Tuesday, May 13, 2025

Richest Woman in Russia Faces Family Feud Amid Business Deal

Financial News

Tatyana Bakalchuk, 48, the founder and CEO of Wildberries and the wealthiest woman in Russia, is engaged in a public dispute with her husband over a company merger.

She is a self-made entrepreneur who turned an internet shopping mall she started during maternity leave into Russia’s largest e-commerce company. She is also of Korean descent, having the surname Kim before marriage.

According to Russian media outlet RBC, on July 24, Bakalchuk made a statement on her social media the previous day regarding her conflict with her husband, Vladislav Bakalchuk.

In her statement, she expressed, “I wonder for what purpose Vladislav is misleading people with manipulated stories,” and revealed that she had started divorce proceedings.

Tatiana Bakalchuk holds 99% of the shares in Wildberries, while her husband owns the remaining 1%.

In June, her husband claimed that the merger between Russia’s largest outdoor advertising company, Russ Outdoor, and Wildberries was disadvantageous to Wildberries.

In an interview with RBC, he asserted, “The management of Russ is manipulating Tatyana,” He added, “Wildberries has also been hit hard, with a significant slowdown in sales growth.”

In response, Bakalchuk refuted her husband’s claims, expressing disappointment that he would publicize their personal matters. She emphasized, “I am doing well with all seven of my children.”

According to Forbes, Bakalchuk’s net worth amounts to $12.9 billion.

She worked as an English teacher when she founded Wildberries on maternity leave in 2004. She expanded her business by posting photos of German clothing on a website and receiving online orders from people who did not have time to shop, such as women caring for children.

Wildberries reportedly experienced explosive growth, receiving 1.5 billion orders in 2022 alone, coinciding with Putin’s invasion of Ukraine.

Last year, Wildberries, often referred to as the Amazon of Russia, generated sales of $29 billion.

Hot this week

Facing Sales Slump, Apple Cuts iPhone 16 Pro Prices Ahead of China’s 618 Festival

Apple cuts iPhone prices in China due to sluggish sales, while maintaining steady prices in South Korea amid market share gains.

Your Sofa Is Dirtier Than a Toilet—Here’s What’s Lurking in the Cushions

Sofas are 75 times dirtier than toilet seats, with bacteria levels alarming, especially in homes with pets. Regular cleaning is essential.

Rust, Bulges, and Hidden Toxins: How to Spot Dangerous Canned Goods

Experts warn to check canned goods for signs of contamination, as bacteria can cause severe illness, including botulism.

3.81-Carat Diamond Found in Arkansas State Park—Named After a Dog

A man found a 3.81-carat diamond in Arkansas's Crater of Diamonds State Park, naming it Duke Diamond after his dog.

From Tariff Turbulence to Takeoff: Boeing Soars on Trade Optimism

The NYSE saw gains for two days, boosted by a US-UK trade deal and strong performances in quantum computing and semiconductor stocks.

Topics

Facing Sales Slump, Apple Cuts iPhone 16 Pro Prices Ahead of China’s 618 Festival

Apple cuts iPhone prices in China due to sluggish sales, while maintaining steady prices in South Korea amid market share gains.

Your Sofa Is Dirtier Than a Toilet—Here’s What’s Lurking in the Cushions

Sofas are 75 times dirtier than toilet seats, with bacteria levels alarming, especially in homes with pets. Regular cleaning is essential.

Rust, Bulges, and Hidden Toxins: How to Spot Dangerous Canned Goods

Experts warn to check canned goods for signs of contamination, as bacteria can cause severe illness, including botulism.

3.81-Carat Diamond Found in Arkansas State Park—Named After a Dog

A man found a 3.81-carat diamond in Arkansas's Crater of Diamonds State Park, naming it Duke Diamond after his dog.

From Tariff Turbulence to Takeoff: Boeing Soars on Trade Optimism

The NYSE saw gains for two days, boosted by a US-UK trade deal and strong performances in quantum computing and semiconductor stocks.

WTI and Brent Bounce Back as Markets Bet on Trade Diplomacy

Global oil prices surged following a U.S.-UK trade deal, raising hopes for similar agreements and boosting economic optimism.

Disney’s Abu Dhabi Dream: Why It’s Avoiding Investment Risks

Disney plans its seventh theme park in Abu Dhabi, partnering with a local company to minimize investment risks while collecting royalties.

Disney Shares Skyrocket: The Theme Park Deal That Has Investors Buzzing

New York stocks rebounded after a volatile day, with NVIDIA and Disney shares surging on positive news, while EV stocks fell sharply.

Related Articles