Yelena Baturina

In the 2019 ranking of The World's Billionaires, Baturina with $1,2 billion remains for the 14th consecutive year the richest woman of Russia.

She is involved in a libel case against a former financial director for her brother. After failing to appear before a court in December 2019, the court declared Baturina a "fugitive".

In 2018 Baturina's enterprise has launched the first ESCO (Energy Services Company) project in Cyprus. The project consists in energy-consumption optimization at a client enterprise or a production. All the necessary technological decisions have been designed by Baturina's company in partnership with Cyprus company Energy & Beyond, the affiliated enterprise of GDL Green Energy Group. The first project realised will be the optimization of energy consumption at one of the largest manufacturers of meat in Cyprus, Paradisiotis Ltd. In 2019 the number of investments into the alternative energy sector and into the energy-efficiency increase will reach €40 million.

In the 2018 ranking of The World's Billionaires, published by Forbes on 6 March, Baturina with $1,2 billion was for the 13th consecutive year the richest woman of Russia, and the only Russian female billionaire.

In 2018, in partnership with  SBID (Society of British and International Design) BE OPEN held a national student competition named 'Designed for Business'  It was the first collaboration across the UK universities, and its aim was to specifically connect the students with their potential employers. Hundreds of students from 93 universities submitted their works to one of five categories: Product Design; Art & Design; Fashion; Interior Design and Interior Decoration.

The student awards ceremony was held on 29 November 2018 in the Members' Dining Room at the House of Commons, London. The overall winner got the life-changing £30,000 provided by Elena Baturina, the category winners received £1,000 each.

Baturina enjoys horseriding, and has invested significant money into equestrian sport in Russia. She owns the "Veedern" horse breeding estate founded in the 18th century. After a major reconstruction the estate is now successfully breeding Hanoverian and Trakehner horses. Baturina has said: "You should put a man on a horse to see how he will behave in a team: will he become a leader or not, will he be a dictator or is he ready to compromise. Generally it is easier for men to handle horses. They have a strong hand and they can easily stop the animal. For example, Luzhkov can handle any horse".

Baturina is one of many "Russian oligarchs" named in the Countering America's Adversaries Through Sanctions Act, CAATSA, signed into law by President Donald Trump in 2017. The report was "not a sanctions list," the US administration pointed out though. The US Treasury report just listed every senior member of the political administration at the Kremlin, and every wealthy Russian with a net worth of $1 billion or more. So it did not impose any effect on Baturina.

In April 2017 Hightex announced the launch of two new international projects in Qatar and the US. Hightex will be responsible for the membrane construction of the roof and façade of the Al Bayt Stadium in Qatar. A total of 200,000 square meters of the stadium's roof and façade will be covered in a lightweight membrane structure. In the US, Hightex has been commissioned to install the membrane elements for the "Canopy of Peace" a 50-meter-high (160 ft) landmark in New Orleans.

BE OPEN is currently working in close partnership with the Mayor's Fund for London, the Mayor's Office and GLA on a London youth employment programme titled "Creativity Works" and being a Lead Partner in the London Curriculum for Primary Schools programme. Elena Baturina served as a trustee for the Mayor's Fund for London from 2017 to 2019.

In 2017 a City Pitch project was launched by Mayor's Fund for London in partnership with BE OPEN – the programme gives young Londoners an opportunity to plan and launch a social action project, whilst helping them to develop their leadership, project management and communication skills.

In November 2016 Baturina's structures launched a construction and development project in Europe. Her company acquired a land plot on the coastline in a primary area of Limassol, Cyprus, intended for constructing high-end residential properties. The overall investment into the project will amount to EUR 40 million, and the completion of the construction is planned for 2021.

In late 2015, Baturina launched a development business in New York with an initial investment of US$10 million. The first set of commercial buildings she acquired is located in central Brooklyn, the third largest business centre of the city after Lower and Midtown Manhattan. The company is considering transferring the land they are located on to a category suitable for residential construction, so that a large-scale development project can be realised.

In Autumn 2015, Baturina's structures became a strategic investor of Hightex GmbH, a global membrane construction company based in Rimsting, Germany, having acquired 75% of the company. Her involvement gave the project the necessary impetus to restructure its operations and future development. 25% of the company belongs to its founder Klaus-Michael Koch, one of the pioneers of membrane construction.

In 2015 due to her public activity Baturina was selected an international ambassador for the WE-Women social initiative set up during the World EXPO in Milan. As an ambassador Baturina spoke of the need of state and public support for women balancing family and professional responsibilities.

Since 2014 Baturina's Investment Group has been developing a project to generate, use and market renewable energy in Europe. The venture is responsible for the construction and commercial operation of solar parks in the south and south-east of Europe. The total investment into the project by Baturina's structures could reach €20 million in the coming year. Currently the company owns solar parks in the south of Italy and in Greece. The next acquisitions under consideration are in Greece and Cyprus. The company is developing a subproject that consists in applying the technology that allows saving the energy obtained from renewable sources, which constitutes a whole new system of wise energy consumption. Another trend within the energy project is constructing and servicing individual solar parks located mostly on the roofs of enterprises – the consumers of energy.

Afterwards a few British journalists pointed out that if you discount the number of women who made the list due to "family wealth" (which they may have contributed towards to a greater or lesser degree), inheritance or divorce — the first self-made female richlister is Baturina. "Money is like cement in construction. Money is not a goal but a means to reach the goal, the opportunity to do the things you want to do. The more money I have, the more large scale tasks I can solve. But I think you will agree that not everyone who owns a lot of money ever sets himself any tasks".

Reopened on 1 February 2013, under the DoubleTree by Hilton franchise. The hotel is in the top 10% of Hilton properties annually, according to Hilton Quality Assessments. The hotel employs 118 people.

2013 - 98th place, and $1.1 billion, still the richest business woman in the country. In 2013 the Sunday Times included Baturina into the annual Sunday Times Rich List, the list of the wealthiest people in Britain. The Russian entrepreneur took the 122nd 12th in the women list.

Acquired in March 2012 for €20 million, fully refurbished in 2013 for €7 million. 7 more rooms added in 2015 with an additional investment of €1.25 million. Currently, the hotel has 145 rooms, 5 conference rooms, a gym, two restaurants and a bar.

Quisisana Palace is a restored 19th-century building turned boutique hotel with 19 guest rooms and suites, a restaurant and a wellness centre. It opened in September 2012. Quisisana was awarded Hotel of the Year 2014 by Czech Hotels Awards, and is a member of the Small Luxury Hotels of the World Association. The hotel employs 22 people.

In the recent years, Baturina has been realizing most of her philanthropic initiatives through the BE OPEN Foundation she set up in 2012. It is a cultural and social initiative which aims to become a bridge between the great minds of our time – philosophers, sociologists, designers, architects, artists, publishers, writers, businessmen and opinion leaders – and the promising new minds of the next generation through a system of conferences, competitions, exhibitions, master classes and art events.

In 2011 the retired Yury Luzhkov took up the management of the estate. He conducted reconstruction of the historical buildings, launched a few innovative cattle-breeding and agricultural projects. Today the estate breeds, trains, rents and sells Hanoverian and Trakehner horses.

She claims to own one of the largest private collections of Russian Imperial porcelain, preferring the porcelain of the era of Nicholay I. In April 2011, Yelena Baturina donated about 40 pieces of art – a part of her collection of rare porcelain – to the "Tsaritsyno" museum in Moscow.

In November 2010 Luzhkov gave an interview to the Telegraph newspaper stating that the couple was sending their daughters to study in London to protect them from possible persecution from the Russian authorities. He also said that a house had been bought in the west of the city for them and that he and his wife intend to visit them regularly. Luzhkov also claimed that the Russian authorities were planning to break up Baturina's business empire and that the couple would fight the attempt: "We will not give up. My wife will battle for her business and for her honour and self-worth. That is for sure".

In 2010 Inteco launched the construction of the second academic building for the Moscow State University named after Lomonosov.

In 2010, Baturina was named one of the largest taxpayers in Russia, the taxes to the state budget for 2009 amounted to 4 billion rubles. As of 2009, 99% of the company is owned by Baturina, 1% is on the balance sheet of the Company itself. The project development portfolio is more than 7,000,000 square meters, the cement capacities exceed 0.6 million tons per year.

At the end of 2010 Baturina sold its Russian Zemelny Bank (RZB) to foreign investors.

In 2010, Baturina opened the New Peterhof Hotel in Saint Petersburg, which received a number of architectural awards. In 2012, following major reconstruction work, Baturina opened the Quisisana Palace in Karlovy Vary, Czech Republic. Housed in a late 19th century building, the hotel combines elements of Neo-Renaissance and Neo-Gothic styles. The restoration of the historic building required significant investment. The hotel is a member of the Small Luxury Hotels of the World association. In 2013 Baturina opened the Morrison Hotel in Dublin, Ireland. She bought it from NAMA in early 2012 for €22 million. The 138-room hotel on Dublin's Lower Ormond Quay has undergone a €7 million refurbishment.

New Peterhof Hotel opened in June 2010 and has 150 rooms, 2 restaurants, 7 meeting rooms, and a spa. The hotel welcomes more than 15 thousand guests annually and employs 98 people.

In 2010, Baturina became one of the first business leaders to provide support to the victims of fires in the Tula region. Among other projects, Inteco also fully sponsored a construction of a nursery school. In addition, Baturina addressed the leaders of other construction companies in Russia and urged them to follow the example.

In September 2009 The Sunday Times erroneously stated that Witanhurst, a large house in Highgate, North London, had been bought by Baturina, via an offshore front company. Baturina sued the papers owners, Times Newspapers, a subsidiary of News International. Times Newspapers apologized for the story and paid damages to her in October 2011.

Part of the proceeds from the sale of these assets were directed by Baturina to buying some high-yield "blue chips" of the largest Russian companies such as Gazprom and Sberbank. This step allowed the visionary businesswoman to later sell the shares in the crisis year of 2009 at a significant profit and return Inteco's earlier business development bank loans ahead of schedule, which allowed to keep the businesses afloat. The interest rate on loans at that time sprang up from 10.8 to 18 percent, which led to the ruin of a significant number of Russian developers.

In 2009, the company begins cooperating with an outstanding Spanish architect Ricardo Bofill as part of the programme aimed at creating fundamentally new systems for mass housing in Russia.

The first development in the new hotel chain was the five-star Grand Tirolia Golf & Ski Resort, located in the heart of the Eichenheim golf club in Kitzbühel, Austria. Construction, which was completed in 2009, cost in the region of €35-40 million. The hotel is located in the center of the golf club Eichenheim, together they make Grand Tirolia Golf & Ski Resort. In 2009 the hotel achieved honorary status as the "Home of Laureus" in Austria, and became the official venue for the annual ceremony of the prestigious international award that those in the field call the "Oscar" of sports journalism. In 2018 the hotel was sold to the Austrian investor, presumably for €45 million.

The first development in the hotel chain, located in the heart of the Eichenheim golf club in Kitzbühel, Austria. Its construction was completed in 2009. The hotel has 82 rooms of 9 categories, a spa with an outdoor pool, meeting rooms and conferences halls. In 2015, Grand Tirolia was named the best golf hotel in Austria, Golf Club Eichenheim - the best golf course in Austria. World Golf Awards was awarded to it in 2014 and 2015. In 2018 the hotel was sold to the Austrian investor.

At the end of 2008, alongside with Gazprom and Russian Railways, Inteco was included into the list of 295 strategic enterprises of the country.

According to Forbes, Baturina's net worth was US$4.2 billion in 2008, up from US$3.1 billion in 2007, US$2.3 billion in 2006 and US$1.1 billion in 2004. According to magazine Finans, her wealth fell during the credit crunch to just US$1 billion in February 2009, causing her to ask the Russian government for a bailout for Inteko. Her wealth, as of 2012, was listed as US$1.1 billion.

The first "Russian Season" organized by Baturina took place in Kitzbühel, Austria in 2008 - that was a celebration of Russian Orthodox Christmas with classical Russian musicians and Russian folklore ensembles. The following "Russian Seasons" were held not only in Austria but in several other European countries.

As of 2007, the company owned such entities as Inteko Plast (55%), Bistro Plast (50%), construction firms SK DSK-3 (100%), Styre (100%), Inteco CENTER (100%), Inteco Chess (Elista, 100%), Intekostroy (70%). The company also owned enterprises in the city of Sochi - Park (100%), The Matrix (100%), Sochi AO (75.58%), Horizont (50%), Selectioner (Belgorod region., 100%) and Uspensky Agromashplast (Moscow reg., Uspensky, 38%). Inteco Group also included Russian Zemelny Bank and trading house Moscow River involved in the supply of grain.

In 2007, the company's revenue, according to its own data, amounted to $1 billion.

In 2007 Viktor Baturin, Baturina's brother, with whom she founded Inteco, sued Inteco for US$120 million for wrongful dismissal.

Baturina has an older brother, Viktor Baturin, who is also a businessman. In 2007 Viktor Baturin tried to sue his sister's company Inteco for US$120 million for wrongful dismissal, but lost the case. Baturina has had no contacts with her brother since a public conflict on business issues that occurred in 2007 and resulted in mutual lawsuits, that later were settled.

In 2006, Baturina was appointed Deputy Head for the inter-ministerial group under the national project "Affordable and Comfortable Housing for Russian citizens." Baturina was the only representative of the construction industry in the group. In connection to the project Inteco formed a special commission that was inspecting various regions in Russia in order to evaluate the state of the local construction enterprises, to determine the demand for construction materials and to collect demographic and sociological data. As a result, the commission developed the concept of the federal target program "Development of the construction industry". Later on, the Government of the Russian Federation based its "Strategy of development of building materials industry up to 2020" on that program.

In 2005 Inteco sold its cement works for estimated US$800 000 to Eurocement Group in order to consolidate financial and administrative recourses that the company needed for the implementation of perspective construction programs.

Baturina won the State Prize of the Russian Federation for Science and Technology in 2003. Inteco and its projects have won numerous awards and competitions, including: the "Russian Building Olympus" prize for "Architecture and Design Planning" (2008); "Brand of the Year/EFFIE 2007"; national prize for "Construction and Real Estate" (2008); International Star of Leadership award for quality at the 13th Business Initiative Directions (BID) international convention (Paris, 2009), "Company of the Year" national prize for business for "The Best Investment and Construction Company in Russia in 2009" (2009); International Award for Technology & Quality (Madrid, 2010); International Construction Award (France, 2011).

In 2001 Inteco acquired from a private person the controlling stake in one of the leading house-building factories in Moscow DSK-3. Following modernization the construction plant provided 500,000 square meters of housing per year. This acquisition, according to Baturina's interviews, became the starting point for the company's major construction activity. "DSK-3 is my first real step into construction. I had been viewing the market for a long time. I saw how quickly and dynamically it was developing, how many opportunities it was offering. Still the deal took place sort of accidentally. The lawyers of the former main owner’s widow came to me and said that some unfriendly entities were questioning her property rights and trying to simply rob her of her stake. And the frightened woman had decided to sell all the shares to Inteco on the condition that we defend her rights in court. We have successfully managed that and just like that, almost by accident, became the owners of the plant."

At one point Inteco was said to control 20% of construction in the capital. However, according to experts, quoted by media, from 2000 to 2010 of construction activities Inteco's share in the state order was no more than 2%. While the main contractors for the implementation of the Moscow government orders were construction companies MFS-6 (24.5%) Glavmosstroy (20.7%), SU-155 (13.7%) and MSM-5 (12.2%). In 2002 Inteco created a subsidiary "Strategy Construction Company", whose main objective was the construction of monolithic buildings. Such cement plants as "Podgorensky cementnik" and "Oskolcement", one of the largest cement producers in the central Russia, were also bought at that time.

In 1999 Baturina became chairman of the Equestrian Federation of Russia, and in 2000 acquired the "Veedern" estate in the Suvorovka village of the Kaliningrad Region. Here she planned to revive two-centuries old traditions of horse breeding of the Trakehner horses.

From 1999 to 2005, Baturina served as President of the Equestrian Federation of Russia. During this period, the Federation began arranging international competitions for young sportsmen, formed teams of riders of respective age categories that were qualified for participation in the European championships. In Moscow the Federation held multiple competitions, including the Moscow Mayor Cup, one of the stages of the World Cup.

She founded (1991) and for two decades served as president of Inteco, an investment and construction company. Her assets are now invested in Baturina's Investment Group. The Group's commercial activities cover a hotel chain (in Ireland, the Czech Republic and Russia), a membrane construction and engineering enterprise (Germany), a renewable energy project (Greece, Cyprus and Italy), a development project (Cyprus) and investments in a number of real estate investment funds focused on residential and commercial construction and development in Europe and the US.

In 1991 Baturina married Yury Luzhkov. In 1992 their first daughter, Elena, was born, followed in 1994 by Olga. In November 2010 Luzhkov gave an interview to the Telegraph newspaper stating that the couple were sending their daughters to study in London to protect them from possible persecution by the Russian authorities. It is understood that the family owns a home in the affluent Kensington area of London, purchased in 2013 through an offshore company domiciled in Gibraltar. The property, near Holland Park, was reported in 2018 to be worth at least £25 million. In her interviews Baturina often says that she and Luzhkov are very lucky, as they still love each other. She enjoys cooking his favourite dish, borscht, and claims that a traditional "Soviet upbringing" made a good housewife of her.

In the middle of 1990s Inteco entered the construction business focusing on development of advanced materials and technologies for facade work, cement, brick and poured concrete construction, architectural design and real estate business.

In 1989 Baturina launched her first enterprise with her elder brother Victor, primarily dealing with computer software and hardware. In 1991 Baturina founded her company, Inteco ("Inteko" (Интеко) in Russian), which focused on construction though it began as a plastics business. In 1994 Inteco purchased a plastic factory. In 1998 the company won the contract for producing 85,000 seats for Luzhniki Stadium, Moscow's largest stadium. The critics claimed that the decision was affected by Luzhkov as Mayor of Moscow, though Inteco stated that their price was 50% less than their nearest competitor's.

Baturina met her future husband, Yury Luzhkov, in 1987 when they were both serving at Mosgorispolkom, a Soviet-era municipal commission. At the period of their co-working the relationships were purely professional. In one of her interviews Baturina remembers: "We never even thought about anything like that when we were working together, it all happened much later". Baturina and Luzhkov married in 1991. The next year he became mayor of Moscow. In 2010 he was dismissed by President Dmitry Medvedev amidst still unproven accusations of corruption and mismanagement voiced on state run television. Yury himself had at one time been tipped to run for president, though he never did.

Baturina is a Moscow native who began working as a design-technician at the Frezer plant [ru] (where her parents worked) after graduating from high school. She later got a degree, graduating from the Moscow-based S. Ordzhonikidze State University of Management in 1986.

Yelena Nikolayevna Baturina (Russian: Еле́на Никола́евна Бату́рина ; born 8 March 1963) is a Russian billionaire businesswoman and philanthropist, based in London, and was married to Yury Luzhkov, mayor of Moscow (from 1992 to 2010), until his death in 2019.