Timur Turlov

Timur Ruslanovich Turlov (born 13 November 1987) is a Russian-born Kazakhstani entrepreneur and financier. He is the founder of Almaty-based Freedom Finance. As of May 2025, his net worth was $7.6 billion.

After graduating from high school in 2003, he began working at the Moscow branch of World Capital Investments (WCI), an American investment company, where he worked as a trader.

In 2005, Turlov was hired by Yutreyd.ru, a subsidiary of "Uniastrum Bank" (Moscow), to deal with the American stock market operations. He succeeded and built an infrastructure, which gave a unit an access to US stock exchanges. During the 2008 financial crisis, Uniastrum Bank was sold to the Bank of Cyprus and the trading unit where Turlov worked was closed. Back then, he and his colleagues decided to use their knowledge and experience to run their own company.

Freedom Finance

In 2008, Timur Turlov founded Freedom Finance, which provides access to US stock exchanges and brokerage services. As of 2024, Freedom Finance was represented in 22 countries.

Turlov grew the business by attracting retail investors through active selling of American securities. As of 2022, the subsidiary was the most active trading participant at the Kazakhstan Stock Exchange.

In 2015, Turlov became the main shareholder of Freedom Holding Corp. He used this brand to put Freedom Finance Investment Company, Freedom Finance JSC, Freedom24 and Freedom Finance Bank under one umbrella label.

In 2015 – 2018, subsidiaries of Freedom Holding were opened in Ukraine, Kyrgyzstan, Uzbekistan, Germany and Cyprus. In 2019, Timur Turlov made the holding public by listing shares on the American technology stock exchange Nasdaq. Thus, Freedom Holding became the first financial institution from the Commonwealth of Independent states to be listed on the Nasdaq Stock market. The company exited Russia in October the same year.

Other In December 2022, he was included in Ukraine's sanctions list. His Ukraine-based company called this decision a "mechanical error". Three years later, the company initiated the process of returning blocked assets to its clients from Ukraine.

In January 2023, Turlov became the head of Kazakhstan Chess Federation.

Personal life

Turlov is married and has six children. He has been domiciled in Kazakhstan since moving there in 2011.

In June 2022, Turlov confirmed that he had acquired Kazakh citizenship after renouncing his Russian and St. Kitts and Nevis citizenship.