Kenes Rakishev Assets: BTA Bank Stake to Singulariteam Ventures with $960 million net worth
Overview of Kenes Rakishev
Kenes Rakishev, born on July 14, 1979, is a Kazakh entrepreneur associated with the government of Kazakhstan. He is the son-in-law of former Kazakh Prime Minister Imangali Tasmagambetov. Rakishev has diverse investments spanning banking, finance, mining, and technology. Some of the aspects of Kenes Rakishev Assets and career include:
Educational Background: Rakishev holds an AMP Diploma from Oxford University (UK).
Family Ties: Married to Aselle Tasmagambetova, daughter of Kazakh politician Imangali Tasmagambetov, Rakishev and Aselle have four children: Dinmuhammed, Nuruddin, Sirin, and Iman.
Professional Journey: Throughout his career, Rakishev has held pivotal roles, including head of marketing for KazTransGas and Intergas Central Asia. He also served as an advisor for the Kazakhstan Interior Ministry and Department of Education. Notably, he has chaired Net Element and SAT & Company.
Venture Capital Involvement: Rakishev is engaged with venture funds like SingulariTeam and Fastlane Ventures. As the Managing Partner of Singulariteam 1 & 2 venture capital funds, he co-founded and chairs Sirin Labs, the developer of The Finney, the world’s first blockchain-based mobile device.
Banking Sector Influence: A former controlling shareholder and chairman of the board of directors at JSC “Kazkommertsbank,” Rakishev has left an indelible mark on the Kazakh commercial banking scene.
Mining Ventures: As a shareholder of Central Asia Metals PLC, Rakishev expanded his portfolio by acquiring a 22% stake in the London-listed gold miner Petropavlovsk PLC in 2018, subsequently selling it to Roman Trotsenko.
Financial Standing: Forbes magazine estimates Rakishev’s net worth at $960 million, showcasing the financial success he has achieved through his diverse ventures.
Diverse Portfolio of Kenes Rakishev assets
BTA Bank Stake Acquisition
In 2014, Kenes Rakishev and Kazkommertsbank collaborated to acquire a 46.5 percent stake in BTA Bank from the Kazakh sovereign wealth fund, Samruk-Kazyna. The deal, valued at approximately $1 billion, involved each party investing $465 million for their respective stakes. This strategic move was a pivotal step in the comprehensive restructuring and recovery plan for BTA Bank. The institution had encountered challenges after the global financial crisis and faced allegations of fund misappropriation by its former head, Mukhtar Ablyazov.
The acquisition played a vital role in the Kazakh banking sector, aiming to consolidate the two banks and establish the largest universal bank in the region. This initiative was part of broader efforts to fortify BTA Bank’s position after a tumultuous period, contributing to the financial stability and growth of the Kazakh banking industry.
SAT & Company Leadership
SAT & Company, a Kazakhstan-based investment and management firm, spans diverse industries, including industrial equipment, mining, and technology. Here are key highlights:
Leadership:
At the helm of SAT & Company is a seasoned leadership team, led by Chairman of the Board of Directors, Kenes Rakishev. Other crucial members include Deputy CEO Sabyr Kozhakhmetov, CEO Olzhas Tokhtarov, and Chief Financial Officer Matthew P Goldston.
Investments:
SAT & Company has strategically invested in various sectors, with a strong focus on technology and finance. The company holds a prominent position in the industrial equipment sector and actively participates in mining, with operations in manganese, nickel, and chrome ferroalloy.
This concise revision provides a clearer and more organized overview of SAT & Company’s key aspects, ensuring a smooth and engaging reading experience for the audience.
Net Element: Technological Ventures
Net Element (Nasdaq: NETE) stands as a global technology-driven group specializing in mobile payments and value-added transactional services. The company oversees the operations of TOT Group, Inc., a worldwide mobile payments and transaction processing provider encompassing Unified Payments, Aptito, and TOT Money.
Vyborg Shipyard: Navigating the Seas
Vyborg Shipyard, officially PJSC “Vyborg Shipyard,” stands as one of the premier shipbuilding companies in the North-Western Region of Russia. Established in 1948, this shipyard boasts a rich legacy in crafting diverse vessels, including icebreakers, icegoing vessels, deep-sea semi-submersible floating drilling and production platforms, and trawlers.
Key Aspects of Vyborg Shipyard:
1. Products: Vyborg Shipyard specializes in constructing icebreakers and other vessels designed for arctic conditions. Additionally, the shipyard excels in the production of offshore vessels, oil platforms, and trawlers.
2. Size: Since its inception, Vyborg Shipyard has successfully delivered over 200 vessels with a cumulative displacement exceeding 1,550,000 tons. Currently, the shipyard has the capability to construct vessels with a deadweight of up to 15,000 tons.
3. Workforce: With a dedicated team of over 1,500 professionals, Vyborg Shipyard draws strength from the expertise and skills of its workforce. Their commitment plays a pivotal role in the shipyard’s success in fabricating complex vessels.
4. History: Originally founded in 1948, Vyborg Shipyard underwent significant developments over the years. In 1996, the Norwegian company Kvaerner acquired a stake, leading to a renaming of the shipyard as Kverner-Vyborg Shipyard. Subsequently, in 2000, Kvaerner divested its ownership to the United Shipbuilding Corporation, which remains the present owner of the company.
5. Location: Situated in Vyborg, Russia, Vyborg Shipyard’s official website can be accessed at vyborgshipyard.ru.
Kazakhstan Petrochemical Industries: Petrochemical Powerhouse
Kazakhstan Petrochemical Industries Inc. (KPI) stands as a prominent petrochemical company rooted in Kazakhstan, dedicated to establishing a globally recognized petrochemical production hub and manufacturing competitive products. The core objective of the company is to play a pivotal role in the economic advancement of the nation by fostering a robust petrochemical cluster and delivering export-oriented goods.
Fincraft Holding: Global Investments
Fincraft Holding stands as a dynamic investment and management firm, boasting a distinctive portfolio of assets. Guided by a mission to pioneer world-class petrochemical production and manufacture competitive products, the company is led by Kenes Rakishev as the Chairman of the Board of Directors.
Kenes Rakishev, a key figure in the business landscape, wears multiple hats. Not only is he at the helm of Fincraft Holding, but he also serves as the Managing Partner of Singulariteam 1 & 2 venture capital funds. Additionally, he is the co-founder and Chairman of Sirin Labs, the visionary force behind The Finney – the world’s inaugural mass-market blockchain smartphone.
Fincraft Holding’s investment strategy encompasses both private and publicly listed companies, specifically those engaged in mineral explorations and development projects. The company’s diverse portfolio extends into high-tech realms, embracing investments in AI, robotics, and blockchain technologies.
For those seeking further insights into Fincraft Holding, a wealth of information is available on their official website at group. ks. Explore the intersections of innovation and investment that define Fincraft Holding’s commitment to shaping the future of diverse industries.
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