Baturina Elena Nikolaevna

Baturina Elena Nikolaevna

Baturina Elena Nikolaevna is the wife of the former mayor of Moscow, Yuri Luzhkov. Former President of ZAO Inteko. Shareholder of Gazprom and Sberbank. Shareholder of CJSC Territorial Directorate Setunskaya.

State

2012

It ranks 86th in the ranking of the Russian-language version of Forbes "The Richest Businessmen of Russia - 2012." Elena Baturina's fortune is estimated at $1.2 billion ^[1].

2023: Net worth - $1.3 billion

At the end of August 2023, Forbes magazine published a rating of the 20 richest women in Russia in 2023. The fortune of the widow of Moscow Mayor Yuri Luzhkov - Elena Baturina - is estimated at $1.3 billion. In the ranking, she took sixth place. Read more here.

Biography

Born March 8, 1963 in Moscow, Russia.

1986 - graduated from the evening department of the State University of Management with a degree in Engineer-Economist in Management Organization.

1982-1988 - Junior Researcher at the Institute of Economic Problems of the Integrated Development of the National Economy.

1986-1988 - worked in the working group of the commission of the Moscow City Executive Committee on individual labor and cooperative activities, where she dealt with the problems of studying "cabins" and "catering."

1987-1989 - Employee of the Commission on Cooperatives of the Moscow City Executive Committee.

1989-1990 - Executive Secretary of the Russian Union of Cooperatives.

1991: Creation of "Inteko"

June 5, 1991 - Inteko LLP was registered by the decision of the executive committee of the Krasnopresnensky District Council of People's Deputies.

1991-1994 - Director of Inteko LLP.

1994-2011 - President of Inteko CJSC.

1999 - ran for deputy of the State Duma.

2006 - Deputy Head of the Interdepartmental Group for the National Project "Affordable and Comfortable Housing - Citizens Russia."

2008

Formal settlement with brother

The conflict in the Baturin family began after the dismissal in 2005 of Elena Baturina's brother, Viktor Baturin, from the Inteko investment and construction corporation, where he served as vice president. The essence of mutual claims is the division of the corporation's assets.

In 2007, the parties, by this time having exchanged claims with property and other claims, officially declared a settlement agreement and refused "from all mutual property and other claims."

In 2008, they signed an appendix to the document, but as it turned out later, they had different versions of the application. According to the document of Viktor Baturin, his sister is obliged to pay him the market value of 25% of Inteko's shares, while the specific terms of payment were not established (respectively, the debt was stored "on demand"). In the editorial office of Elena Baturina, the issue of compensation was not settled at all.

Buying London's second-largest private home

2008 - bought the largest private house after Buckingham Palace London in (Whitanhurst, a 90-room mansion in Highgate) approximately 100 million dollars^[2]

2009: Investment in a hotel in Austria and the Eichenheim Golf Club

2009 - acquired for 25 million euros a luxurious hotel complex in one of the richest places in the Austrian Alps - Kitzbühel. Also became the owner of one of the most prestigious golf clubs "Eichenheim"^[3].

2010: No. 3 among the richest women in the world

2010 - Forbes magazine was recognized as the third richest woman in the world with a fortune of $2.9 billion. ^[4].

2010 - Elena ^[5] began negotiations on the sale of Inteko CJSC^[5]

Elena Baturina: about business and her situation in Russia

2010 - it became known that Elena Baturina is consistently transferring her business to Austria. She founded a fund in Vienna, allowing her to pay taxes from business activities to the Austrian budget. She founded a management company in Tyrol.

To win the favor of the Austrians and reduce critical attacks in the local media against the Russians, Baturin and Luzhkov annually allocate millions of euros for sports events and cultural festivals in Tyrol^[6].

2012

Land seizure in the west of Moscow

2012 - The Arbitration Court agreed with the Federal Property Management Agency in the demand to seize the disputed lands from Elena Baturina's company. In 2003, Elena Baturina acquired 16.387 hectares of land in the west of the capital, which in 1993 by decree of President Yeltsin were reserved for the construction of diplomatic missions of China, Cuba and India^[7].

Buying a hotel in Dublin city centre

2012 - Bought the Morrison Hotel in Dublin city centre. The seller is the State Fund of Ireland, the value of the transaction is estimated at 20-25 million euros. Located in Dublin's historic centre, Hotel Morrison, on the quay next to the Irish capital's main shopping street^[8].

Moving to London

After the resignation of her husband, Baturina settled in London.

Elena Baturina: "We have an unusual family for Russia, strong, based on traditions. We support each other, we love, there is no betrayal, lies, falsehood..^[9]."

Meeting with US Vice President Joe Biden and business ties to his son Hunter

Elena Baturina met with Joe Biden when he served as vice president of the United States, and also had business ties with his son Hunter. Because of this, later, after the outbreak of the conflict in Ukraine, she did not fall under American sanctions, the New York Post wrote in March 2023.

2016: Baturina's company bought a second fleet of solar panels in Greece

Inteco Beteiligungs Elena Baturina acquired in November 2016 the second solar battery park in the area of ​ ​ the Greek city of Fersal. The new owners estimate the profitability of the asset at 500 thousand euros per year. The total investment in the acquisition of both parks may amount to 20 million euros. Read more here.

2019: Criminal libel case brought and wanted

At the end of December 2019, a criminal libel case was opened against Elena Baturina, who is the president of Inteco Management (part 1 of article 128.1 of the Criminal Code). The case was opened at the suit of Ehrenzen Manzheev, the financial manager in the bankruptcy case of Viktor Baturin. Due to failure to appear in court, Baturin was put on the wanted list.

The representative of Baturina called the search order the next stage of the raider attack by the A1 structures. Then the investment division of Alfa Group denied involvement in the case.

The initiator of the criminal case against Baturina Erenzen Manzheev (financial manager in the bankruptcy case of her brother Viktor Baturin) On December 27, 2019, he also appealed to the Tverskoy District Court of Moscow with a statement of claim to recover 17 billion rubles. debt with Elena Baturina for 25% of Inteko, of which 13.8 billion rubles. - the debt itself, 3.2 billion rubles. - interest, told RBC Manzheev himself (It was not possible to find the case cards in the RBC court at the time of publication).

"The courts must figure it out and make a decision on what specific basis Elena Baturina must pay for the shares," Manzheev said. He suggested that one version of the agreement between Victor and Elena Baturin could be falsified. "The Austrian court finds out which of the versions is authentic and which has signs of forgery," he concluded.

2020: A1 announces claims against Elena Baturina using her conflict with her brother

The investment division of Alfa Group - A1 acquired the rights to claim 3.2 billion rubles. debt from the former vice president of Inteko Viktor Baturin, a representative of the A1 told RBC in January 2020. In particular, the rights of claim to the investment group passed from the Cypriot company Sarrio Investments Ltd (the beneficiary is not disclosed). Baturin himself was declared bankrupt in 2016.

The deal was concluded in December 2018, RBC reports. "We have acquired the rights of claim and intend to exercise them within the framework of the bankruptcy process," A1 spokeswoman^[10] told the publication^[10]. According to him, having studied all the materials on the businessman's entrepreneurial activities, as well as the decisions of the courts, the A1 came to the conclusion that sister Elena Baturina has an unpaid debt to her brother, which arose as a result of the acquisition of a 25% stake in Inteko JSC. The payment of the debt will satisfy the requirements of all creditors of the businessman, according to the A1.

The head of the Baturina press service, Gennady Terebkov, told RBC that his brother and sister have not had any relationship for a long time, including financial ones. But Viktor Baturin, under various pretexts, is making attempts to get money from Elena Baturina and her companies.

Awards

2003 - laureate of the Prize of the Government of the Russian Federation in the field of science and technology.

Hobbies

Equestrian sport (in 1999-2005 - Chairman of the Equestrian Federation Russia^[11]

Together with her husband, ^[12] took part in the 1000 miles retro car rally in Italy every year].

Family

Married, two daughters^[12].

• Husband - Luzhkov Yuri Mikhailovich.
• Daughter - Baturina Elena Yurievna.
• Daughter - Olga Yurievna Baturina.

Notes