Kazakh businessman and financier Timur Turlov came to fame after an extraordinary climb from relative obscurity; he was born in Russia on November 13, 1987, yet he rose to popularity after becoming the creator of a global brokerage firm while still a young man.
His life is an inspiring tale of perseverance, vision, and passion that took him across continents and helped him reach monumental financial milestones.
Education and Early Life
Timur Turlov’s fascination with the financial market started while he was still in school, and it would go on to shape a career that would take him all over the world. He became a manager-economist after graduating from Moscow Aviation Technology University (MATI) in 2009.
His education gave him a firm grasp of the fundamentals of investing and finance, and he was able to use those abilities to his advantage in the financial markets.
How He Started His Career
As soon as Turlov graduated from high school in 2003, he began working for the American investment firm World Capital Investments (WCI) in Moscow. He was able to obtain practical knowledge of the stock market through his position as a trader.
The foundation he laid for his future successes was this early exposure, which was priceless. Turlov took over operations pertaining to the American stock market in 2005 after relocating to Moscow-based Yutreyd.ru, a division of Uniastrum Bank. During his time at Yutreyd.ru, he accomplished a lot, one of which was laying the groundwork for the company to join the US stock exchanges.
Unfortunately, Turlov’s trading arm was shuttered after Uniastrum Bank was sold to the Bank of Cyprus in 2008 due to the global financial crisis. Turlov and his colleagues were driven to take advantage of their skills and start their own company at this critical juncture.
Establishing Freedom Finance
Freedom Finance was established by Timur Turlov in 2008 and provides a variety of brokerage services, including access to US stock exchanges. In spite of the difficult economic climate, the company’s expansion was driven by Turlov’s vision and resolve. Freedom Finance is known as a pioneer in the financial industry and grew fast by aggressively marketing American assets to individual investors.
In 2018, Freedom Finance was honored with the “Financial Elite of Russia” award, a recognition that underscored its position as the broker with the quickest growth rate. According to the number of clients registered, the company was the eighth-biggest brokerage on the Moscow Exchange by the start of 2022.
Moving to Kazakhstan with his family in 2011, Turlov set up Freedom Finance JSC two years later; the subsidiary soon became the most active trader at the Kazakhstan Stock Exchange. This growth demonstrated Turlov’s capacity to adjust and prosper in many marketplaces.
All of Turlov’s financial businesses—Freedom Finance Investment Company, Freedom Finance JSC, Freedom24, and Freedom Finance Bank—were merged into Freedom Holding Corp in 2015. Freedom Holding established branches in Cyprus, Ukraine, Kyrgyzstan, Uzbekistan, and Germany between 2015 and 2018.
The 2019 Nasdaq Stock Market listing of Freedom Holding Corp was one of Turlov’s crowning achievements. Freedom Holding became the first financial institution from the Commonwealth of Independent States to be listed on Nasdaq, marking a significant milestone that demonstrates Turlov’s dedication to openness and expansion.
Freedom Holding Corp. left the Russian market in October of the same year that Turlov stated it would be leaving, 2022. This choice demonstrated Turlov’s ability to think strategically and adapt to changing geopolitical conditions.
Net Worth of Timur Turlov
Many have taken note of Timur Turlov’s savvy with money. With an estimated $2.1 billion in wealth, he was rated 1517th on Forbes Global 2000 list in 2021. His estimated net worth reached $2.2 billion in 2022, placing him as the seventh-wealthiest Kazakh by that year. The achievements and influence of Turlov in the financial industry are emphasized by these distinctions.
Family and Work
Timur Turlov has a rich personal life in addition to his successful career. He has a wife and six children of his own. Turlov has been a tax resident of Kazakhstan since 2011 and renounced his citizenship in Russia and St. Kitts & Nevis to get Kazakh citizenship in June 2022.
His great connection to Kazakhstan is shown in this relocation, which emphasizes his loyalty to his adoptive motherland.
The Legacy of Timur Turlov
Timur Turlov’s rise from an inquisitive student to a prominent person in global finance is a reflection of his determination, foresight, and entrepreneurial drive. He has become a well-known entrepreneur and financier thanks to his problem-solving skills, flexibility, and dedication to pushing the boundaries of his profession.
Countless aspiring business owners and investors will find motivation in Turlov’s tale as he keeps pushing the boundaries of innovation and grows his company. Devotion, strategic thinking, and an indefatigable drive for financial success are hallmarks of his legacy.
