Kazakhstani politician and current president of Kazakhstan Nursultan Nazarbayev has an estimated net worth of $1 billion. He is believed to have transferred around $1 billion worth of oil revenues to his private bank accounts in 2006. Born Nursultan Abishuly Nazarbayev on 6 July 1940 in Chemolgan, Kazakh SSR Soviet Union now Kazakhstan. Nazarbayev has been the President of Kazakhstan since 1989, when he was named First Secretary of the Communist Party of the Kazakh SSR. He was elected the nation’s first president following its independence from the Soviet Union in 1991.