Who is Timur Turlov, the 36-year-old billionaire who renounced Russian citizenship and continues to grow his fortune from Kazakhstan

He became one of the biggest millionaires to escape Russia after the 2007 economic recession and found a growing market in his new country.

Timur Turlov It’s one of the millionaires in the world of “trading” by his international investment company, Freedom Holding Corp. The company of the born in Russia, specializes in technology companies. His business has grown in popularity since he joined the National Association of Securities Dealers Automated Quotation (NASDAQ), the second most popular stock exchange in the United States.

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Since the time mentioned above, his company attracted the attention of thousands of investors. Curiosity increased when he was part of the Forbes list and his Growth continued on a constant rise until reaching a price of 7.45 billion dollars according to the business and economics magazine.

How Timur Turlov, Kazakh billionaire, made his fortune

The Russian was one of the victims of the economic crisis of 2007. The Great Recession caused him to lose his job and he sought new opportunities abroad. In 2011 she moved to Kazakhstanto the city of Almaty, where the headquarters of his business is located today. Timur maintained both nationalities until the start of the war between Russia and Ukraine.when he renounced being a Russian citizen.

The Kazakh by adoption, he saw great potential in his new country. There he operates what he calls a “laboratory” to identify market trends and understand what customers want. Timur makes each of his moves with the logic calculator of a chess game, which are a great passion for the investor.

Timur Turlov gave an interview with the European press, where he indicated that his offices in New York have an extremely high cost but he argued that they are necessary to achieve the credibility that the market demands. The businessman encouraged people to bet on Kazakhstan by declaring: “It is a country in which no one was interested and in which foreign investment is not limited”.

But the main focus of the interview was the landing of the company in Europe, under the Freedom24 brand. It is a trading platform based in Cyprus, which last year exceeded 250 thousand users. In addition, the head of Business Development at Freedom Finance in Europe indicated that negotiations are underway to acquire a bank in the Iberian region to support each of the operations and services provided by the platform.