Timur Askaruly Kulibayev (, , ; born 10 September 1966) is a Kazakh businessman. He is the son-in-law of former Kazakh president

Nursultan Nazarbayev Nursultan Abishuly Nazarbayev (born 6 July 1940) is a Kazakhstani politician who served as the first president of Kazakhstan from 1991 to 2019. He also held the special title of Elbasy from 2010 to 2022 and chairman of the Security Council of ...

. He is known as Kazakhstan's "Oil Prince" due to his connections to Kazakh political elites and Kazakh state-owned energy companies. Kulibayev held several high-level government positions during his father-in-law's rule of Kazakhstan, including in Kazakh state-owned enterprises that manage Kazakhstan's natural resources and have immense influence over the country's

hydrocarbon In organic chemistry, a hydrocarbon is an organic compound consisting entirely of hydrogen and carbon. Hydrocarbons are examples of group 14 hydrides. Hydrocarbons are generally colourless and Hydrophobe, hydrophobic; their odor is usually fain ...

industry."The Kazakhs Want Control"
, oilandglory.com; accessed 23 February 2015.
oilandglory.com; accessed 23 February 2015.
CNN Money He is the former head of

Samruk-Kazyna Joint-stock company «Sovereign Wealth Fund «Samruk-Kazyna» (, ), officially known as the National Welfare Fund "Samruk-Kazyna" (), is a sovereign wealth fund and joint stock company in Kazakhstan which owns, either in whole or in part, a num ...

(Kazakhstan's sovereign wealth fund). He was on the Board of Directors of the

Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐsˈprom) is a Russian State-owned enterprise, majority state-owned multinational Energy industry, energy corporation headquartered in the Lakhta Center in Saint Petersburg. The Gazprom name is a contract ...

, Russia's largest energy company from 2011 to 2022. In 2020, the

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

reported that Kulibayev was involved in schemes to skim at least tens of millions of dollars from contracts that the Kazakhstani state made on pipeline construction. Kuliabayev and his wife's wealth have been estimated at more than $10 billion. Kulibayev has been called "the most important business figure" in the Republic of Kazakhstan by ''

The Daily Telegraph ''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a British daily broadsheet conservative newspaper published in London by Telegraph Media Group and distributed in the United Kingdom and internationally. It was found ...

''.

Early life and education

Kulibayev was born on 10 September 1966 in Alma-Ata (now

Almaty Almaty, formerly Alma-Ata, is the List of most populous cities in Kazakhstan, largest city in Kazakhstan, with a population exceeding two million residents within its metropolitan area. Located in the foothills of the Trans-Ili Alatau mountains ...

Kazakh SSR The Kazakh Soviet Socialist Republic, also known as Soviet Kazakhstan, the Kazakh SSR, KSSR, or simply Kazakhstan, was one of the transcontinental constituent republics of the Soviet Union (USSR) from 1936 to 1991. Located in northern Centr ...

USSR The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet ...

. His father was a Communist Party boss in the Soviet Union. In 1988, he graduated from

Lomonosov Moscow State University Moscow State University (MSU), officially M. V. Lomonosov Moscow State University,. is a public research university in Moscow, Russia. The university includes 15 research institutes, 43 faculties, more than 300 departments, and six branches. Al ...

after studying "National Economy Planning". He defended his PhD thesis on the topic "Improving the Organizational and Economic Mechanism of Enterprise Management in Market Conditions (Using the Example of the Oil Industry)" in 1999.

Business career

From 1988 to 1992, he was a junior research assistant at the Scientific-Research Economics Institute of Planning and Normative Standards (SREIP&NS) under the State Plan of

Kazakh Soviet Socialist Republic The Kazakh Soviet Socialist Republic, also known as Soviet Kazakhstan, the Kazakh SSR, KSSR, or simply Kazakhstan, was one of the transcontinental country, transcontinental Republics of the Soviet Union, constituent republics of the Soviet Un ...

, and was a director of the Scientific-Consulting Center of the Fund of Cultural, Social, Scientific and Technological Development of Kazakhstan. From 1992 to 1995, he headed the Altyn-Alma concern (it was transformed into the Almex holding). In 1995, he founded the Almaty Trade and Financial Bank together with his partners. He took the position of Chairman of the Supervisory Board and joined the Credit Committee. From 1997 to 1999, he was Vice President for Economics and Finance at Kazakhoil. In 1999, he became the head of the National Oil Transportation Company KazTransOil CJSC (a state-owned company for the management of the main oil pipelines). From 2001 to 2002, he headed CJSC National Oil and Gas Transport Company (formed on the basis of KazTransOil and KazTransGas). From 2002 to 2005, he held the position of First Vice President of JSC National Company KazMunayGas (which united Kazakhoil and the Oil and Gas Transport Company. From 2006 to 2007 he was a member of the company's Board of Directors, and from 2009 to 2012 he was Chairman of the Board. Timur Kulibayev participated in the deal to buy out 8.33% of the North Caspian project from British Gas, which ensured the participation of KazMunayGas in the development of the Kashagan field. Timur Kulibayev's activities in the company have led to an increase in recoverable oil reserves, the expansion and diversification of transport routes for hydrocarbons, and an increase in oil refining capacity. From 2005 to 2013, he was a freelance advisor to his father-in-law, Nursultan Nazarbayev, the president of the Republic of Kazakhstan. From 2006 to 2007, he was Deputy Chairman of the National Welfare Fund Samruk-Kazyna JSC. In 2008, he became the Chairman of the Board. He also held the position of Chairman of the Board of Directors in subsidiaries of the holding: Kazatomprom (2008-2012), Kazakhstan Temir Zholy (2009-2011), Samruk-Energo (2009-2011). On 26 December 2011, Kulibayev resigned from the post of chairman of the Board of Samruk-Kazyna. On 26 December 2011, Kulibayev resigned from the post of chairman of the Board of Samruk-Kazyna. From 2006 to 2007, he was a member of the Board of Directors of KEGOC, and from 2008 to 2011, he headed the Board. On 26 December 2011, Kulibayev resigned from the post of chairman of the Board of Samruk-Kazyna. Kulibayev joined the board of Gazprom in 2011. In March 2022, he resigned from Gazprom's board with immediate effect. Since June 2008, he has been Chairman of the Kazakhstan National Committee of the

World Petroleum Council WPC Energy is a non-advocacy, non-political organisation with charitable status in the U.K. and has accreditation as a Non-Governmental Organization (NGO) from the United Nations. WPC Energy facilitates an open dialogue around oil, gas, energy a ...

. In 2020, the

reported on emails and whistleblower information which showed that staff for Kulibayev was involved in schemes that would allow Kulibayev to skim at least tens of millions of dollars from contracts that the Kazakhstani state made on pipeline construction. Kulibayev has denied the allegations. Due to the

2022 Kazakh unrest The 2022 Kazakh unrest, also known as January Events, Bloody January, or the January Tragedy, was a series of Political demonstration, mass protests and Civil disorder, civil unrest that began in Kazakhstan on 2 January 2022 after a sudden ...

, Kulibayev and his wife Dinara lost $200million after

Halyk Bank Halyk Bank () is a commercial savings bank in Kazakhstan that also has branches in Kyrgyzstan, Georgia, Russia, Tajikistan and Uzbekistan. Its full Kazakh name translates into English as "Peoples' Savings Bank of Kazakhstan Joint-Stock Company". ...

fell 16% at the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

. Kulibayev was appointed to the Board of Directors of the Russian largest energy company shows the particular importance of economic cooperation between Kazakhstan and the Russian Federation, as well as a recognition of high professional qualities of the Chief Executive of Samruk-Kazyna Fund.

Public Activities

From 2005 to 2023, he headed the Kazakh Association of Organizations of the Oil and Gas and Energy Complex Kazenergy, a structure that deals with establishing relations between private investors and government agencies and unites national and foreign companies operating in the energy sector of Kazakhstan. From 2009 to 2024, he headed the Kazakhstan Boxing Federation. During this period, the Kazakh boxing team won one gold, one silver, and two bronze medals at the 2012 Olympic Games and one gold, two silver, and two bronze medals at the 2016 Olympics. In 2010, he took the position of Chairman of the Presidium of the National Economic Chamber of Kazakhstan "Atameken Union". From 2010 to 2015, he was a member of the Executive Committee of the National Olympic Committee of the Republic of Kazakhstan. In 2012, he took the positions of Vice President and member of the Executive Committee of the International Amateur Boxing Association (AIBA). From 2012 to 2016, he held the position of Chairman of the Association of Legal Entities in the Confederation of Combat and Power Sports, which included the republic's federations of boxing, wrestling, weightlifting, and judo. In 2013, the National Chamber of Entrepreneurs of the Republic of Kazakhstan was established by decision of the government of Kazakhstan and Atameken Union. Timur Kulibayev was elected Chairman of the Presidium of the Chamber. He held this position until January 17, 2022. During this period, he supervised the implementation of the Chamber's projects, regularly traveled around the country, visited enterprises, and communicated with entrepreneurs and representatives of various government bodies. From 2015 to 2024, he was the President of the National Olympic Committee of the Republic of Kazakhstan and Chairman of the Executive Committee of the National Olympic Committee of the Republic of Kazakhstan Public Association. From 2016 to 2019, he headed the Swimming Sports Federation of Kazakhstan. In 2016, he assumed the position of Vice President and member of the Executive Committee of the Olympic Council of Asia (OCA, Olympic Council of Asia). From 2017 to 2019, he was a member of the Public Affairs and Social Development Through Sport Commission (PASD) of the International Olympic Committee. It was transformed into the IOC Olympism 365 Commission, which Kulibayev joined in September 2022. From 2018 to 2023, he was a member of the Presidium of the Kazakhstan Golf Federation. In 2018, he joined the Executive Committee of the Association of National Olympic Committees (ANOC).

Personal life

Kulibayev is married to Dinara Nursultanovna (''née'' Nazarbayeva), daughter of Kazakhstan's long-time president

. She and Kulibayev have three children. He owns a vast real estate portfolio, including a mansion in the United Kingdom, castles in Switzerland and Germany, and a Spanish estate. In 2025, Kulibayev was reported to own eight properties in Spain. In 2007, Kulibayev (with the help of Kazakhstani investor

Kenes Rakishev Kenges Rakishev (; Russian: Кенес Хамитович Ракишев), also written Kenes, is a Kazakhstani businessperson. He is the President and main shareholder of Fincraft Resources, a company listed in the Kazakhstan Stock Exchange a ...

) became the owner of Sunninghill Park, a country house formerly belonging to

Prince Andrew Prince Andrew, Duke of York (Andrew Albert Christian Edward; born 19 February 1960) is a member of the British royal family. He is the third child and second son of Queen Elizabeth II and Prince Philip, Duke of Edinburgh, and a younger broth ...

, after

Sarah, Duchess of York Sarah, Duchess of York (born Sarah Margaret Ferguson; 15 October 1959), also known by the nickname Fergie, is a British author, philanthropist, television personality, and member of the extended British royal family. She is the former wife of P ...

and their daughters left the property in 2006. Kulibayev paid $19.7million for the house, $4million over the asking price, even though there were no other bids. In 2016 it was demolished and a 14-bedroom mansion was built in its place. Kulibayev is an avid fan of sports, especially

golf Golf is a club-and-ball sport in which players use various Golf club, clubs to hit a Golf ball, ball into a series of holes on a golf course, course in as few strokes as possible. Golf, unlike most ball games, cannot and does not use a standa ...

, skiing, and soccer.Тимур Кулибаев: Гольф - идеальная игра!
, Golf.kz He speaks Kazakh, Russian, and English.

Awards

*Order of Kurmet (Honor)  (2001) * Jubilee medal "10th Anniversary of the Constitution of the Republic of Kazakhstan" (2005) *

Order of Friendship The Order of Friendship (, ') is a state decoration of the Russian Federation established by Boris Yeltsin by presidential decree 442 of 2 March 1994 to reward Russian and foreign nationals whose work, deeds and efforts have been aimed at ...

(Russia, December 20, 2007) — for his great contribution to strengthening friendship and cooperation in the development of the fuel and energy complex of the Russian Federation and the Republic of Kazakhstan * Jubilee medal "10th Anniversary of Astana" (2008) * Order of Barys (Leopard), III Degree (2009) * Order of Al-Fakhr (Honor) of the Council of Muftis of Russia (2010) * Order of the Holy Prince Daniel of Moscow of the Russian Orthodox Church, II Degree (ROC, 2010) * Jubilee medal "20th Anniversary of the Independence of the Republic of Kazakhstan" (2011) * Badge "Honorary Railwayman" of the CIS (2011) * Order of Barys (Leopard) I Degree (2014) * Jubilee medal "25th Anniversary of the Independence of the Republic of Kazakhstan" (2016) * Badge "Honored Worker of the Oil and Gas Industry" (2020) * Order of Otan (Fatherland) (2021) * Order of Enbek Ushin (For Labors) of the Head of the Metropolitan District of the Russian Orthodox Church in the Republic of Kazakhstan (2021)

References

{{DEFAULTSORT:Kulibayev, Timur 1966 births Dughlats Living people Kazakhstani businesspeople Ethnic Kazakh people Recipients of the Order of Kurmet Moscow State University alumni Kazakhstani billionaires Nursultan Nazarbayev family