Timur Turlov is an economist and a chess personality who has had a fascinating journey where he developed Freedom Finance and became a leading personality in the finance world in Kazakhstan.
Personal Life
Timur Turlov was born in 1987 and studied economics. He entered the financial world professionally when he was just 16.
Currently, Turlov resides in Almaty, the capital of Kazakhstan. He is married and has six children. His hobbies include reading, hiking, and cycling, as well as chess, which holds a special place in his life.
Entering the Financial World
At 16, Timur Turlov started working as a trader for World Capital Investments, an American company. Then, he was working with Uniastrum Bank where he developed access to the stock market in the United States within the bank, something quite unique for the time and geographical location. Turlov proved himself to be quite adept at innovation in the financial sector.
Freedom Finance
Freedom Finance was founded in 2008. Turlov’s goal with his company was to create a unique brokerage firm that connected to U.S. Stock Exchanges. In 2012, it expanded into Kazakhstan and grew the financial services it offered to include online brokerage and European stock trading. In 2019, Freedom Finance and all the other ventures became Freedom Holding Corp.
In 2019, Freedom Holding Corp. was the first CIS financial institution to list on NASDAQ, where it grew quickly and significantly. In 2024, the stock was worth $80, while it started in 2019 with a price of $15 per share. This propelled Turlov to the Forbes list of richest people in the world, appearing there first in 2021 and then in 2024, when he had become a billionare with a fortune of $3.3 billion.
Freedom Now
Freedom Holding Corp has offices in 22 countries, based in Kazakhstan. It includes Freedom Bank, Tradernet, Freedom Pay, Freedom Life & Freedom Insurance, Freedom Telecom, and a series of retail websites and online services, which include Arbuz.kz, Aviata, Freedom Mobile, Freedom Drive, and Ticketon. These services are used by over 5 million customers from different countries.
Sports and Environmental Initiatives
Timur Turlov has a strong interest and passion for chess, and in 2023, he became the president of the Kazakhstan Chess Federation. With all the business acument hat has earned him the amazing growth of all the Freedom-branded projects, he has also grown significantly this chess institution.
Turlov supports the QJ League, a football initiative focused on young players. Additionally, he is part of the International Fund for Saving the Aral Sea.
Freedom Holding Corp. includes the Freedom Shapagat Corporate Foundation, which supports and champions environmental causes. One of the latest initiatives from this company was a project for promoting a plastic and aluminum recyling network in Kazakhstan.
In 2024, Turlov became the Chairman UN Global Compact’s Advisory Committee for Central Asia, focusing on issues like water security and energy.
From Modest Beginnings to Forbes
Timur Turlov is a self-made billionaire who has achieved amazing things in the financial market of Kazakhstan and neighboring countries. His story is unique and showcases qualities like grit and innovation.
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