As Kazakhstan's Economy Crumbles, Oil Tycoon Throws Lavish Wedding

Who cares if your country is collapsing economically when J.Lo, Sting and Enrique Iglesias are on the guest list?

At time a time when Kazakhstan is undergoing an economic and financial crisis, the son country’s biggest oil and media tycoon Mikhail Gutseriev married a student in a lavish ceremony at luxury Moscow restaurant and banqueting venue Safisa.

Gutseriev is apparently worth $6.2 billion and educated his son, Said Gutseriev, at Harrow and Oxford before throwing him this extravagant wedding party.

With the total wedding bill allegedly reaching $1 billion, the wedding was, needless to say, a one-of-a-kind event.


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The 20-year-old bride, Khadija Uzhakhovs, who was dressed in a heavily worked Elie Saab gown (imported all the way from Paris), was assisted by many people who carried her train as she ascended the stairs. She even carried a jewel-studded handbag to go with the outfit, along with a diamond tiara and huge diamond pendant, which completed the dress.



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As hundreds of guests arrived at the ceremony in Rolls Royces, Jennifer Lopez performed some of her hit singles, undergoing outfit changes during the process. Enrique Iglesias also performed at the event, but was seen wearing an ordinary jeans and T-shirt. Sting seemed to have worn what could be called a casual suit.




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European cuisine and sushi made up the menu for the night and later guests got to feast on an eight-tier cake.



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The event ended with spectacular fireworks marking the couple’s union, and thousands of photographs soon surfaced on social media.

Kazakhstan’s has strong economic relations with Russia, and the country highly depends on its oil exports. However, in 2015 alone the government had to redo the budget, dropping the value of oil per barrel first to $80 and then to $50. In the same year, they alerted the public that around 20,000 workers could be left unemployed due to the economic crisis.

Read: Australian Deputy Mayor Blasted For His Absurdly Lavish Wedding

Kazakhstan is now listed amongst the top 10 worst performing economies. The country has seen severe floods that have destroyed over 3,000 homes in the north. Yet all these factors seem to have had no affect on the billionaire who, oblivious to other people’s plight, threw the lavish wedding reception. 

Thumbnail/Banner Credits: REUTERS/Ahmed Jadallah

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