ten years already, investing funds in the development of sports infrastructure, holding competitions, bringing local athletes to the international arena.
Charity foundation of Bulat Utemuratov finances the help centers for children with cerebral palsy and large-scale programs in this area, helps raise funds for children’s medical centers and reorganize educational institutions in accordance with international standards, and also hold cultural events and encourage young talents. You can read about the projects of the foundation and their implementation on the page https://bulatutemuratov.com/. In total, the businessman invested in charity projects more than 12.5 million dollars.
The activity of Bulat Utemuratov is a clear example of how ambitions and business acumen combine with generosity and the desire to help his country.
Business for the country and people
Bulat Utemuratov managed to not only earn millions in the difficult conditions of independent Kazakhstan establishment, but also to become a well-known benefactor, having spent more than 12.5 million dollars on charity.