He is one of Kazakhstan’s biggest millionaires who saw great potential in the sport and invested $2.3 billion to make it popular.
Bulat Utemuratov It’s one of the biggest millionaires Kazakhstan. Through his diplomacy, he implemented a 15-year plan to transform his country into one of the tennis powers. For this reason, he invested in the training of players and managed to have some of the most important tournaments in the sport be played in his homeland.
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His first great success was Wimbledon championship that Elena Rybakina won at the All England Stadium. The tennis player indicated, during the trophy presentation, that she had incredible support from the businessman and that the investment in her game changed her life. The player is of Russian origin but she was naturalized as a Kazakh due to Utemuratov’s financial aid.
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How Bulat Utemuratov made his fortune
The extraordinary sums of the Kazakh have their beginnings in his diplomacy. Utemuratov began working in the judiciary and served as a prosecutor. After Kazakhstan’s independence in 1991, he was selected as a national representative to find economic opportunities. His work was essential to obtain a loan with Bank Creditanstalt.
After his actions, he was appointed vice minister for foreign economic affairs. In 1995 he founded the Almaty Bank of Commerce and Finance along with a group of partners, although he was the majority shareholder. In 2007 they sold the entire institution to the Italian group UniCredit for 2.3 billion dollars. Later he continued to be linked to the country’s politics and financial institutions.
Bulat Utemuratov’s love for tennis
Bulat Utemuratov and Elena Rybakina
The nation
The financial businessman’s passion for sports was present throughout his life. In his youth he boxed and played soccer and ping pong. He experimented with tennis after Kazakhstan’s independence, although the sport was seen as an activity for the elite and there were only a handful of courts in the entire country.
For him, tennis required versatility, intellectual capacity, concentration and he envisioned constant athletic improvement. He saw great potential in this sport, so invested 200 million dollars to build 38 tennis centers in the 17 regions of his country. In addition, he awarded prizes of 50 thousand dollars to the best players in the lower leagues to help his training.
His plan was to make tennis an affordable sport and make it a game for everyone. His achievements were notable, They went from having 1,800 registered players in 2007 to 33,000 currently. In addition, Kazakhstan benefited from sanctions on Russian players due to the country’s war against Ukraine. Utemuratov’s nation shares the same language and invites the nationalization of all tennis players that Russia did not support.
El patrimonio de Bulat Utemuratov en 2024
Forbes magazine reported that the tennis-loving businessman has a fortune valued at 2.7 billion dollars
2024-05-05 21:33:45
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