Wealth

A 32-Year-Old Finance Tycoon Looms in Obscure Stock Market

  • Turlov’s stake in U.S.-listed Freedom is worth $1 billion
  • Freedom has become one of Russia’s 10 biggest brokers
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Timur Turlov’s sleepy brokerage used to rely on just two dozen day traders for most of its volume.

These days, thanks to raging demand for stocks from retail investors, his Freedom Holding Corp. is booming and the 32-year-old is a billionaire.