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Bulat Utemuratov

Founder of The Bulat Utemuratov Foundation

President of Kazakhstan Tennis Federation

Nur-Sultan, KZ

Bulat Utemuratov

Pictet Wealth Management

Geoffroy van Raemdonck

Neiman Marcus Group

Bulat’s Biography

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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. moreless

Bulat’s Newsfeed

The billionaire trying to turn Kazakhstan into a tennis nation

Wimbledon champion Elena Rybakina is one of many Kazakh tennis players to benefit from Bulat Utemuratov’s generosity and patronage.

The Bulat Utemuratov Foundation Provides Aid to Flood Victims to the Amount of 400 million Tenge

The Aid Card Project, a joint project between the Bulat Utemuratov Foundation, ForteBank, and the Red Crescent of Kazakhstan, has sent financial aid to 4,000+ Kazakhstanis who have been affected by recent severe flooding in the region.

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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.

The Presidential Administration of the Republic of Kazakhstan

Special Advisor to the President of the Republic of Kazakhstan

Feb 1999 - Mar 2013

Nur-Sultan, KZ

From February 1999 to May 2013 Bulat held various positions with the Security Council and the Presidential Administration of the Republic of Kazakhstan. His final position in the service of the Republic of Kazakhstan was as a Special Advisor to the President.

Ministry of Foreign Affairs, Republic of Kazakhstan

Ambassador Extraordinary and Plenipotentiary

Feb 1996 - Feb 1999

Geneva, CH

Bulat was called upon to serve in the Ministry of Foreign Affairs as the Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Switzerland.

Ministry of Industry and Trade, Republic of Kazakhstan

First Deputy Minister

Jun 1994 - Nov 1995

Almaty, KZ

The Ministry of Industry and Trade was formed in 1994, attending the industry and trade needs of The Republic of Kazakhstan.

Ministry of External Economic Affairs, Republic of Kazakhstan

Deputy Minister

Dec 1993 - Jun 1994

Almaty, KZ

The Ministry of External Economic Affairs attended to the foreign interests of the Republic of Kazakhstan.

Kazakh Trading House

CEO

Aug 1992 - Dec 1993

Vienna, AT

The Kazakh Trading House established a base in Austria after Kazakhstan gained independence.

State Committee for Foreign Economic Relations of the Kazakh Soviet Republic

Head of Department

1990 - 1992

Almaty, KZ

The function of the State Committee for Foreign Economic Relations was to act on an inter-agency level.

Executive Committee of People’s Deputies of the Soviet District Council

Deputy Chairman

1986 - 1990

Almaty, KZ

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Bulat’s Gallery

Bulat Utemuratov awarding a medal for tennis on behalf of the Kazakhstan Tennis Federation.

Bulat Utemuratov cycling in a charity cycle ride.

Bulat Utemuratov overlooking the construction of homes for families who became homeless following the disasters in Khazakhstan.

A portrait of Bulat Utemuratov.

Bulat Utemuratov smiling.

Bulat Utemuratov in a group image with his colleagues.

Bulat Utemuratov playing tennis.

Bulat Utemuratov standing next to a tennis court.

Bulat Utemuratov smiling for a picture at a dinner.

Bulat Utemuratov speaking to a child in a visit to a school.

Bulat Utemuratov speaking to Rafael Nadal and Novak Djokovic.

Bulat Utemuratov in a group picture with the staff at a school.

Bulat Utemuratov overlooking teachers and pupils being taught in a school.

Photo of Bulat Utemuratov

Bulat Utemuratov with the President of Khazakhstan.

Bulat Utemuratov among his colleagues.

Bulat Utemuratov on a visit.

Bulat Utemuratov smiling at his desk.

Bulat Utemuratov meeting several people.

Bulat Utemuratov in a group picture on one of his visits.

Bulat Utemuratov at the tennis with a group of people with the Kazakhstan Tennis Federation flag in the background.

Bulat Utemuratov with others in Kazakhstan.

Bulat Utemuratov looking at the art in an art gallery.

Bulat Utemuratov sat at a table with children on one of his visits to a school in Kazakhstan.

Bulat Utemuratov holding a giant signed tennis ball at the US Open.

Bulat Utemuratov at the The World Cup of Tennis, Davis Cup.

Bulat Utemuratov with Novak Djokovic.

Bulat Utemuratov stood up watching the tennis.

Bulat Utemuratov at an ITF event.

Bulat Utemuratov awarding a medal for tennis on behalf of the Kazakhstan Tennis Federation.

Bulat Utemuratov cycling in a charity cycle ride.

Bulat Utemuratov overlooking the construction of homes for families who became homeless following the disasters in Khazakhstan.

A portrait of Bulat Utemuratov.

Bulat Utemuratov smiling.

Bulat Utemuratov in a group image with his colleagues.

Bulat Utemuratov playing tennis.

Bulat Utemuratov standing next to a tennis court.

Bulat Utemuratov smiling for a picture at a dinner.

Bulat Utemuratov speaking to a child in a visit to a school.

Bulat Utemuratov speaking to Rafael Nadal and Novak Djokovic.

Bulat Utemuratov in a group picture with the staff at a school.

Bulat Utemuratov overlooking teachers and pupils being taught in a school.

Photo of Bulat Utemuratov

Bulat Utemuratov with the President of Khazakhstan.

Bulat Utemuratov among his colleagues.

Bulat Utemuratov on a visit.

Bulat Utemuratov smiling at his desk.

Bulat Utemuratov meeting several people.

Bulat Utemuratov in a group picture on one of his visits.

Bulat Utemuratov at the tennis with a group of people with the Kazakhstan Tennis Federation flag in the background.

Bulat Utemuratov with others in Kazakhstan.

Bulat Utemuratov looking at the art in an art gallery.

Bulat Utemuratov sat at a table with children on one of his visits to a school in Kazakhstan.

Bulat Utemuratov holding a giant signed tennis ball at the US Open.

Bulat Utemuratov at the The World Cup of Tennis, Davis Cup.

Bulat Utemuratov with Novak Djokovic.

Bulat Utemuratov stood up watching the tennis.

Bulat Utemuratov at an ITF event.

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

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