Steve LeVine covers foreign affairs for BusinessWeek. He previously was correspondent for Central Asia and the Caucasus for The Wall Street Journal and The New York Times for 11 years. His first book, The Oil and the Glory, a history of the former Soviet Union through the lens of oil, was published in October 2007. Putin’s Labyrinth, his new book, profiles Russia through the lives and deaths of six Russians. It was released this week.

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A Blog on Russia, Central Asia and
the Caucasus

Monday, January 21, 2008

Horelma! Horelma Peramam! Stand Up and Be Counted

The Kazakhstan billionaire Horelma Peramam has just spent 50 million pounds ($97 million) in the largest new residential property sale in U.K. history. Good ol' Horelma bought the Toprak Mansion on London's The Bishops Avenue, with its seven bedrooms and four kitchens.

Only, who is Horelma? I'm no slouch on Kazakhstan wealth, and I've never heard that name. Neither have any of a multitude of friends who have emailed asking about this fellow. A Google search pulls up 2,800 listings. All of them about this land sale.

What nationality is Peramam? It's definitely not Kazakh, or any other Turkic nationality that I've heard of. Not Slavic. Not Korean. Not German.

How about pseudonyms? Is it someone from Kazakhstan's first family?

Guesses are welcomed.

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posted by Steve at

6 Comments:

Anonymous Jamiyat said...

it is not a central asian name at all. neither the first name nor the second. it is not a name at all.
though peramam sounds like "i cant give". And -ma in horelma sounds like an accusative suffix. maybe it was meant so? might also simply be a very bad transliteration of some kazakh phrase.
We need Dan Brown here.

January 22, 2008 5:59 AM  
Anonymous adam said...

Hard to say (who Peramam is), but hardly Rakhat or Dariga, I think. Not that they don't have these money, but I doubt they would use them this way. Trio is
probable, as well as Timur Kulibayev or Vladimir Kim.

Jamiyat, your version of Uzbek ethymology may point to one of the trio...

January 22, 2008 11:35 AM  
Blogger Steve said...

It's such an outlandish name, clearly a pseudonym. It will be interesting when the real name comes out.

January 22, 2008 2:01 PM  
Blogger Tacitus said...

I've heard rumors that Chodiev is now London based. No idea if it's his style...

January 22, 2008 6:40 PM  
Anonymous Anonymous said...

I assume it should be Kulibayev, as his 'another' woman expecting a child and she needs to live somewhere. :-)I guess she can get by for a time being in the 50lmln pounds estate. Easy.

January 23, 2008 7:33 AM  
Anonymous Anonymous said...

it is simply some local london/ iranian developer acting for a central asian player or simply trying to shift the property. The use of this ridiculous name is a marketing ploy- look at the mittal home once developed by david khalili-but he did not have to pretend it was another user or buyer-so this incident smells of a big rat...clealry someone is trying to shift it in the hope of pumping hte price up in a slowing/falling market .

February 18, 2008 11:06 AM  

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