Early Life and Professional Start
Born in 1987, Timur Turlov demonstrated an exceptional aptitude for finance and economics early in life. At 16 years old, he began his career as a trader at World Capital Investments (WCI), gaining invaluable experience in global markets. His next significant step came at Uniastrum Bank, where he spearheaded the development of infrastructure enabling clients to trade on the U.S. stock market. This experience instilled in him the entrepreneurial spirit and technical knowledge to create his own financial enterprise.
Founding Freedom Finance: A Strategic Leap
In 2008, Turlov founded Freedom Finance, a brokerage firm focused on providing direct access to U.S. stock exchanges. Launching during the global financial crisis, he identified a critical gap in the market: the growing need for international trading services.
By 2012, recognizing the potential of Central Asia, Turlov expanded operations into Kazakhstan. Freedom Finance quickly evolved into a multi-faceted financial platform, offering:
- Brokerage services for U.S. and European stock markets.
- Innovative banking products tailored for individuals and businesses.
Freedom Holding Corp.: A Financial Milestone
In 2019, Turlov consolidated his ventures into Freedom Holding Corp., a unified financial group. The company achieved a historic milestone by listing on the NASDAQ stock exchange under the ticker FRHC, becoming the first CIS-based financial institution to achieve this recognition.
With initial shares priced below $15, Freedom Holding Corp.’s stock value grew steadily, exceeding $80 by 2024. This growth underscored Turlov’s strategic leadership and the company’s robust performance.
A Multi-Sector Financial Ecosystem
Freedom Holding Corp. now operates in 22 countries and serves over 5 million customers worldwide. The company’s ecosystem combines technology, innovation, and customer-oriented services across key sectors:
Freedom Bank: Innovation in Digital Banking
Freedom Bank, acquired and restructured in 2024, focuses on delivering modern financial solutions:
- Digital mortgages for streamlined property transactions.
- Business loans accessible through intuitive online processes.
- The Freedom SuperApp, a one-stop platform for loans, insurance, and financial management.
Tradernet: Empowering Investors Globally
The Tradernet platform, available in 16 languages, is a game-changer for investors. It offers advanced features such as:
- AI-powered analytics for market analysis and competitor tracking.
- Seamless access to global financial markets.
- Real-time data for informed decision-making.
Freedom Pay: Cross-Border Financial Solutions
Freedom Pay operates in Kazakhstan, Uzbekistan, and Kyrgyzstan, facilitating cross-border payments and helping businesses scale their operations through efficient payment solutions.
Freedom Life and Freedom Insurance
Freedom Holding’s insurance division includes:
- Freedom Life, a leader in endowment insurance.
- Freedom Finance Insurance, which revolutionized car insurance in Kazakhstan through the online platform DTP.kz.
Freedom Telecom: Next-Generation Connectivity
Freedom Telecom has entered the telecommunications sector to provide cutting-edge solutions:
- High-speed 5G networks and broadband services.
- Advanced WiFi 6E/7 technologies for homes and businesses.
- Air-to-ground internet connectivity for flights in Kazakhstan.
With plans to deploy 300,000 kilometers of fiber optic cable by 2025, Freedom Telecom is set to launch the Freedom Media Platform, offering streaming services and content creation opportunities.
Lifestyle and Retail Ventures
Freedom Holding has successfully expanded into lifestyle and retail, enhancing consumer access to essential services:
- Arbuz.kz: An online supermarket serving everyday needs.
- Aviata: A travel and flight booking service.
- Freedom Mobile: A growing electronics and technology retailer.
- Freedom Drive: Solutions for drivers and auto enthusiasts.
- Ticketon: A leading platform for event and entertainment ticketing.
Timur Turlov’s Global Recognition and Financial Success
Timur Turlov’s leadership has positioned Freedom Holding Corp. as a global leader in finance. By 2024, the company’s market capitalization neared $5 billion, cementing its influence in international markets.
Turlov’s achievements have been recognized globally:
- In 2021, he entered the Forbes list with a net worth of $2.1 billion.
- By 2024, his fortune grew to $3.3 billion, earning him the 991st position among the world’s wealthiest individuals.
Holding a 71% stake in Freedom Holding Corp., Turlov remains the driving force behind its success and innovation.
Philanthropy and Commitment to Society
Timur Turlov’s impact extends beyond business. He actively contributes to social, environmental, and cultural causes, focusing on long-term regional development.
- As President of the Kazakhstan Chess Federation since 2023, he has revitalized chess in the region, earning widespread recognition.
- Through the QJ Youth Football League, he supports young athletes and promotes sports education.
Partnering with the International Fund for Saving the Aral Sea (IFAS), Turlov champions environmental conservation initiatives.