Yelena Baturina

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Country: Russia

About Yelena Baturina
Yelena Nikolayevna Baturina (Еле́на Никола́евна Бату́рина) (born March 8, 1963) is a Russian businesswoman, Russia's richest woman and its only female dollar billionaire. She is the joint 279th richest person in the world. Her husband, Yuriy Luzhkov, has been mayor of Moscow since 1992.Early life Baturina is a Moscow native who began working at the Fraser plant (where her parents worked) after graduating from high school. She soon left for the Institute of Economical Problems of All-Around Development of the National Economy. She later got a degree, graduating from the Management Institute. Baturina met her future husband, Yuriy Luzhkov, in 1987 when they were both serving on the Mosgorispolkom, a Soviet-era municipal commission. They married in 1991. Career In 1991 Baturina founded her company, Inteco ("Inteko" in Russian), which focuses on construction though it began as a plastics business. After Luzhkov became the mayor of Moscow in 1992, Inteco grew quickly, and he was accused of corruption because her company was getting municipal contracts. Inteco was controversially awarded the contract to produce 85,000 seats for Luzhniki Stadium, Moscow's largest stadium, in 1995. At one point Inteco was said to control 20% of construction in the capital. It is now being restructured away from building projects. In 2005 Inteco sold its cement works and DSK-3, a producer of prefabricated buildings, for $1.1 billion. Baturina then bought shares in Gazprom and Sberbank. Personal wealth According to Forbes magazine, Baturina's net worth was $4,200,000,000 in 2008, up from $3.1 billion in 2007, $2.3 billion in 2006 and $1.1 billion in 2004. According to magazine Finans, her wealth fell during the credit crunch to just $1 billion in February 2009, causing her to ask the Russian government for additional financing for Inteko. Baturina has a diverse portfolio. She owns hotels in the Black Sea tourist resort of Sochi, over 72,000 hectares of agricultural land in the Belgorod region, and also a factory that produces a million cans of sweetened condensed milk each year. Brother In 2007 Viktor Baturin, Yelena's brother, with whom she founded Inteco, sued Inteco for $120 million for wrongful dismissal. Intimidation of Inteko On October 9 2005 executive director of Inteko-agro Alexander Annenkov was attacked in Belgorod by three assailants armed with axes. He survived. At the time Baturina had been having business problems in Belgorod, with her attempts to modernise farmland there being opposed by local governor Yevgeny Savchenko. On October 13 2005, Inteco lawyer Dmitry Steinberg was shot at the entrance to his house. Baturina attended his funeral.

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Russia CEOs & Businessmen Ranking

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Rank Name Total
1. Alexey Miller 12212
2. Roman Abramovich 6694
3. Yelena Baturina 1111
4. Boris Berezovsky 412
5. Sergey Brin 312

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Rank Name Total
59. Temel Kotil 1261
60. Dinesh Keskar 1259
61. Steve Jobs 1248
62. Sabri Ülker 1143
63. Yelena Baturina 1111
64. Bill Gates 1051
65. Abdullah Bin Msaaed 926
66. Leonardo Farkas 887
67. S. Ramadorai 870

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