Bulat Utemuratov
Source of wealth: Mining, banking, hotels
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The scale of their wealth
Health
The price of life
Let's compare Bulat Utemuratov's fortune with the healthcare spending of a massive country
Bulat Utemuratov could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 2.4 years.
But even if we compare their fortune with that of a rich country
On the other end, Bulat Utemuratov could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.1 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Bulat Utemuratov could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.6 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Bulat Utemuratov could pay for it entirely for 2.2 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Bulat Utemuratov could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 9.1 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Bulat Utemuratov with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.2 years.
Gold
Everyday luxuries
Bulat Utemuratov's fortune is equivalent to 37 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Bulat Utemuratov could buy 9,870,960 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Bulat Utemuratov will almost certainly have enough money left over to pay for the gas.
Biography
Bulat Utemuratov is a Kazakhstani investor whose investment portfolio includes holdings in the hotel sector and mobile phone companies Kar-tel and Kyrgyzstan's Sky Mobile.
In 2012, he led the sale of mineral company Kazzinc to commodities firm Glencore for $1.4 billion in cash and shares, which he sold in 2021.
Utemuratov purchased 88% of Kazakhstan's Forte Bank for $400 million in 2014.
In 2025, the businessman sold The Ritz-Carlton Vienna hotel, the gold mining company RG Gold in Kazakhstan, the Burger King franchise in Kazakhstan, and Sky Mobile LLP in Kyrgyzstan (a mobile operator).
One of his biggest transactions was the 2007 sale of Kazakhstan's ATF Bank to Italian bank UniCredit for a reported $2.2 billion
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison