Business for the good of the country

Business for the good of the country

Business for the good of the country

Bulat Utemuratov is a businessman and public figure, one of the most influential people in the Republic of Kazakhstan. Currently, Forbes estimates his fortune at 2.6 billion dollars, and the news agency Bloomberg refers to 3.4 billion.

Little is known about the private life of Mr. Utemuratov, however, the magnitude of his projects speaks volumes (you can read the news on the website Starting his career as a lecturer at his alma mater, the businessman also has great experience in diplomacy and banking, entrepreneurship and investing in projects considered to be of little prospects. At the same time, Bulat Utemuratov invests a significant part of the funds in the development of motherland, sponsoring education, health, sports and culture.

Social activity

Mr. Utemuratov has been heading the Tennis Federation of the Republic of Kazakhstan for 10 years already. With his assistance, athletes from the Republic of Kazakhstan are entering the international level. The businessman invests in the development of infrastructure: building courts, the organization of schools and clubs, holding competitions. Utemuratov’s investments in tennis and national teams (youth and adults) amounted to more than $65 million.

Under the leadership of Mr. Utemuratov, the Haileybury British schools work, and the Narkhoz is transformed into a promising university. The businessman chairs the Board of Trustees of the Foundation for the Development and Support of Ballet and National Dance, helps the Batyrkhan Shukenov Foundation, and patronizes the exhibitions of the Kulanshi Center of Contemporary Art. The website presents photos from various events, to the organization and holding of which Mr. Utemuratov is involved.


The charity foundation of Bulat Utemuratov cooperates with international charity organizations and closely deals with problems of children’s health:

  • the opening of resource centers for children with autism “Asyl Miras” was financed;
  • 1 million dollars to support the Association of Parents of Children with Cerebral Palsy was allocated;
  • development of early intervention and rehabilitation for children with cerebral palsy.

The annual charity bike ride “Burabike”, organized by the Utemuratov Foundation, raises money for equipping children’s medical institutions. In addition, he provides financial assistance to victims during natural disasters. Currently, the businessman has invested more than 12.5 million dollars in the charity work of his own foundation.


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