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Bulat Utemuratov

Founder of The Bulat Utemuratov Foundation

President of Kazakhstan Tennis Federation

Nur-Sultan, KZ

President of Kazakhstan Tennis Federation
Bulat Utemuratov
Phillip Ullmann
Covenant Advisory
Geoffroy van Raemdonck
Neiman Marcus Group

Bulat’s Biography

Bulat Utemuratov is a distinguished entrepreneur, investor and philanthropist, and President of the Kazakhstan Tennis Federation.

He is the Founder of the Bulat Utemuratov Foundation and Member of its Board of Trustees.

Bulat has pursued a successful business career, establishing several notable business ventures. His assets can be split into two groups – those personally owned by him, and a significant portion under the professional management of Verny Capital. Today, his focus is on developing Kazakh culture, sport, healthcare and education, and tackling social issues. One of his first charitable initiatives was establishing autism centres aimed at helping children with autism spectrum disorder and enabling their better integration into society. He also supports the development of secondary and higher education in the country.

A dedicated philanthropist, Bulat initiated the refurbishment of the Almaty Botanical Garden and supported the construction of 390 homes for families rendered homeless by disasters across the country. In 2020, his Foundation contributed to the fight against...
Bulat Utemuratov is a distinguished entrepreneur, investor and philanthropist, and President of the Kazakhstan Tennis Federation.

He is the Founder of the Bulat Utemuratov Foundation and Member of its Board of Trustees.

Bulat has pursued a successful business career, establishing several notable business ventures. His assets can be split into two groups – those personally owned by him, and a significant portion under the professional management of Verny Capital. Today, his focus is on developing Kazakh culture, sport, healthcare and education, and tackling social issues. One of his first charitable initiatives was establishing autism centres aimed at helping children with autism spectrum disorder and enabling their better integration into society. He also supports the development of secondary and higher education in the country.

A dedicated philanthropist, Bulat initiated the refurbishment of the Almaty Botanical Garden and supported the construction of 390 homes for families rendered homeless by disasters across the country. In 2020, his Foundation contributed to the fight against the coronavirus pandemic in Kazakhstan and in 2021, it announced the launch of two new educational projects for school children. He donated $23 million to Qazaqstan Halqyna Fund in January 2022. The total amount of funds spent by Bulat on the implementation of social projects is over $100 million.

Bulat is the President of the Kazakhstan Tennis Federation and Vice President of the International Tennis Federation. He invested about $80 million into the development of this sport in Kazakhstan.

He has received numerous awards for his achievements and philanthropic efforts. Bulat was honoured by the ITF and the Asian Tennis Federation for his work in promoting tennis in Kazakhstan. He received prizes for Generous Heart and Philanthropist of the Year, as well as the title of Honorary Citizen of Almaty.

Bulat holds a degree in Economics from Narxoz University.
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Bulat’s Newsfeed

The Astana Times
Nur-Sultan to Increase Facilities for Children with Special Needs in Capital

The Bulat Utemuratov Foundation opens a new centre for children with special needs in Nur-Sultan.

ATP Tour
Nur-Sultan Ready For Debut: How Do You Say 'Deuce' In Kazakh?

Bulat Utemuratov is mentioned in an article by ATP Tour regarding the first tennis tour level event in Kazakhstan, the ATP 250 Astana Open.

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Bulat’s Background

The Bulat Utemuratov Foundation
Founder & Member of the Board of Trustees
Feb 2014 - Present
Almaty, KZ
The Bulat Utemuratov Foundation supports numerous charitable organisations within the borders of Kazakhstan. The foundation is dedicated to making Kazakhstan a better place to live.
Kazakhstan Tennis Federation
President
Aug 2007 - Present
Nur-Sultan, KZ
The Kazakhstan Tennis Federation is the official tennis governing body of the Republic of Kazakhstan.
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Bulat’s Gallery

Board Positions

International Tennis Federation (ITF)
Vice President
2019 - Present
London, UK
The ITF is a sport governing body, overseeing fair and ethical practice in the sport of tennis worldwide.

Media

Forbes' Billionaires
World's Billionaires List 2022
Apr 2022
Jersey City, NJ, USA
Bulat is placed among the Forbes' World Richest List with assets estimating $2.8 billion.
What Bulat Utemuratov is known for?
Profile
2021
London, UK
EUBusiness.com profiles successful businessmen in the EU region and provides with daily updates on policy, trade and industry shifts.
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Charitable Interests

Burabike Sports and Music Festival logo Burabike Sports and Music Festival logo
Burabike Sports and Music Festival
Founder & Social Partner
2013 - Present
Shchuchinsk, KZ
The Burabike Festival is an annual event centred on fundraising for medical equipment and the improvement of medical centres.
Oesterreichische Krebshilfe-Krebsgesellschaft
Social Partner
2021 - Present
Vienna, AT
A donation to the Austrian Cancer Aid to help cancer patients who lost their jobs due to COVID-19 pandemic and felt unsecure regarding their medical, psychological, and financial situation.

Business Interests

Verny Capital Group
2006 - Present
Nur-Sultan, KZ
Verny Capital Group is one of Kazakhstan's largest investment management firms focusing on direct investments in private companies. In 2006 Bulat became the key investor in the projects of Verny Capital to manage his assets located in Kazakhstan and abroad.

Community Engagement

ForteBank Kulanshi ArtSpace
Benefactor
2016 - Present
Almaty, KZ
Bulat is a benefactor of the ForteBank Kulanshi ArtSpace and talks about the collaboration with the gallery being a 'masterpiece'.
Haileybury Kazakhstan
Founder
2008 - Present
Haileybury Kazakhstan schools were established as sister schools in Kazakhstan, based on Haileybury independent schools in the United Kingdom. Haileybury Kazakhstan operates in both Almaty and Nur-Sultan.

Bulat’s Education

Narxoz University
Economics
1981 - 1986