Vladimir Kim

Vladimir Kim

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Vladimir Sergeyevich Kim (born 29 October 1960) is a Kazakhstan businessman and billionaire.

Vladimir Kim is a descendant of Koreans forced by Joseph Stalin to move to Kazakhstan. He was born in 1960. He graduated from Alma-Ata Architectural Institute in 1982, and he holds a PhD and an MBA.

He serves as Chairman of the Board of Kazakhmys, a mining company quoted on the London Stock Exchange. According to regulatory statements dated 12 November 2013, he is holding a little bit more of one third (33.42%) of the shares of the company. He has served in President Nursultan Nazarbayev‘s political council.

In the Sunday Times Rich List 2007 ranking of the wealthiest people in the United Kingdom, Vladimir Kim was placed 19th with an estimated fortune of £2.261 billion. According to Forbes Magazine, as of March 2011, he is the richest person in Kazakhstan, and the 1018rd richest in the world, with an estimated wealth of US$1.8 billion in January 2015. He is married, and has three children. He resides in Almaty, Kazakhstan.

According to Forbes, The worldwide glut in copper has hit hard Kazakhmys and its former chairman and largest individual shareholder, Vladimir Kim. Shares of the copper miner are down 67% over the past year. A one-time boost from the sale of its 26% stake in ENRC for $900 million when it was taken private in November 2013 by Kazakh billionaires Patokh Chodiev, Alijan Ibragimov and Alexander Machkevich and the Kazakh government was not enough to shore up the company’s balance sheet. The miner had to sell its power assets for $1.3 billion in December 2013; further further moves are expected. Kim joined Kazakhmys during Khazakstan’s early 1990s privatization wave and stepped down as chairman in 2013. Kim is a descendent of Koreans forced by Stalin to move to Kazakhstan.

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