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International Business Times UK
International Business Times UK
Business
Danielle Summer

She Spent $700 To Start An eCommerce Site; Now She's Russia's Richest Woman Worth $7.4B

Tatyana Bakalchuk (Credit: @ourfuturehq via Instagram)

Currently, Tatyana Bakalchuk holds the title of the wealthiest woman in Russia, boasting an estimated net worth of $7.4 billion. Despite her vast fortune, the 48-year-old entrepreneur maintains a remarkably low profile and leads a modest lifestyle. Unlike many billionaires who reside in opulent mansions, Bakalchuk reportedly prefers to rent her accommodation rather than own property. In a 2018 interview with AFP, she described herself as "introverted."

In 2004, while on maternity leave, Bakalchuk founded an e-commerce company called Wildberries, investing a mere $700 to build a website. Fast forward to 2023, and Wildberries had generated an impressive $6 billion in revenue and $27.8 billion in gross merchandise volume. Often referred to as the Russian version of Amazon by Bloomberg's Billionaires Index, Wildberries is a rapidly expanding online retailer offering a diverse array of products, including clothing, electronics, and housewares, from over 60,000 brands.

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