Kazakhstan's Millionaires Growing, But Business Succession Planning Lags

Kazakhstan had about 44,000 dollar millionaires in 2023, with projections of a 37% increase by 2028. However, a significant majority of family-involved businesses lack formal succession plans, and corporate and family finances are often intertwined. Entrepreneurs typically consider family offices for assets exceeding $10 million, with complexity of management being a key factor.

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