Born in 1987, Timur Turlov started his journey into finance at 16, working as a trader at World Capital Investments (WCI). His early career continued at Uniastrum Bank, where he helped build infrastructure that enabled access to U.S. stock markets. This early experience laid the groundwork for his future pursuits in global finance.
In 2008, Turlov founded Freedom Finance, a brokerage company with a focus on U.S. market access. In 2012, he expanded into Kazakhstan, transforming Freedom Finance into a comprehensive financial services firm. The business soon added banking and online trading capabilities, marking the beginning of a rapidly growing financial network.
Formation of Freedom Holding Corp. and Public Listing on Nasdaq
In 2019, Turlov consolidated his ventures under the name Freedom Holding Corp., listing it on Nasdaq as the first financial company from the CIS on the exchange under the ticker FRHC. Initially, shares traded at under $15, rising to over $80 by 2024. This growth positioned Turlov as one of the world’s billionaires, with a net worth of $3.3 billion as of May 2024.
Creating a Full-Service Financial Ecosystem
Freedom Holding Corp. has developed a diverse financial ecosystem, establishing itself across 22 countries with a strong foundation in Kazakhstan. This ecosystem includes Freedom Bank, offering digital mortgages and business loans; Tradernet, a trading platform with AI-enhanced analytics; Freedom Pay, a cross-border payment service; Freedom Life and Freedom Insurance, providing accessible insurance options; and Freedom Telecom, which expands broadband and 5G networks. With a client base of around 5 million, Freedom Holding integrates finance, insurance, and telecommunications to serve a global audience.
Expansion Across the U.S. and European Markets
In 2020, Turlov took Freedom Holding into the U.S. market by acquiring Prime Executions Inc., establishing direct access to American exchanges. The 2023 acquisition of LD Micro further cemented Freedom’s influence within the U.S. finance landscape. In Europe, Freedom Finance Europe Ltd., established in Cyprus in 2021, operates across several countries, serving more than 200,000 accounts. Turlov is now exploring markets in Turkey, the UAE, and Azerbaijan, highlighting his global vision.
Social and Community Initiatives
Beyond his business activities, Turlov is actively engaged in social projects. Since 2023, he has led the Kazakhstan Chess Federation, promoting chess as part of educational programs. Additionally, as chairman of the QJ League, a youth football initiative, he provides new opportunities for young athletes. Freedom Holding collaborates with environmental organizations on Aral Sea restoration, with initiatives like the AraldySaqta donation card supporting environmental causes. The QALAM project, launched by Turlov, preserves and promotes the cultural heritage of Central Asia.
Commitment to ESG and Regional Sustainability
Under Turlov’s leadership, Freedom Holding has embraced environmental, social, and governance (ESG) principles. The company’s first ESG report, published in 2023, outlines its dedication to responsible business practices. The Freedom Shapagat Corporate Foundation, established to support sustainable projects, launched a recycling initiative in 2024, setting up collection points for recyclables in Almaty and Astana. Appointed as Chairman of the UN Global Compact Advisory Committee in Central Asia, Turlov is committed to addressing regional issues such as environmental conservation and resource management.
Timur Turlov’s journey reflects a blend of ambition, social responsibility, and innovation, transforming Freedom Holding Corp. into a global financial powerhouse that prioritizes community impact and sustainability. His vision continues to influence the financial landscape across continents.
