Timur Kulibayev’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2019 | $3.1 billion | Forbes World's Billionaires List 2019 |
| 2020 | $2.8 billion | Forbes World's Billionaires List 2020 |
| 2021 | $2.8 billion | Forbes World's Billionaires List 2021 |
| 2022 | $3.8 billion | Forbes World's Billionaires List 2022 |
| 2023 | $4.3 billion | Forbes World's Billionaires List 2023 |
| 2024 | $5 billion | Forbes World's Billionaires List 2024 |
| 2025 | $5.3 billion | Forbes World's Billionaires List 2025 |
| 2026 | $5.4 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $5.4 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Timur Kulibayev’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Timur Kulibayev has an estimated net worth of $5.4 billion, according to Forbes Real-Time Billionaires, Timur Kulibayev profile (figures as of October 20, 2026). That is up from $3.1 billion in 2019.
Timur Kulibayev is a businessman from Kazakhstan whose wealth is tied to banking, investment deals, and senior roles in the energy sector. He started Altyn Alma in 1992, and that business later became Almex LLP. In 1995, he also helped found Almaty Trade and Financial Bank with partners. Over time, he became known for combining private investment work with top jobs at major oil and gas companies in Kazakhstan.
A big early payoff came in 2004, when a company he controlled sold Kar-Tel, a mobile operator in Kazakhstan, to VimpleCom for $350 million. He later sold Altynalmas Gold to Polymetal in 2014 for cash and shares. Kulibayev and his wife also hold a majority stake in Halyk Bank of Kazakhstan. Alongside those assets, he spent years in senior energy posts and served on Gazprom's board from 2011 to 2022.
How Timur Kulibayev built his fortune
Kulibayev's money comes from a mix of finance, investments, and energy. His business path began with Altyn Alma in 1992, which later turned into Almex LLP. He also co-founded Almaty Trade and Financial Bank in 1995. Those early moves gave him a base in private business before he moved into larger roles across Kazakhstan's oil and gas industry, including work at KazTransOil, KazMunayGas, and Samruk-Kazyna.
His wealth also grew through sales of major assets. In 2004, a company he controlled sold Kar-Tel to VimpleCom for $350 million. Another important deal came in 2014, when he sold Altynalmas Gold to Polymetal for cash and company shares. He and his wife also own a majority stake in Halyk Bank of Kazakhstan, which keeps banking at the center of his fortune alongside his long record in the energy business.
Where his money stands now
Forbes values Kulibayev at $5.4 billion on its real-time billionaires tracker as of October 20, 2026. Forbes places him in Finance & Investments and describes him as self-made. That estimate reflects the value tied to his banking stake, his long-running investment company, and the major transactions that added to his fortune over time, especially the Kar-Tel sale and the Altynalmas Gold deal.
His career also helps explain why his finances span more than one sector. He held high-level posts in Kazakhstan's oil and gas system, led Samruk-Kazyna, and sat on Gazprom's board from 2011 to 2022. At the same time, his private holdings stayed active through Almex LLP and Halyk Bank. That blend of banking ownership, investment activity, and energy leadership is the core of how he built and kept his wealth.
Career and money timeline
- 1992
He created Altyn Alma, which later became Almex LLP.
- 1995
He co-founded Almaty Trade and Financial Bank with partners.
- 2004
A company he controlled sold Kar-Tel to VimpleCom for $350 million.
- 2011
He joined Gazprom's board during his wider energy sector career.
- 2014
He sold Altynalmas Gold to Polymetal for cash and shares.
- 2022
He left Gazprom's board after serving there until 2022.
Timur Kulibayev net worth FAQ
What is Timur Kulibayev's net worth?
Timur Kulibayev's net worth is an estimated $5.4 billion, according to Forbes Real-Time Billionaires, Timur Kulibayev profile (October 20, 2026). It is an estimate, not an official figure.
How did Timur Kulibayev get so rich?
The main sources named in the reporting we cite are: Banking.
Is Timur Kulibayev a billionaire?
Yes. Forbes Real-Time Billionaires estimates Timur Kulibayev is worth $5.4 billion.
How has Timur Kulibayev's net worth changed?
The earliest published estimate we track is $3.1 billion (2019, Forbes World's Billionaires List 2019). The latest is $5.4 billion (October 20, 2026).
What is Timur Kulibayev's main source of wealth?
His fortune is mainly tied to banking and investments. Forbes places him in Finance & Investments, and he and his wife own a majority stake in Halyk Bank of Kazakhstan.
What were his biggest business deals?
One major deal came in 2004, when a company he controlled sold Kar-Tel to VimpleCom for $350 million. Another came in 2014, when he sold Altynalmas Gold to Polymetal for cash and shares.
Sources
- Forbes Real-Time Billionaires, Timur Kulibayev profile (October 20, 2026)
- Forbes World's Billionaires List 2019, Timur Kulibayev profile (March 5, 2019)
- Forbes World's Billionaires List 2020, Timur Kulibayev profile (April 7, 2020)
- Forbes World's Billionaires List 2021, Timur Kulibayev profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Timur Kulibayev profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Timur Kulibayev profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Timur Kulibayev profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Timur Kulibayev profile (April 2025)
- Forbes World's Billionaires List 2026, Timur Kulibayev profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Timur Kulibayev (accessed October 23, 2026). Used for career facts only, never for figures.
Photo: Majilis of the Parliament of the Republic of Kazakhstan, CC BY 4.0, via Wikimedia Commons.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.