Baturina Elena Nikolaevna is one of the richest and most influential women on the planet, a billionaire and the former owner of the empire of the capital's business environment "Inteko", who is its co-founder today, as well as the wife of the ex-mayor of the capital. Today she owns an international hotel chain business.
Childhood and youth
A bright and strong personality, a woman with an iron character, a sharp mind and a strong will, Elena Baturina is far from the heiress of wealthy parents. Her success story is based on leadership, hard work and entrepreneurial talent. She comes from an ordinary Moscow family, where her mother and father were employees of the Frazer plant. My father is a shop foreman, and my mother worked all her life at a factory machine.
VedomostiThe future businesswoman was born during the celebration of International Women's Day; her date of birth was March 8, 1963. Elena Baturina does not indicate her nationality anywhere. Her biography is closely connected with her family; she involves relatives in the business, assuring them that she trusts them limitlessly.
Elena was a sickly child, classmates recalled that as a child she had problems with her lungs, hence her hatred of smoking and her conscious love of sports - she plays tennis and horse riding, handles a rifle, and enjoys skiing.
Elena is the second child in the family; her older brother is an entrepreneur. They both graduated from the same school, and in terms of obtaining higher education, Elena did not deviate from her brother’s path - she was enrolled in the evening department of the Institute of Management named after. Along with her studies, in 1980, Elena went to work at the factory where her parents worked.
Career and business
The businesswoman's career began in her youth, as a design technician. By the time Elena decided to change jobs, in 1982, she was already working as a senior design engineer in the department of the chief technologist. When Elena became a researcher at the Institute of Economic Problems of Integrated Development of Moscow, she was able to transform her scientific activities into chairmanship of the Union of United Cooperatives, and then became a leading specialist there.
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Entrepreneur Elena Baturina
In the Austrian capital of Vienna, Elena Baturina has a real estate company, Safo GmbH, and the couple also purchased another mansion in the prestigious Döbling district. Elena Baturina retained Russian citizenship, which gives her the right to retire.
In 2016, Baturina became the owner of a number of office buildings in Brooklyn (New York). Together with her husband, they run a concern for breeding thoroughbred horses, and also participate in charity. Under the leadership of Baturina, the BE OPEN charitable foundation has been operating since 2012. This is a youth project that allows young talents to realize their ideas and talents in architecture, fine arts, literature, science and design. The fund is organized in the UK.
Personal life
Before marriage, the personal life of a billionaire woman is unknown. In 1991, Yuri Luzhkov became her husband. For the sake of Elena, he left a family in which he had two sons growing up.
Elena Baturina and Yuri Luzhkov
The couple have been married for more than 25 years and celebrated their wedding in 2016, as evidenced by numerous photos. It is noteworthy that Elena honors family values above all else and has repeatedly said that family and children are her most precious wealth. In 2010, there were rumors in the media that Elena was divorcing Luzhkov, but this information turned out to be false.
On December 10, 2-19, Yuri Luzhkov died at the age of 84 in one of the Munich clinics. According to journalists, the ex-politician went to Germany to undergo heart surgery. Elena and Yuri have two adult daughters, the first Elena was born in 1992, and a couple of years later the youngest daughter Olga was born. Both girls studied at Moscow State University, but after their father’s resignation they moved with their parents to Britain. They continued to receive their education in London, at the University College.
The younger Olga continued her studies at New York University, where she received a bachelor's degree and later a master's degree in hotel management. The girl’s first project was the opening of the Herbarium bar not far from her mother’s hotel complex, the five-star Grand Tirolia hotel in the mountains of Austria, in Kitzbühel. The place is interesting because, in addition to the standard menu and drinks, they served herbal infusions and cocktails.
Elena, the eldest daughter of Luzhkov and Baturina, lives and works in Slovakia, where she organized her own company for the production of cosmetics and perfumes, Alener. In 2018, Elena Luzhkova became a citizen of Cyprus, where her mother began construction of a residential complex.
Yuri Luzhkov and Elena Baturina / Evgeny Nachitov, Flickr
Baturina names horse riding, skiing, and collecting vintage cars as her favorite activities. Elena Baturina has her own plane, which she considers her best purchase. Owning enterprises in different parts of the world, a businesswoman manages to control them all personally. Elena Baturina owns a collection of exclusive porcelain. In 2011, the entrepreneur donated some of the exhibits to the Tsaritsino Museum-Reserve.
Unfortunately, after a financial conflict in 2007, Elena stopped communicating with her brother Victor, and relations between the relatives were severed. The brother sued his sister for illegal dismissal from the post of vice president and appropriation of a stake in Inteko owned by Baturin. And in 2011, Elena sold the company. The new owners were Mikail Shishkhanov, who bought 95% of the securities, and the Sberbank Investments company.
Elena Baturina now
In April 2018, Elena Baturina made a deal to sell the Grand Tirolia hotel complex, which became an unprofitable enterprise for her. The transaction price was € 45 million. The new owner was an Austrian entrepreneur who will involve an international hotel operator in the rebranding of the hotel.
Elena Baturina - the wife of former Moscow mayor Yuri Luzhkov, the most famous and successful manufacturer of plastic basins and chairs, her Inteko holding controlled most of the capital’s entire construction market. In addition to Inteko, Baturina also owns part of the shares of Gazprom and Sberbank
Baturina plays tennis and is a good skier. Drives a car and has a third rank in small-caliber rifle shooting. He goes horseback riding.
From her marriage to Luzhkov, Baturina has two daughters: Alena was born in 1992, Olga - in March 1994.
In 2010, Forbes magazine recognized Baturina as the third richest woman in the world with a fortune of $2.9 billion. The Russian magazine Finance estimated Baturina's fortune at the end of 2009 at $2.2 billion, and a year later, after the resignation of her husband from the post of mayor the Russian capital - no more than $1.1 billion. During the same period, in the Finance rating “The Most Influential Business Women of Russia”, Baturina moved from first place to 41st position.
Elena Nikolaevna Baturina was born on March 8, 1963. Graduated from the Moscow Institute of Management named after Sergo Ordzhonikidze (now a university). In 1982-1989, she was a research fellow at the Institute of Economic Problems of the Integrated Development of the National Economy of Moscow, the chief specialist of the Moscow City Executive Committee commission on cooperatives and individual labor activity.
"Inteko" company
In 1991, Baturina and her brother Victor registered the Inteko company (cooperative), which began producing polymer products. That same year, Baturina married Yuri Luzhkov, who became mayor of Moscow in 1992. The media wrote that Inteko received lucrative municipal orders in the early 1990s. A few years later, Inteko's business in the production of plastic products was supplemented by its own raw materials production on the basis of the Moscow Oil Refinery (MNPZ), which was under the control of the capital's government. A polypropylene production plant was built on the territory of the Moscow Refinery, and almost all of the polymer produced by the Moscow Refinery belonged to Baturina’s company. As a result, Inteko managed to occupy almost a third of the Russian plastic products market.
In the late 1990s, Inteko became one of the main general contractors for the construction of the City of Chess (City Chess) in Kalmykia, the construction of which was initiated by the President of the Republic, Kirsan Ilyumzhinov. Subsequently, the company was one of the defendants in an investigation regarding the misuse of budget funds during the construction of City Chess. In the fall of 1999, Baturina ran for State Duma deputy from Kalmykia, but lost the election.
In 2001, the transformation of Inteko into a large investment and construction corporation. She managed to take control of about a quarter of the capital's panel housing construction market. A year later, a monolithic construction division appeared within Inteko. Since mid-2002, the company has acquired a number of cement plants, thanks to which Baturina's company has become the largest supplier of cement in the country. In 2003, Inteko announced plans to issue its own bond issue. At the same time, it became clear for the first time that Baturina owns 99 percent of the company’s shares, and 1 percent of the shares belongs to her brother. Some time later, Inteko announced the creation of its own real estate structure, Magistrat.
After the acquisition of House-Building Plant No. 3, an active passion for Inteko began. construction. And if two years ago they said that the company was building 500 thousand m2 of housing per year and it was mostly panel, municipal, then this year we are talking about 1 million m2 (of which slightly less than half is an expensive monolith). And this is a fifth of all housing under construction in the capital. The acquisition of DSK-3 coincided with the cement crisis in the Moscow construction market. Several cement factories simultaneously increased selling prices for their products by 30%. Inteko, as they say, had to acquire its own. Today among them are Oskolcement, Belgorodsky Cement, Podgorensky Cement, Pikalevsky Cement. With the acquisition of the latter (in the Leningrad region), Inteko may have in its hands 15% of the entire Russian cement market.
Another thing is interesting: in order to occupy its current position in the capital market, Inteko had to borrow 1.2 billion rubles. and open cards. It was then that everyone learned about the salary of the mayor’s wife and that the assets of her company were valued at 27 billion rubles.
In 2003, the media wrote about the conflict between Inteko-agro, a subsidiary of Inteko, and the governor of the Belgorod region, Evgeny Savchenko. Regional authorities accused the agricultural holding of buying Belgorod land using “gray” schemes and reduced prices. Later it turned out that the activities of Inteko-agro interfere with the development of the Yakovlevsky mine, which belongs to Metal-Group LLC, a company controlled by the Russian Ambassador to Ukraine Viktor Chernomyrdin and his son Vitaly. After the attack on the executive director of Inteko-Agro LLC, Alexander Annenkov, and the murder of Inteko lawyer Dmitry Steinberg, Baturina appealed to President Vladimir Putin with a request to fire Savchenko, but did not receive support at the federal level.
On February 15, 2004, as a result of partial roof collapse of a water park building"Transvaal Park" in the Moscow district of Yasenevo killed 28 visitors to the entertainment complex and injured more than 100. In March 2004, Kommersant reported that the Baturins were the largest creditors of the Terra-Oil company, which at the time of the disaster controlled the water park business. In March 2005, the Tverskoy District Court of Moscow partially satisfied Baturina’s claim for protection of honor and dignity and recognized the information published in the newspaper as untrue.
In 2005, "Inteko" sold all its cement enterprises, and after some time, House-Building Plant No. 3 (DSK-3), which it acquired in 2001. After the sale of the plant, Inteko left the panel housing construction market. In the spring of 2006, Inteko returned to the cement market by purchasing the Verkhnebakansky cement plant in the Krasnodar region from the SU-155 group.
In March 2006, the Inteko Corporation officially announced that in In February, Baturina’s brother left the company. On March 17, the shareholders of Inteko (that is, Baturina herself) at an extraordinary meeting decided to buy out the block of shares that belonged to him from Viktor Baturin.
In July 2006, Baturina was elected to the board of directors JSC JSCB "Russian Land Bank".
Conflict: Baturina vs. Forbes
On December 1, 2006, information was published that the publishing house Axel Springer Russia refused to print an article about Baturina and her business, destroying the entire circulation of the December issue of the Russian magazine Forbes. In turn, American Forbes demanded that Axel Springer release the current issue in the form in which it was printed, which was eventually done. In February 2007, Inteko filed two lawsuits - each in the amount of 106 thousand 500 rubles - against the editor-in-chief Maxim Kashulinsky and the publishing house. The company won the first lawsuit in the spring of 2007, losing the second in the fall of 2007. After this, the subject of the claim was changed, and in January 2008 she won the case against Axel Springer Russia and the authors of the article about Baturina.
Conflict: Baturina against her brother Victor
At the beginning of 2007, the conflict between Baturina and her brother Viktor escalated, who, according to some sources, decided to return a quarter of the shares of Inteko - a package that by that time was worth about a billion dollars. Baturina and her brother exchanged lawsuits. The court rejected the initial claims of Viktor Baturin; the claims of Elena Baturina, filed in response, were registered on February 15, 2007. Viktor Baturin said that he is preparing new legal claims against his sister. However, a few days later, the media reported that the parties abandoned “mutual property and other claims.”
Criticism
In the late 2000s, some Russian business figures, in particular Alexander Lebedev, argued in the media that Inteko’s receipt of lucrative orders from the Moscow government was partly due to the presence of marriage ties between Luzhkov and Baturina, which was repeatedly denied by Baturina herself.
In December 2009, the Vedomosti newspaper published data from which it followed that in the summer of 2009, during a period when other development companies faced significant difficulties associated with the economic crisis, Inteko repaid bank loans in the amount of 27 billion rubles ahead of schedule. One of the sources of debt repayment was the sale of a land plot with an area of 58 hectares in the south-west of Moscow for 13 billion rubles, that is, 220 million rubles. for 1 hectare (this price, according to Vedomosti, corresponded to the pre-crisis price and was approximately twice as high as the current price at that time). The buyer of the land was a structure close to the Bank of Moscow, and, according to the newspaper, the purchase was paid for with a loan from this bank. At the same time, the largest shareholder of the Bank of Moscow is the Moscow Government.
In 2006-2008, by order of the Inteko company owned by Baturina, despite public protests, 80% of the Warm Trading Rows were destroyed. It is planned to build a hotel on the site of the architectural monument.
In July 2009, Russian businessman Shalva Chigirinsky, through his lawyer, told the High Court in London that Baturina had been his partner in development and oil and gas projects in Moscow since 1999: according to him, he financed these projects, and Baturina “should have” guarantee" that no "bureaucratic issues" will interfere with their implementation"; thus, according to Chigirinsky, she de facto controlled half of his oil assets (in particular, Sibir Energy), contributed to the Moscow Oil Company (which ceased to exist in December 2003); the allegations were denied by Baturina.
Baturina sells Inteko
On September 6, 2011, a message appeared that Sberbank Investments LLC, a subsidiary of Sberbank, in partnership with the owner of Binbank Mikail Shishkhanov, was acquiring Inteko CJSC from the main owner of the company, Elena Baturina.
The market value of Inteko, Patriot, their structures and projects is estimated at $1.2 billion, but the financial terms of the transaction are not disclosed by the parties. The main acquirer using his own funds is Mikail Shishkhanov (95%), Sberbank Investments LLC acquires 5%.
It is known that Inteko's cement assets were not included in the deal. In the spring of 2011, Elena Baturina agreed to sell the Krasnodar cement plants to Novoroscement, a businessman Lev Kvetnoy, for approximately $200 million.
At the beginning of December 011, Mikail Shishkhanov and Sberbank's subsidiary Sberbank Investments LLC closed the deal to acquire the Inteko group from Elena Baturina.
The deal included 100% of the shares of Inteko CJSC, Patriot CJSC and all production and design structures belonging to them. The main acquirer using his own funds was Shishkhanov (95%), Sberbank Investments bought 5% of the group.
The new owners plan to hold an IPO of Inteko.
Baturina intends, together with her partners, to form a large real estate investment fund.
“The completion of the sale of Inteko now allows us to concentrate on the implementation of both current and completely new investment projects in the field of real estate and development - both in Russia and in European countries. Currently, together with major European investors, we are forming a real estate fund,” the wife of the former mayor of Moscow announced her plans.
By the spring of 2012, assets worth approximately £500 million will be accumulated under the fund's management.
Joke: The strongest marriage in the world is Baturina-Luzhkov: nothing in the world brings people closer together than the love of a common billion dollars.
In terms of wealth, only two businesswomen surpassed her - a Chinese woman and the creator of the Zara empire
Elena Baturina became the third of the 14 richest women in the world
OlgaThe wife of Moscow Mayor Yuri Luzhkov and President "" was included in the top three richest women in the world according to the American magazine Forbes. Baturina's fortune is estimated at $2.9 billion.
Only 14 women in the world have a personal fortune of more than $1 billion, according to the American magazine Forbes. This is only 2% of all billionaires in the world (1011 people) who earned their wealth themselves and did not inherit it. 7 of these 14 richest women are Chinese, who managed to get rich amid the enormous growth of the Chinese economy.
The richest businesswoman turned out to be a resident of China, Wu Yahun, who earned her $3.9 billion mainly in the real estate business. In second place among female billionaires is the co-founder of the Zara empire, Rosalia Mera, whose fortune is estimated at $3.5 billion. In third place is Elena Baturina, whose fortune Forbes estimates at $2.9 billion.
The richest woman on the planet
Wu Yahong made her $3.9 billion in real estate and is the chief executive of real estate company Longfor Properties. Last year, her company held an IPO on the Hong Kong stock exchange. Yahong began her career at one of the Chinese factories as an engineer. Here she worked for four years. Then she devoted another five years of her life to working for the Chinese news agency Shirong. Soon after, she began exploring the real estate market in her hometown of Chongqing. Today, her company has representative offices in 10 cities.
Second in the world
Rosalia Mera's husband Amancio Ortega helped her get rich. Now Forbes estimates Mera's fortune at $3.5 billion, and she started by helping her husband create women's dressing gowns and underwear in her own home. Now they own one of the world's most successful clothing manufacturers, Inditex, and the Zara chain of stores. The couple divorced several years ago, but Rosalia Mera retained a 7% stake in the company, and the IPO raised $600 million in cash, which she invested in a Spanish film production company, a fishing group, and companies trying to find a way to cure cancer. She also created the Paideia Foundation, which helps children with physical and mental disabilities.
Third in the world
Baturina is second only to two women in the world in terms of financial status, which the magazine estimates at $2.9 billion. But Luzhkov’s wife surpassed such famous business women in the list as, for example, the owner of the Gap clothing store chain Doris Fisher and the famous TV presenter Oprah Winfrey. The fortune of each of them is estimated at $2.4 billion. Luzhkov’s wife is richer than the owner of the Benetton brand, Julian Benetton, with 2.1 billion. Baturina has also outstripped the rich writer JK Rowling, who earned one billion dollars from a series of novels about Harry Potter and its film adaptation.
Meanwhile, Baturina began her career as a worker at a factory. Then she entered the Moscow Institute of Management. In 1991, she created the Inteko company, which began with the creation of plastic tableware and furniture. Since then, Inteko's activities have expanded significantly - it is engaged in both the production of building materials and construction itself. True, during the crisis year of 2008, Inteko had to freeze several expensive real estate projects in Moscow. But Baturina created a subsidiary company, Patriot, which began to focus on the construction of affordable housing. In November 2009, she helped restore the giant monument “Worker and Collective Farm Woman,” which cost the Moscow budget $100 million, the magazine writes.
Baturina earns more than her husband thanks to her husband
Last year, Baturina earned not only more than her husband, the mayor of Moscow, but also more than any other Russian official. As I wrote earlier, according to published income, Elena Baturina earned almost 31 billion rubles, which is 4.5 times more than a year earlier (7 billion rubles). Yuri Luzhkov reported his income in 2009 in the amount of about 8 million rubles.
Of the 31 billion rubles, Baturina earned 28 billion rubles from the purchase and sale of securities, in particular, shares of Gazprom and Sberbank, as well as from the sale of a stake in the Ramenskoye trading house in the north-west of Moscow (58 hectares). The remaining 3 billion rubles are wages and other bonuses from Inteko. The company itself explained that about 27 billion rubles were spent on paying off loans to Gazprombank and other Inteko creditors. The remaining 4 billion rubles are for personal income tax payments.
Baturina has six cars, of which three are Mercedes and two are Porsche. Luzhkov does not own any cars at all. And an apartment of 445 sq.m. is registered in Baturina’s name. and a residential building in Austria with a slightly smaller area - 321 sq.m. However, of the new acquisitions during the year, there were only two houses abroad, which were not owned, but rented. One house in the UK with an area of 1203 sq.m., the other in Spain with an area of 1628 sq.m.
Elena Baturina is one of the richest, most influential women on the planet. She is a billionaire, previously owned the Inteko empire, and today is a co-founder. Elena Baturina is also the wife of the former mayor of Moscow, Yuri Luzhkov.
The achievements of this amazing woman can be listed for a very long time. Today her main occupation is the international hotel business. Under its “wing” are:
- GC "New Peterhof" in St. Petersburg;
- Quisisana Palace in Karlovy Vary in the Czech Republic;
- Morrison Hotel in the center of Ireland.
Biography of Elena Baturina
The rich wife of Yuri Luzhkov was born on March 8 under the sign of Pisces. This year Baturina celebrated her 55th birthday. She is a native Muscovite, a successful entrepreneur, philanthropist, philanthropist, a true woman, a real businesswoman, an “iron lady.” Her sharp mind, insight, and strong will brought her to the top of Forbes. Hard work, entrepreneurial talent, and leadership qualities helped achieve success.
Elena Baturina’s parents are ordinary people, ordinary employees of Fraser. Dad worked as a workshop foreman, mother as a machine operator. As a child, Elena Baturina was often and very ill: according to the recollections of her classmates, the complaints were mainly about the lungs, so she herself never smoked and does not like people who have this bad habit. Elena Baturina's main hobbies are tennis, horse riding, rifle shooting, and alpine skiing.
Yuri Luzhkov’s wife has an older brother, Viktor Baturin. He is also a famous businessman. Together they graduated from the same school, the same university. Elena Baturina did not want to lag behind her brother. In 1980, while still a student, she decided to go to work at the plant with her parents.
Career of Elena Baturina
Elena Baturina's first serious job was as a design technician. In 1982 - senior design engineer in the department of the chief technologist.
1982-1989 – Elena Baturina works at the Institute of Economic Problems of Integrated Development of Moscow as a research assistant. She transformed scientific activity into chairmanship and was appointed to the position of leading specialist. Soon she decided to open her own business.
Elena Baturina created a joint family cooperative. Her brother Victor became her faithful partner. Together they were involved in introducing modern technologies, creating and installing software, and buying high-quality computer equipment.
In 1991, the Inteko company was created. In the first years, polymer products were made here. In the same year, Elena Baturina became a married woman: Yuri Luzhkov became her chosen one, who a year later received the post of mayor of Moscow.
Most likely, thanks to the fact that she got married favorably and useful contacts appeared, Inteko began to receive orders at the municipal level and began to expand. The Moscow Oil Refinery came into his possession from the prefecture. A large enterprise for the production of polypropylene was built on its territory.
1994 - an enterprise that produced plastic was merged with Inteko. Five years later, the plant found itself at the center of a scandal: it was accused of embezzlement of budget funds. But the problems were soon resolved, and a year later the plant became an investment and construction corporation. They began to buy cement factories and invest in Gazprom, Sberbank and other large companies.
2005 - Inteko began to disintegrate. First of all, he exited the concrete panel construction market.
2006 - Victor Baturin abandoned this company, and soon Elena Baturina herself, but became a co-founder.
2006-2011 - Inteko built modern complexes Dominion, Arco di Sole, Champion Park, ASTRA, New Peterhof, University building named after. M. V. Lomonosov.
2008 - Inteko entered the TOP-300 strategic enterprises in Russia.
In 2011, it became known that Inteko was being sold to investors.
Elena Baturina decided to move to London and began developing the hotel business. After some time, she moved to Austria with Yuri Luzhkov and her children, and bought a house in Aurich worth 20 million euros. In Vienna, a woman owns the real estate company Safo GmbH. In Vienna, the family has a mansion in Dörling. Two years ago, Elena Baturina took ownership of office buildings in Brooklyn.
Personal life of Elena Baturina
Nothing is known about Elena Baturina’s personal life before she became the wife of Yuri Luzhkov. She and Yuri Luzhkov got married in 1991. Before her, Yuri Luzhkov had a family. The ex-mayor has two sons from his first marriage.
Yuri Luzhkov and Elena Baturina have been married for 25 years. Two years ago they got married. The couple has two daughters: Elena, born in 1992. and Olga born in 1994 The girls were educated in London.
Daughter Elena lives in Slovakia and owns a cosmetics and perfume company, Alener.
Elena Baturina has not communicated with her brother since 2007. He even sued her over illegal dismissal from the post of vice president and misappropriation of a stake in Inteko.
In April of this year, Elena Baturina entered into a deal worth 45 million euros for the sale of Grand Tirolia Group of Companies. This complex turned out to be unprofitable; it was bought by an Australian.
Currently, Elena Baturina makes money from an international hotel chain and development center in New York. Thus, the PE (net profit) from Morrison a year earlier amounted to 1.5 million euros. According to Forbes, in 2018, Elena Baturina’s net worth was $1.2 billion. In the TOP of the richest women in Russia, she is in first place, the richest entrepreneurs in Russia - in 79th.
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