Kazakhstan has compiled a ranking of its largest female-held fortunes—placing emphasis not only on the numbers, but on the origins of capital, asset structures, and the degree of managerial influence.

The combined wealth of the participants is estimated at approximately $8.1 billion. The market shows a high level of concentration: the majority of assets are held by the top tier, while most individuals fall within the $30 million to $200 million range.

A defining feature is the origin of capital. A significant share of assets is tied to family holdings and partnership structures. At the same time, a shift is becoming increasingly visible: women are taking on more active roles in both operational and strategic business management.

Ranking Participants

1. Dinara Kulibayeva — $5.4B
Diversified Business
Controls one of Kazakhstan’s largest banks through a holding structure with a stake exceeding 60%. The bank’s shares are listed on international exchanges and demonstrate steady growth.
An additional asset block is development: Mercury Properties manages a large portfolio of commercial real estate, including business centers, shopping complexes, logistics infrastructure, and hotels in major cities.
A separate focus is education: through the NNEF foundation, she holds stakes in leading universities and educational platforms.

2. Mukadaskhan Ibragimova — $650M
Industry and Finance
Holds a significant stake in Eurasian Resources Group, one of the region’s key industrial structures. The portfolio includes metallurgy, mining, energy, and raw material processing.
She is also active in the financial sector through the Eurasian Financial Company, which brings together banking, insurance, and life insurance businesses. In 2026, part of the assets was redistributed within the family, reflecting a transition to the next generation of management.

3. Dariga Nazarbayeva — $550M
Media and Communications
Focuses on the media market, controlling radio stations and television assets, including national broadcasting projects.
Through holding structures, she is also involved in outdoor advertising and media infrastructure, generating a stable advertising flow.

4. Anzhela Sarsenova — $249M
Retail, Fuel Business, and Real Estate
One of the key assets is the Helios gas station network, with more than 270 locations nationwide.
Also develops retail chains in the beauty and lifestyle segments, including “French House” and Beautymania.
A significant portion of capital is concentrated in development: the company manages shopping and business centers in the country’s largest cities.

5. Aizhan Yessim — $207M
Industry and Investments
Capital was formed following the sale of a major chemical asset, Kazphosphate.
After exiting the industrial project, she diversified her portfolio, investing in fitness, food production, and regional enterprises.

6. Aidan Suleimenova — $175M
Development and Premium Retail
Controls several major shopping and entertainment centers, including Keruen and Talan Gallery.
Co-owner of the Viled Group, specializing in premium and luxury goods—fashion, accessories, jewelry, and perfumery.
Also holds stakes in distribution and trading companies.

7. Kanshaim Seitjanova & Zhanna Seitjanova — $84M
Industrial Holding
Hold stakes in an industrial group spanning oil production, cement manufacturing, metallurgy, and drilling services.
Additional assets include hospitality (Rixos Khadisha Shymkent) and restaurant projects.

8. Alena Suleimenova — $73M
Premium Retail and Real Estate
Co-owner of Viled with a focus on the luxury segment.
Also invests in commercial real estate, including office towers and development projects.

9. Gaukhar Kapparova — $65M
Diversified Portfolio
Participates in Lancaster Group, which combines oilfield services, extraction, and education (a network of STEM schools).
Also develops branded apparel retail and participates in oil production projects.

10. Gulnar Dossayeva — $61M
Industry and Education
Holds partner stakes in Lancaster Group structures.
Engages in joint investments in apparel retail.

11. Raushan Sagdiyeva — $57M
Investments and Real Estate
Participates in projects with major business groups, including shopping complexes and retail.
Through her own structures, controls stakes in development and investment companies.

12. Irina Kozlova & Alexandra Sokolova — $52M
Financial Infrastructure
Control one of the region’s largest pawnshop networks, with more than 550 locations.
Develop the microfinance sector and expand internationally (Kyrgyzstan, Uzbekistan).
Additional asset: the jewelry brand La voie nomade.

13. Lyubov Druzhinina — $50M
Food Industry
Manages dairy production with a wide product range (over 100 items).
Ensures nationwide distribution and exports to neighboring markets.

14. Saule Seisembayeva — $48M
Agribusiness
Shareholder in a major poultry holding.
Also invests in education, agricultural processing, and feed production.

15. Eleonora Batalova — $44M
Publishing Business
Controls one of the country’s largest publishing houses focused on educational literature.
Develops its own distribution network and retail outlets.

16. Karina Sarsenova — $42M
Media, Education, and Industry
Involved in building materials production and manages media assets (television, radio, production).
Portfolio includes a university and hospitality assets.

17. Aliya Makhanova — $39M
Finance and Retail
Controls a network of pawnshops and jewelry stores across several countries.
Focuses on the mass financial segment.

18. Natalya Akentyeva — $36M
Banking Sector
Heads one of the country’s largest banks and holds an equity stake.
The bank’s assets are measured in trillions of tenge, making it a systemic player.

19. Saule Zeynolla — $35M
Industrial Distribution
Supplies chemical reagents for the extractive and processing industries.
Operates in the B2B segment with major industrial clients.

20. Amina Kassymova — $34M
Insurance
Controls insurance and life companies among the market’s largest players.
Assets are valued in the hundreds of billions of tenge.

21. Sandugash Kemelbayeva — $34M
Development and Interior Business
Owns commercial real estate assets in Almaty.
Develops a business focused on premium interior design distribution.

22. Galina Zkriyaeva — $33M
Retail and HoReCa
Founder of a holding with assets in grocery retail, restaurants, and the beauty industry.
The supermarket chain operates across several countries in the region.

23. Amina Azhmaganbetova — $31M
Industrial Production
Co-founder of a battery manufacturing enterprise with a broad product line and export geography.

24. Gaukhar Abykayeva — $30M
Jewelry Retail
Develops a network of boutiques and collaborates with international brands, including the luxury segment.

25. Zhanna Kan — $28M
Fashion and Retail
Controls multi-brand jewelry and fashion projects.
Also develops business communities and forums for women.