The Ledger / Timur Turlov
Timur Turlov
◼ Origin
Timur Turlov (born November 13, 1987, Russia) began working as a junior broker at age 16 in Moscow in 2003. He founded Freedom Finance in 2008 and moved operations to Kazakhstan in 2011, building a regional brokerage that expanded across Central Asia, Russia, and Europe. In 2019 he listed Freedom Holding Corp (NASDAQ: FRHC) on Nasdaq — the first CIS-based financial institution to achieve a Nasdaq listing — with a market capitalization that has exceeded $5 billion.
◼ Self-Made Verdict — YES
Built Freedom Finance from scratch beginning as a teenage broker in Moscow with no disclosed inherited capital, growing it into a Nasdaq-listed CIS financial institution.
◼ Documented marks
01
Majority owner and CEO of Freedom Holding Corp (NASDAQ: FRHC), operating brokerages across Kazakhstan, Central Asia, Russia (nominally divested 2022), Europe, and the UAE.
02
Freedom Holding was the first CIS-based financial institution to list on Nasdaq (2019); market cap has exceeded $5 billion.
03
Nominally sold Russian operations to a Freedom employee in February 2022 for $140 million; Hindenburg Research (August 2023) alleged Turlov retained de facto control post-sale.
04
Freedom Holding and Turlov were placed on Ukraine's NSDC national security sanctions list, with Ukrainian assets frozen.
05
External review commissioned by Freedom's board (Forensic Risk Alliance, 2023) found no evidence of sanctions violations; SEC/DOJ probe findings not yet publicly disclosed.
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
Total sentence
0–0 years
That is
0.0–0.0 life sentences
(using 78 years as one life)
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
More ledger entries