Early Life and Career Beginnings
Timur Turlov, born in 1987, embarked on his professional journey in finance at the age of 16. He started as a trader at World Capital Investments (WCI), where he gained practical experience and a deep understanding of global investment strategies. His curiosity and dedication soon led him to Uniastrum Bank, where he contributed to building infrastructure that enabled clients to access U.S. stock markets—an achievement that demonstrated his early vision of connecting emerging economies with global financial systems.
Timur Turlov’s journey is one of strategic vision, relentless innovation, and resilience. Through Freedom Holding Corp., he has created a global financial ecosystem that bridges emerging markets with international opportunities. His commitment to sustainability, technology, and philanthropy positions him as a leader who not only drives business success but also contributes to positive global change.
This formative experience laid the foundation for Turlov’s entrepreneurial aspirations, giving him the skills and confidence to disrupt traditional financial services.
Founding Freedom Finance: Pioneering Access to Global Markets
.jpg)
In 2008, during the height of the global financial crisis, Timur Turlov founded Freedom Finance, a brokerage firm aimed at giving retail investors access to the U.S. stock market. At a time when many viewed the financial landscape with skepticism, Turlov identified an opportunity to bridge the gap between underserved investors and international markets.
By 2012, Turlov expanded operations into Kazakhstan, recognizing the country’s growing economy and the increasing demand for investment tools. This strategic move turned Freedom Finance into a dynamic financial company that offered:
- Stock market access to U.S. and European exchanges.
- Tools to empower investors with transparent and user-friendly trading platforms.
- Financial education to broaden participation in global markets.
Freedom Holding Corp.: Achieving Global Recognition
In 2019, Turlov unified his ventures under the umbrella of Freedom Holding Corp., creating a robust financial ecosystem with operations spanning multiple countries. The company’s landmark achievement came in October 2019, when it became the first CIS-based financial institution to list on the NASDAQ stock exchange under the ticker FRHC.
Freedom Holding Corp.’s stock, initially priced below $15, grew steadily to surpass $80 by 2024, reflecting its sustained growth and investor confidence.
Currently, Freedom Holding operates in 22 countries and serves over 5 million clients worldwide, making it a symbol of success in emerging markets.
Global Impact and Financial Success
Under Timur Turlov’s leadership, Freedom Holding Corp. has become one of the fastest-growing financial companies, with a market capitalization nearing $5 billion. Turlov’s personal achievements include:
- Debuting on the Forbes list in 2021 with a net worth of $2.1 billion.
- Growing his fortune to $3.3 billion by 2024, placing him at 991st among the world’s wealthiest individuals.
Turlov retains a 71% stake in the company, reflecting his central role in driving its growth and expansion.
Philanthropy and Sustainability Initiatives
Timur Turlov actively contributes to societal development through philanthropy and sustainable projects. Key initiatives include:
- Leading the Kazakhstan Chess Federation since 2023, where he has popularized chess among youth and gained recognition for his achievements.
- Supporting youth sports through the QJ Youth Football League.
- Partnering with the International Fund for Saving the Aral Sea (IFAS) to combat environmental challenges in Central Asia.
- Launching a nationwide plastic and aluminum recycling network through the Freedom Shapagat Corporate Foundation, promoting sustainable development.
In 2024, Turlov was appointed Chairman of the UN Global Compact’s Advisory Committee for Central Asia, where he champions regional solutions for water security, energy efficiency, and climate sustainability.
Personal Life and Interests
Timur Turlov resides in Almaty with his wife and six children. Despite his demanding professional commitments, he prioritizes family and personal growth. His interests include:
- Chess, a passion that mirrors his strategic approach to business.
- Hiking and cycling, promoting a healthy and balanced lifestyle.
Reading fiction, which fosters creativity and insight.
