Timur Turlov is a Kazakhstani entrepreneur and financier, best known as the founder, CEO, and majority shareholder of Freedom Holding Corp., a diversified financial services company operating in 22 countries.
Early Life and Education
Born on November 13, 1987, in Moscow, Russia, Turlov developed an early interest in stock market investments during his school years. In 2009, he graduated from Moscow State Aviation Technological University with a degree in economics and management.
Career
Turlov began his career in 2003 as a trader at the Moscow branch of World Capital Investments (WCI), an American investment company. In 2005, he joined Yutreyd.ru, a subsidiary of Uniastrum Bank, where he facilitated access to U.S. stock exchanges. Following the 2008 global financial crisis and the subsequent closure of his unit at Uniastrum Bank, Turlov decided to establish his own company.
In 2008, he founded Freedom Finance, providing access to U.S. stock exchanges and brokerage services. Under his leadership, the company expanded into multiple countries and, in 2019, became the first financial institution from the Commonwealth of Independent States to be listed on the NASDAQ stock exchange under the ticker symbol FRHC.
Personal Life and Citizenship
Turlov is married and has six children. He has been domiciled in Kazakhstan since 2011 and became a tax resident of the country. In June 2022, he acquired Kazakh citizenship after renouncing his Russian and St. Kitts and Nevis citizenships.
Net Worth
As of January 2025, Turlov’s net worth was estimated at $6.1 billion.
Other Endeavors
Beyond his business ventures, Turlov is involved in various projects and initiatives. He became the head of the Kazakhstan Chess Federation in January 2023 and has been a columnist for the American version of Forbes.
For more detailed information about his biography, career, and projects, you can visit his official website – https://timurturlov.com/
The Freedom Ecosystem
Today, Freedom Holding Corp. operates as a global financial services company with offices in 22 countries and a robust financial ecosystem in Kazakhstan.
- Freedom Bank (Previous Kassa Nova Bank, was acquired in 2024): Offers innovative services like digital mortgages, online business loans, and the Freedom
- SuperApp, a one-stop platform for managing finances, purchasing insurance, applying for loans, and even booking airline tickets.
- Tradernet: A proprietary trading platform supporting Freedom brokers across jurisdictions in 16 languages. It leverages AI for issuer analysis, competitor benchmarking, and news evaluation.
- Freedom Pay: A cross-border payment solution operating in Uzbekistan, Kyrgyzstan, and Kazakhstan, designed to enhance business sales and customer experience.
- Freedom Life & Freedom Insurance: Online insurance providers with a growing customer base. Freedom Life’s endowment insurance is a bestseller, while Freedom Finance Insurance is pioneering an online car insurance payment system using DTP.kz.
- Freedom Telecom: A telecommunications leader offering broadband, 5G, and cutting-edge technologies like WiFi 6E/7 and air-to-ground internet for flights in Kazakhstan. By 2025, the company will lay over 300,000 kilometers of fiber optic cable and launch Freedom Media Platform, focusing on content creation and streaming services.
- Lifestyle and Retail: Includes Arbuz.kz (online supermarket), Aviata (travel booking), Freedom Mobile (electronics retail), Freedom Drive (driver-focused goods and services), and Ticketon (event ticketing).
Over 5 million customers worldwide use Freedom’s products and services.
