Yelena Baturina Net Worth, Career & Personal Life

Yelena Baturina Net Worth $1.2 Billion

London-based Russian businesswoman Yelena Baturina is one of the most talked-about billionaire personalities in the media right now.

She rose to prominence following her marriage to the former mayor of Moscow Yury Luzhkov. Apart from being known for her relationship with the former Moscow mayor who passed away in 2019, Yelena is known for her many business endeavors.

She is the founder of the successful investment and construction company Inteco, which opened operations in 1991.

Forbes magazine listed her as the richest woman in Russia until 2020 when Tatyana Bakalchuk overtook her spot by a slim margin.

The rest of this article will explore the life and success story of Yelena Baturina, known to be one of the most powerful women walking on the surface of the earth today.

Early Life: Childhood, Education

She was born Yelena Nikolayevna Baturina on 8 March 1963 in Moscow, Russia. After graduating from high school, the Moscow native attended Moscow-based S. Ordzhonikidze State University of Management from which she graduated with a degree in 1986.

Professional Life: Businesses

After graduating from high school, Baturina began working as a design technician at the Frezer plant in Russia where her parents worked.

Her position subsequently changed to technician-designer, and later on, she earned a promotion to the post of senior design engineer of the Chief Technologist Department.

From 1982 to 1989, she was attached to the Institute of Integrated Economic Development of Moscow as a researcher and to the Mosgorispolkom Commission on cooperative activity as a senior specialist, as well as to the Russian Union of United Cooperatives as the head of the Secretariat.

Baturina engaged in several private business activities starting in 1989. She is the founder of the successful investment and construction company Inteco, which opened operations in 1991.

From 1991, she served as the director of Inteco until 1994 when she became the company’s president, maintaining the position until 2011.

Personal Life: Relationships, Children, Private Affairs

It was in the year 1987 that Yelena Baturina met her future husband, Yury Luzhkov, when they were both working at Mosgorispolkom, a Soviet-era municipal commission.

They maintained a strictly professional relationship during the period of their co-working. Baturina and Luzhkov eventually married in 1991.

The next year, Luzhkov became the mayor of Moscow. In 2010, he has stripped of that position by President Dmitry Medvedev amidst unproven accusations of corruption and mismanagement.

The former mayor himself had at one time been expected to run for president, though he never did.

After her husband’s dismissal, Yelena moved to London in England, citing that her two daughters wanted to study in the city.

Yury Luzhkov passed away in 2019.

Yelena Baturina Net Worth: Salary, Income Sources, Assets

A Russian oligarch, Yelena Baturina is one of the world’s most affluent women. She was formerly the only Russian woman who had over a billion dollars to her name.

Her position as the richest woman in Russia was taken by Tatyana Bakalchuk two years ago. Although she gained popularity following her relationship with Yury Luzhkov who served as the mayor of Moscow from 1992 until 2010, Yelena mainly made her money from her numerous business activities.

She founded an investment and construction company in 1991 and headed it as director and president for many years, earning a stable income from those positions. Her company, Inteco, is also concerned with the plastic trade.

Yelena Baturina’s net worth is currently pegged at $1.2 billion. Her involvement with Inteco which grew out to become a successful company has made her the 993rd richest person in the world as of this writing.

The company was awarded the contract for the construction of 85,000 seats to be added to the Luzhniki Stadium in 1995. This contract was worth several millions of dollars.

In 2005, Inteco sold its cement works and the associated company known as DSK-3 for the sum of $1.1 billion. The company, DSK-3, was a known producer of prefabricated buildings.

Apart from her ownership of Inteco, Baturina, now 59 years old, also owns a hotel in the Black Sea which is known as Sochi. It is a popular vacation resort located in Belgorod Oblast.

It will interest you to know that this same resort also includes a factory that is specialized in milk production and has been reported to be producing more than one million bottles of condensed milk per year.

Also the president of the Equestrian Federation of Russia, Yelena Baturina seems to have quite a large number of business interests and income-generating concerns attached to her. She currently resides in London with her two daughters.