Yelena Baturina The Russia's Richest Woman

Yelena Baturina The Russia's Richest Woman © http://www.shanagrant.com

Yelena Nikolayevna Baturina (born March 8, 1963) is a Russian businesswoman, Russia's richest woman and the only Russian woman worth more than a billion dollars. She is the joint 279th richest person in the world. Her husband, Yuriy Luzhkov, has been mayor of Moscow since 1992.

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.

According to Forbes magazine, Baturina's net worth was $4,200,000,000 in 2008[6], 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.

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[tamekapatricio]

LIKED IT! so much, Thanks for the share :P

[gosciu555]

What a crazy butch bitch.

[villadkitcat]

She is the ugliest woman in Russia.Trust me.

[iamincorrigible]

She's the best! Russians are proud of her!!! We love her sooo much!