Contained in the Household, Faith, Life, and Fortune

Timur Turlov has constructed Freedom Holding Corp. from a small brokerage enterprise right into a Nasdaq-listed worldwide fintech group, making him considered one of Kazakhstan’s wealthiest entrepreneurs. As the corporate has expanded, so has curiosity within the businessman behind it. This text appears at how Turlov constructed his fortune, his path from teenage dealer to Freedom founder, and what’s identified about his citizenship, household and life outdoors enterprise.

Timur Turlov is the founder, Chief Govt Officer, and controlling shareholder of Nasdaq-listed Freedom Holding Corp., a world monetary expertise group headquartered in Almaty, Kazakhstan.

Timur Turlov was born in Russia however has constructed his enterprise in Kazakhstan since 2011. In 2022, he grew to become a Kazakhstani citizen.

Turlov is considered one of Kazakhstan’s most distinguished non-public entrepreneurs and is included on Forbes’ international billionaires listing. On his international Forbes profile, his estimated internet value fluctuates with the market: as of August 25, 2026, his fortune was listed at $6.9 billion. The primary supply of his wealth stays his stake in Freedom Holding Corp.; Forbes classifies his fortune as self-made.

Timur Turlov’s wealth is tied primarily to the worth of his shares in Freedom Holding Corp., somewhat than to money held in a checking account. In consequence, his estimated internet value can change considerably even when he doesn’t promote any property.

The corporate’s 2026 proxy assertion signifies that, as of July 29, 2026, Turlov owned roughly 66.5% of Freedom Holding Corp.’s widespread shares. Forbes Kazakhstan offers a extra exact determine of 66.46% as of July 1, 2026; this determine can be supported by a Kazakhstan Inventory Alternate (KASE) shareholder disclosure.

Forbes’ methodology for its 2026 World’s Billionaires listing states that its wealth estimates keep in mind property together with stakes in publicly traded and privately held firms, in addition to identified debt and different related holdings. For its Actual-Time Billionaires rating, Forbes says the worth of publicly traded holdings is up to date each 5 minutes whereas the related inventory market is open, topic to a 15-minute stock-price delay.

As a result of a considerable a part of Turlov’s wealth is tied to his stake in Nasdaq-listed Freedom Holding Corp., actions within the FRHC share value can subsequently have a direct impact on Forbes’ estimate of his internet value and his place within the international rating. Forbes Kazakhstan estimated his fortune at $5.2 billion in Could 2026. By the top of August, the estimate had risen.

The distinction between the Could and early-August estimates is according to adjustments out there worth of his holdings over the interval, though Forbes’ calculation may additionally incorporate adjustments in different property and liabilities.

Timur Turlov was born on November 13, 1987, within the Moscow area. Far much less is publicly identified about his childhood than in regards to the early years of his profession. Forbes Kazakhstan reported that his mom labored as a biochemist. There may be little or no public details about his father: in an interview, Turlov stated that he remembers him poorly. Dependable enterprise sources don’t verify details about his father’s career or later life.

In describing his college years, Turlov has not portrayed himself as an unusually entrepreneurial youngster. Based on Forbes Kazakhstan, he struggled with arithmetic when he couldn’t see the sensible worth of the fabric. His curiosity in monetary markets developed later: as an adolescent, he started studying about securities, finding out firms, and making his first investments.

After college, Turlov enrolled at Okay. E. Tsiolkovsky Russian State Technological College and graduated in 2009 with a level in economics and administration. By that point, he had already been working in monetary markets for a number of years.

Timur Turlov started investing within the inventory market at round age 15. Based on an account he gave Forbes Kazakhstan, after his grandfather’s dying, he inherited about $800. He used a part of the cash to open a brokerage account with 20,000 rubles and purchased shares in a Russian vitality firm. He ultimately closed the place, though he later recalled that after he offered the shares, their value greater than fivefold.

On the age of 16, Turlov interviewed on the Moscow department of World Capital Investments (WCI) and commenced working as a dealer. Due to the time distinction with the US, he labored within the night and at night time whereas persevering with his research throughout the day.

In 2005, Timur Turlov moved to a division of Uniastrum Financial institution, the place he labored in brokerage operations and buying and selling and helped develop the infrastructure wanted to present shoppers entry to U.S. exchanges. He remained on this space till 2008. When the funding division was closed throughout the monetary disaster, the expertise he had gained and the workforce he had labored with grew to become the inspiration of his personal enterprise. Freedom was subsequently constructed on the founders’ skilled expertise and capital somewhat than on an inherited firm or a big household fortune.

Freedom traces its origins to 2008. Timur Turlov assembled a workforce and launched his personal brokerage firm targeted on offering shoppers with entry to the U.S. inventory market.

Publications describe the preliminary capital otherwise. In an interview with Forbes Kazakhstan, Turlov stated he invested about $50,000 of his personal cash, whereas his former supervisor contributed an identical quantity and supplied an current authorized entity for the enterprise. Forbes’ international profile places the founders’ preliminary capital at roughly $100,000.

In 2015, the corporate started transitioning to its present company construction: BMB Munai entered into an settlement with Turlov to amass his monetary firms and altered its title to Freedom Holding Corp. In 2019, the holding firm’s shares have been listed on Nasdaq. Since then, its operations have expanded far past conventional brokerage companies. In Kazakhstan, the group operates a financial institution, insurance coverage companies, fee companies, telecommunications, life-style companies, and different digital merchandise, a few of that are built-in into the Freedom SuperApp.

Turlov was born in Moscow and was initially a Russian citizen. He first got here to Kazakhstan in 2011 and later made the nation the bottom for each his enterprise and household life. In 2022, the entrepreneur grew to become a Kazakhstani citizen.

When discussing the choice publicly, he stated that his household had lived within the nation for a few years, that a lot of his kids had been born there, and that every one of his kids dwell and research in Kazakhstan.

As a result of Kazakhstan doesn’t acknowledge twin citizenship, the change additionally required him to surrender his different citizenships. In 2022 he renounced his Russian citizenship and his citizenship of Saint Kitts and Nevis and have become a citizen of Kazakhstan. The household resides completely in Almaty.

It’s subsequently extra correct to explain Turlov as a Russian-born Kazakhstani entrepreneur: his birthplace is in Russia, whereas his present citizenship, everlasting residence, and principal enterprise actions are all primarily based in Kazakhstan.

Timur Turlov is married to Elena Turlova, whom he met whereas they have been college students. The couple married across the time Turlov was constructing the enterprise that will ultimately develop into Freedom Holding Corp. When the household moved to Kazakhstan within the early 2010s, they already had three kids. Right this moment, Timur and Elena Turlov dwell in Almaty and are elevating six kids — three sons and three daughters.

Turlov as soon as stated in an interview that whereas he would be the president at work, at residence that function belongs to his spouse. Elena manages the kids’s schedules and coordinates the household’s plans.

Based on his official biography, Turlov spends a few of his free time taking part in chess along with his kids, in addition to strolling and biking. Turlov believes that kids comply with their dad and mom’ instance greater than their phrases. That’s the reason, he says, dad and mom ought to deal with their very own habits somewhat than merely telling their kids what is true. Timur Turlov has additionally stated that he doesn’t count on his kids to mechanically comply with him into enterprise, preferring to allow them to select their very own profession paths.

Timur Turlov conducts a lot of his philanthropic work by way of Freedom Shapagat and different Freedom Holding initiatives. The Freedom Shapagat Basis was established in August 2023 because the group’s nonprofit arm, coordinating charitable and sponsorship packages in schooling, sports activities, tradition, environmental tasks, and social initiatives.

In January 2023, Timur Turlov grew to become president of the Kazakhstan Chess Federation. Since September 2024, he has additionally led the Worldwide College Chess Federation (ISCF), a FIDE-affiliated group established to unite nationwide college chess associations and promote the combination of chess into college schooling internationally. Below the ISCF’s auspices, an World Colleges Workforce Championship is held throughout Asia, the Americas, Africa and Europe. Over three years, Turlov and his companies have invested $75 million in chess.

In 2026, Timur Turlov took his involvement within the sport to the worldwide degree by saying his candidacy for president of FIDE, the worldwide governing physique for chess. 5-time world champion Viswanathan Anand joined his ticket as a candidate for vice chairman. The election is scheduled to happen in Samarkand on September 26, 2026.

In soccer, Turlov helped launch the Freedom QJ League and have become chairman of its Board of Trustees. Forbes Kazakhstan estimated Freedom’s whole funding within the venture at 8.6 billion tenge ($18.8 million).

In schooling, the group helped finance a brand new constructing at SDU College in Almaty and the campus of the IQanat college. In August 2026, Freedom Holding grew to become one of many native companions of the Worldwide Olympiad in Synthetic Intelligence, IOAI 2026, in Astana. Greater than 500 college college students from 106 nations took half within the competitors.These initiatives focus primarily on schooling, youth sports activities, and expertise abilities.

What Is Timur Turlov’s Internet Value?

The estimate adjustments together with Freedom Holding’s share value. Forbes Kazakhstan reported $5.2 billion in Could 2026, whereas his international Forbes profile confirmed $6.9 billion as of August 25, 2026. Most of his wealth is tied to his stake in FRHC.

Is Timur Turlov Married?

Sure. Turlov is married to Elena Turlova. The household lives in Almaty and has six kids.

Who Are Timur Turlov’s Mother and father?

Public sources verify details about his mom, who labored as a biochemist. Turlov has stated that he barely remembers his father; there’s little dependable public details about his father’s biography.

What Citizenship Does Timur Turlov Maintain?

He was born in Moscow however has been a citizen of Kazakhstan since 2022. When he grew to become a Kazakhstani citizen, Turlov renounced his Russian citizenship and his citizenship of Saint Kitts and Nevis.

What Is Timur Turlov’s Faith?

Turlov has publicly stated that he believes in God. In a 2024 interview, he spoke about what he asks God for and stated that he doesn’t flip to the Almighty as usually as he believes he ought to. Kazakhstani media have described him as Christian, though Turlov doesn’t seem to debate his non secular affiliation extensively in public.

How Tall Is Timur Turlov?

Kazakhstani media report his peak as 6 toes 6 inches (199 cm). Liter.kz reported the determine in December 2024, and BES.media later cited it as nicely in articles a couple of joint video that includes Turlov and the blogger Alisher Yelikbayev.