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AUM

$3B+ (estimated based on Verny Capital holdings)

Principals

2

Principal Net Worth

$3.7B

Data Flags

Kazakhstan-based; known as "the gray cardinal"; Verny Capital investment group

Utemuratov Family Office

SFOHigh Confidence

Almaty, Kazakhstan

Last verified: Jan 17, 2026

Details

Source of Wealth
Diversified (Banking, Hospitality, Retail)
Assets Under Management
$3B+ (estimated based on Verny Capital holdings)
Source File
research/organizations/utemuratov-family-office.md
UID
fo-utemuratov-family-office

Also Known As

Bulat Utemuratov Family OfficeVerny CapitalUtemuratov Capital

Principals (2)

Bulat UtemuratovFounder/PrincipalOWNS
$3.7B
TBD-OWNS

Team Members (1)

Bulat UtemuratovChairman, Verny Capital
WORKS_AT

Related Entities (4)

Bulat Utemuratov FoundationFoundation

Philanthropic foundation

Burger King KazakhstanSubsidiary

Fast food franchise (~50 locations)

Forte BankSubsidiary

Kazakhstan commercial bank (88% stake)

Verny CapitalInvestment Vehicle

Investment holding company

Relationship Strength

Loading relationships...

Sources (5)

Changelog

  • 2026-01-17Upgraded to HIGH confidence - Forbes #979 ($3.7B) + CEOWORLD ($3.7B) + Astana Times confirms billionaire status
  • 2026-01-16Enriched with biography, Verny Capital details, Forte Bank acquisition, foundation work, net worth update ($3.7B)
  • 2026-01-15Auto-generated from principal Bulat Utemuratov

Engagement & Preferences