Tatiana Bakalchuk’s online business recorded 2019 revenues the equivalent of US$3.5 bil.
Tatiana Bakalchuk, 44, has amassed an estimated fortune of US$1.4 billion, beating out 56-year-old Yelena Baturina’s US$1.2 billion, it said. Bakalchuk, a former English teacher, founded the company in 2004, at the age of 28, in her Moscow apartment while on maternity leave. She came up with an e-commerce business idea after trying to shop at traditional stores with a newborn.
Valery Fyodorov, the head of state polling agency VTsIOM, says the success of new, young, independent business personalities like Bakalchuk is the exception rather than the rule in Russia.Initially focusing on shoes and clothing, her business has expanded into food, books, electronics and health products, offering 15,000 brands.
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