Yelena Baturina: Russia’s Former First Lady of Wealth’s Rise and Global Sanction
Born on March 8, 1963, Yelena Baturina (Russian: Ѕленa Николаевна Батурина) is a Russian-origin billionaire businesswoman and philanthropist who operates internationally. Her home is in London. Before his passing in 2019, she was wed to Yury Luzhkov, the mayor of Moscow from 1992 to 2010.
She established the construction and investment firm Inteco in 1991. She was the richest woman in Russia, according to Forbes, with a $1.2 billion fortune, until Tatyana Bakalchuk surpassed her in February 2020 with a $1.4 billion fortune.
About Yelena Baturina
- Yelena Baturina, the second wealthiest woman in Russia, was married to Yury Luzkhkov, a longtime mayor of Moscow.
- Luzhkov lost his position as mayor in 2010, and Baturina and their daughters departed the nation.
- Yelena Baturina quickly sold practically all of her possessions in Russia, including cement factories and an Inteko construction company.
- She owned land in a posh neighborhood of Moscow, which the Russian government confiscated. She sued, but her demands for $1 billion in damages were not met.
- Currently residing in London, Yelena Baturina invests in renewable energy and owns property in the United States and Europe.
List of the countries who imposed sanctions
| Countries | Date of sanction |
| European Union | March 2014 |
| United Kingdom | July 2020 |
| United States | September 2019 |
| Canada | March 2022 |
| Switzerland | September 2020 |
| Australia | September 2020 |
| Japan | September 2020 |
Grounds for Imposing Sanctions on Yelena Baturina
The most wealthy woman in Russia, Yelena Baturina, gained notoriety as the spouse of Yury Luzhkov, the former mayor of Moscow from 1992 to 2010. Baturina owned several cement factories and the construction company Inteko during Luzhkov’s mayoral term. These holdings were well-positioned to profit from city commissions. This business deal attracted attention, and concerns about possible benefits from her husband’s political position surfaced.
In the post-mayoral era, Yelena Baturina travels took her outside of Russia. She now lives in London and has diversified her holdings, owning hotels in well-known cities like Dublin and Vienna. Her real estate holdings span both the United States and Europe, demonstrating a global approach to wealth management.
By funding renewable energy projects, Yelena Baturina has shown that she is interested in sustainable practices. This denotes a shift in focus towards eco-friendly endeavors that correspond with changing worldwide priorities.
Baturina’s career path has been shaped by her shift from the political climate of Moscow to the global business scene. She is renowned for her wealth as well as her astute investments across a range of industries. Her extensive global holdings and presence in London highlight how intertwined business, politics, and wealth are on the global stage.
Summary
Yelena Nikolayevna Baturina, a Russian-origin billionaire businesswoman and philanthropist, was the second wealthiest woman in Russia, according to Forbes, with a $1.2 billion fortune. She was married to Yury Luzhkov, the former mayor of Moscow, and established the construction and investment firm Inteco in 1991. After Luzhkov’s loss in 2010, Baturina and her daughters departed the country, selling most of her possessions in Russia, including cement factories and an Inteko construction company. She also owned land in a posh neighborhood of Moscow, which the Russian government confiscated. Baturina sued for $1 billion in damages but was not met.
Currently residing in London, she invests in renewable energy and owns property in the United States and Europe. She has diversified her holdings, owning hotels in cities like Dublin and Vienna, and real estate holdings in both the United States and Europe. Baturina’s career has been shaped by her shift from the political climate of Moscow to the global business scene, showcasing the intertwined nature of business, politics, and wealth on the global stage.
