President Nursultan Nazarbayev re-elected for a fourth term on April 3 with 95.5% of votes decided who will succeed him, as the online newspaper Respublika Kazakhstan. His son, the billionaire Timur Koulibaev, 428 Forbes 2010 richest people in the world, has just been appointed to head the holding company Samrouk Kazyna, which covers all major public enterprises in the country.
The market capitalization of Samrouk Kazyna is estimated at 80 billion. "From there the chair of President of the Republic, there is only one step," the paper notes, adding: "Now, the Nazarbaev family holds all the power and the Kazakh economy."
The market capitalization of Samrouk Kazyna is estimated at 80 billion. "From there the chair of President of the Republic, there is only one step," the paper notes, adding: "Now, the Nazarbaev family holds all the power and the Kazakh economy."
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