Billionaire Profile
Vyacheslav Kim
Global Rank
#464

Image: Public domain | via Wikimedia Commons

Vyacheslav Kim

CEO, Kaspi.kz
KZ
Real-Time Net Worth
$7.1B
As of December 2025
Age
56
Source
Fintech
Industry
finance-investments
Citizenship
KZ

Biography

Vyacheslav Kim, born in Almaty, Kazakhstan, is a prominent figure in the Fintech industry, co-founding Kaspi Bank, the largest fintech company in Kazakhstan. His journey from starting a retail business to leading a financial technology giant showcases his entrepreneurial acumen. Kim's net worth is estimated at $7.1 billion, stemming from his successful ventures in the finance and investment sector. His career has been marked by significant achievements, including the 2020 IPO of Kaspi.kz, which was the largest international tech public offering of the year. Kim's impact extends beyond business; he's known for philanthropic efforts, contributing to various social and educational projects.

Wealth Over Time

In-Depth Profile

Early Life and Education

Vyacheslav Kim was born on June 12, 1969, in Almaty, Kazakhstan. He graduated from the Republican Physics and Mathematics School. Kim furthered his education by earning degrees in Financial Economics and Finance from Kazakh National Pedagogical University and Russian-Kazakh Modern Humanitarian University.

Rise to Success

Kim's entrepreneurial journey began in 1993 when he opened the Planet of Electronics Store, which later evolved into Kaspi Bank. Recognizing the potential of combining retail with lending, he partnered with Baring Vostok Fund, which facilitated Kaspi's growth, and in 2007, Mikheil Lomtadze joined the management team. This strategic move transformed Kaspi.kz into Kazakhstan's biggest fintech company. Kim played a pivotal role in Kaspi's IPO in October 2020 on the London Stock Exchange, significantly increasing his wealth.

Key Business Strategies

Kim's key business strategy involved identifying opportunities in the evolving financial landscape and leveraging them. His ability to acquire and transform Kaspiyskiy Bank into Kaspi.kz, Kazakhstan's leading fintech company, demonstrates his strategic vision. Kim also focused on government collaboration and consumer-centric financial services to build an ecosystem of payment solutions and e-commerce.

Philanthropy

Vyacheslav Kim is actively involved in philanthropy, supporting various initiatives such as the Ayala Charitable Foundation, Mercy Voluntary Society, and the "Breathe, Baby" Project. His contributions have earned him several awards, including the Order of Kurmet in 2007, Order of Parasat in 2016 and the Businessman of the Year award by Forbes Kazakhstan in 2020.

Career Milestones

1993

Founded Planet of Electronics

Opened the Planet of Electronics Store, which became one of the largest retail centers in Kazakhstan.

2002

Acquired Kaspiyskiy Bank

Acquired the privatized Kaspiyskiy Bank, later transformed into Kaspi.kz.

2020

Kaspi.kz IPO

Kaspi.kz's IPO on the London Stock Exchange, the largest international tech public offering of the year.

Philanthropy & Social Impact

Healthcare

Ayala Charitable Foundation

Undisclosed

Sponsored the "Breathe, Baby" Project.

Social Support

Mercy Voluntary Society

Undisclosed

Involved with the Mercy Voluntary Society.

Education

Saby Charitable Foundation

Undisclosed

Supported the "Build Your Business" Project.

Controversies & Challenges

2023

Maltese Passport Controversy

Kim obtained a Maltese passport, which is against the law of Kazakhstan as it forbids dual citizenship.