He completed his education at Moscow State University from where he graduated with a degree in political economy in 1988.

It is thought that he attended Moscow State University at the same time as Timur Kulibayev,[1] who is married to the daughter of the former Kazakh President Nursultan Nazarbayev.

[8] Subkhanberdin owns luxurious real estate properties including a mansion in London and two villas that extend onto a private island on the Côte d’Azur.

[11][12] Almaty airport was a property of the Kazkommertsbank group of Nurzhan Subkhanberdin, the bank’s founder, and Mynbayev, and then progressively fell into the hands of the Kulibayev family.

Ertısbaev, speaking in favor of legislation that would limit the abilities of "various elite groups" to influence politics through lobbying, told Interfax that "in the transition period, in the post-Soviet area, any attempt from the oligarchs to influence... the president, the Parliament and the government can result in serious political cataclysms."