Russian Oligarchs

Timur Kulibayev : Powerful Kazakh Oligarch [2023]

Who is Timur Askarovich Kulibayev,?

Timur Kulibayev is one of the richest and most powerful men in Kazakhstan. He’s also literally family to Nazarbaev, having married his daughter Dinara.

At present, he and his wife rank comfortably among the wealthiest individuals in the nation, with each boasting a net worth of $2.9 billion as reported by Forbes in their 2021 rankings. They have an expansive business conglomerate that encompasses investments in banking, agriculture, oil trading, and real estate.

Timur Askarovich Kulibayev ‘s financial influence extends well beyond the borders of Kazakhstan. In 2010, he faced a money laundering investigation in Switzerland, stemming from evidence presented in London’s High Court, which suggested that he had used funds of questionable origin to purchase a residence from Britain’s Prince Andrew. Swiss authorities ultimately closed the case in 2013.

Early Life and Family Background : Timur Kulibayev

Timur Kulibayev ( (Kazakh: Тимур Асқарұлы Құлыбай, romanized: Timur Asqarūly Qūlybay ) was born on 10 September 1966 in Alma-Ata (now Almaty), Kazakh SSR, USSR. He belongs to the Sikym tribe of the Dulat tribe of the Elder Zhuz.

His father is Askar Kulibayev. Timur has a brother named

Timur Kulibayev : Personal Life and Family

Timur married Amina Kulibaeva in 1986 but she died in 1990. Kulibayev later married Dinara Nursultanovna , daughter of Kazakhstan’s long-time president Nursultan Nazarbayev . They have four children (two son – born in 1990 and 2008 and two daughters – born in 2005 and 2010).

SonAltay Kulibayev1990
DaughterDeniza Kulibayeva2005
SonNabi Nazarbayev2008
DaughterAlisya Kulibayeva2010
Children of Timur Kulibayev AND Dinara Kulibaeva

​(m. 1986; died 1990)

Full nameKulibayev Timur Askarovich
Marital statusMarried
Current status:$2800.0 million, Forbes, 2021.
Professional field/official positionindependent director Gazprom
Date of Birth,place10.09.1966, Alma-Ata

Timur Kulibayev Biography

  • From 1988 to 1990, he worked at the Research Economic Institute of Planning and Norms (NIEI PIN) under the State Planning Committee of the Kazakh SSR.
  • From 1990 to 1992, he was Director of the Scientific and Consulting Center of the Fund for Cultural, Social, and Scientific and Technical Development of Kazakhstan.
  • From 1992 to 1995, he was the head of the Altyn-Alma Concern.
  • From 1995 to 1997, he was Chairman of the Supervisory Board, member of the Credit Committee of the Almaty Trade & Finance Bank.
  • 1997 – Head of Project Assessment and Negotiations Directorate of the State Committee of the Republic of Kazakhstan for Investments (as Deputy Chairman).
  • From 1997 to 1999, he was Vice-President for Economy and Finance at National Oil and Gas Company Kazakhoil CJSC.
  • From 1999 to 2001 – President of “KazTransOil” National Oil Transportation Company CJSC.
  • From 2001 to 2002 – General Director of “National Company “Oil and Gas Transportation” CJSC, established on the basis of “KazTransOil” and “KazTransGas” companies.
  • From 2002 to 2005 – First Vice-President of JSC “National Company “KazMunayGas”, formed by merger of national companies “Kazakhoil” and “Transport of Oil and Gas”.
  • From 2005 to 2013, he was a freelance adviser to the President of the Republic of Kazakhstan.
  • From 2006 to 2007 – Deputy Chairman of the Board of Kazakhstan Holding for Management of State Assets Samruk JSC.
  • From 2008 to 2011 – Deputy Chairman of the Management Board of Sovereign Wealth Fund Samruk-Kazyna JSC.
  • 2011 – Chairman of the Management Board of Sovereign Wealth Fund Samruk-Kazyna JSC, member of the Board of Directors.
  • From 2011 to 2014 – Chairman of the Presidium of the National Economic Chamber of Kazakhstan “Atameken Union”.
  • From November 2005 to the present – Chairman of the Kazakhstan Association of Oil, Gas and Energy Sector Organizations KAZENERGY.
  • From September 2013 to the present – Chairman of the Presidium of the National Chamber of Entrepreneurs of Kazakhstan “Atameken”.
  • Since 2011 – Member of the Board of Directors of PJSC Gazprom (since July 17, 2015 – PJSC Gazprom). Independent Director.

Timur Kulibayev Education

  • Graduated from Lomonosov Moscow State University with a degree in Economic Planning. Graduated from Lomonosov Moscow State University with a degree in National Economy Planning, qualification “Economist”.
  • Candidate of Sciences (Ph.D.) in Economics. Has a number of scientific publications and inventions.

Timur Kulibayev Awards

  • Russian Order “Friendship” (2007);
  • Order of the Council of Muftis of Russia “Al-Fahr” (2010 and 2016);
  • Order of the Russian Orthodox Church of the Holy Prince Daniel of Moscow, 2nd class (2010);
  • Medal “Honorary Railwayman” (2011).

Timur Kulibayev crimes

Italian authorities may forbid Eni to work in Kazakhstan, suspected of bribing Nazarbayev’s son-in-law

The commissioner of the Italian oil company Eni in Kazakhstan, represented by its subsidiary Agip Kco, demands a ban on the subsidiary’s operations in the country, claiming that millions of dollars allocated for the development of Eni’s Kazakhstan business were spent on bribes to Timur Kulibayev, son-in-law of Kazakh President Nursultan Nazarbayev. This was reported by the Corriere della Sera newspaper.

Timur Kulibayev bought Prince Andrew’s residence for a $20 bribe received from Italian oil workers

Italian investigators believe that Timur Kulibayev, son-in-law of Kazakh President Nursultan Nazarbayev, bought the residence of the British prince on a bribe, Giuseppe Guastella wrote in an article printed in the Corriere della Sera newspaper.

Alexander Harris

Alexander Harris - The Digital Bloodhound Alexander isn't your typical investigative journalist. He thrives in the digital world, scouring the web for hidden connections and leaked documents. An expert data analyst and coder, he builds intricate digital trails to expose fraud, cybercrime, and government overreach. Alexander Harris began his career as a journalist. He is one of the founders of the " Russian Oligarchs Tracker Unit ".

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