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The Richest Russian Woman
February 21, 2020 17:25

The founder of the online retailer Wildberries Tatyana Bakalchuk became the richest woman in Russia. With a fortune of $ 1.4 billion, she overtook the permanent leader Elena Baturina. 

Tatyana Bakalchuk,  the co-founder and owner of the largest Runet online store, Wildberries, became the richest woman in Russia, ahead of Elena Baturina. On February 20, Bakalchuk’s fortune amounted to $ 1.4 billion. For the year, it grew by $ 400 million. Baturina’s fortune unchanged over the same period and on February 20 made $ 1.2 billion. 

According to the rating of the 10 largest online sellers published on Thursday, Wildberries turnover grew by 88% and amounted to 223.5 billion rubles in 2019.

The Wildberries online retailer is a non-public company, its value is estimated based on data on sales and profits, as well as on multipliers of similar projects and estimates of venture capitalists.

A year ago, Wildberries received a unicorn status with an estimate of $ 1.2 billion for the first time. In 2019, the company completed 164 million orders, twice as much as a year earlier. The assortment has grown twice also, from 1.8 to 3.6 million items, and the number of suppliers to 19,000. “The growth was facilitated by a reduction in the commission for partners from 38% to 15% and the launch of E-Commerce Expertise Centers,” the data director for Wildberries development Vyacheslav Ivashchenko says. Own network of points of delivery of orders has reached more than 6300 points in Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia. A year ago, it became known about the plans of the Internet retailer to enter the Polish market, and since January 2020, the company launched sales in the EU through

For the first time, Tatyana Bakalchuk was included in the list of the richest people in Russia in 2018, then her Forbes fortune was estimated at $ 600 million. A year later, her fortune almost doubled, securing the status of the second woman billionaire on the list after Elena Baturina, widow of former Moscow mayor Yuri Luzhkov and one of the largest developers of the capital  in the past.

Baturina is the former owner of one of the largest developers in Moscow, the Inteko company. She has been on the Forbes list since 2004, starting from $ 1 billion. For 16 years, Baturina’s fortune rose to a maximum of $ 4.2 billion in 2010 and only once, after the 2008 crisis, fell below a billion, to $ 900 million in 2009. In the past two years, the state was unchanged - $ 1.2 billion.

Read more about  Wildberries here.

Author: Anna Dorozhkina

Tags: Wildberries Tatyana Bakalchuk    

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