⬅ # 482 Michael Milken|# 484 Maximilian Viessmann

# 483 Vyacheslav Kim 

$6.54B

Real Time Net Worth
as of 5/18/2024
-$84.2M (-1.29%)

# 483 Vyacheslav Kim 

$6.54B

Real Time Net Worth
as of 5/18/2024
-$84.2M (-1.29%)
OccupationCofounder, Kaspi Bank
Source of WealthFintech
Age54
ResidenceAlmaty, Kazakhstan
Marital StatusSingle
Age-Adjusted Net Worth$9.81B
Vyacheslav Kim
Vyacheslav Kim
Kazakhstan
Net worth: $6.54B

Self-Made Score 

Wealth History

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Biography

Overview

Vyacheslav Kim, born June 12, 1969, in Almaty, Kazakhstan, is an economist, financier, and public figure.
He co-founded Kaspi Bank, Kazakhstan's largest payments and fintech company, alongside partner Mikhail Lomtadze.
Kaspi's 2020 IPO on the London Stock Exchange marked the largest international tech public offering of the year.
Kim's stake in Kaspi.kz was valued at $1.9 billion after the successful IPO.
Kim is renowned for his philanthropy, particularly in supporting public organizations, sports, and charitable initiatives.

Education and Early Career

Graduated from the Republican Physics and Mathematics School (1996).
Earned degrees in Financial Economics and Finance from Kazakh National Pedagogical University and Russian-Kazakh Modern Humanitarian University.
Founded Konovalov’s Ophthalmology Clinic in 1990.
Engaged in retail business and electronic equipment distribution until 2004.
Co-founded and owned the Planet of Electronics Network of Stores, the country’s largest retailer, from 1993 to 2005.
Served in various advisory and managerial roles in economic and business organizations, including Kazakhstan Temir Zholy JSC.

Kaspi Kz Journey

In 1993, Kim opened the Planet of Electronics Store, which later evolved into Kaspi Bank.
Recognizing the potential of combining retail and lending, Kim initiated partnerships and investments, leading to Kaspi's transformation into Kazakhstan's biggest fintech company.
His collaboration with Baring Vostok Fund facilitated Kaspi's growth, with Lomtadze joining the management team in 2007.
Kim played a pivotal role in Kaspi's IPO in October 2020, which significantly boosted his wealth.
Kim's interactions with Kazakhstan's president underscored Kaspi's strategic importance and its alignment with national economic development goals.
He remains actively involved in guiding Kaspi's expansion and development.

Other Business Ventures

Co-owner of Kolesa Group since 2013, Alseco Company since 2015, and Magnum Retail Chain since 2017.
Served as a member of the Board of Directors of Group of Companies Allur JSC from 2016 to 2019.
Held positions as an Independent Director and co-owner in various companies, including National Welfare Fund 'Samruk-Kazyna' JSC.
Diversification into different sectors showcases Kim's broad investment portfolio and business interests.
His leadership roles signify a commitment to fostering growth and innovation across multiple industries.
Continues to engage in new ventures and strategic investments.

Social Activity and Philanthropy

President of the Kazakhstan Kendo and Iaido Federation from 2016 to 2019.
Contributed significantly to the development of sports in Kazakhstan through leadership roles in various federations and organizations.
Active involvement in charitable endeavors, supporting initiatives such as the Ayala Charitable Foundation and the Mercy Voluntary Society.
Received awards and honors for his philanthropic efforts and contributions to societal development.
Participated in COVID-19 relief efforts by donating funds for medical supplies and supporting small businesses affected by the pandemic.
Continues to champion social causes and community development initiatives.

How long would it take you to become as rich as Vyacheslav Kim?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Vyacheslav Kim's net worth of $6.54B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Vyacheslav Kim is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Vyacheslav Kim, Fintech is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey