Wildberries owner becomes second female dollar billionaire in Russia, says Forbes Magazine

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Tatyana Bakalchuk

Tatyana Bakalchuk


© Anton Novoderezhkin/TASS

MOSCOW, February 21. / TASS / The owner of online retail store Wildberries, Tatyana Bakalchuk, has become the second woman dollar billionaire in Russia, according to Forbes, the magazine wrote on Thursday.

The value of her retail giant is estimated at $1.2 bln.

“The new company value allows to calculate Bakalchuk’s estate at over $1 billion. She is the second woman billionaire in Russia, after Elena Baturina,” the publication notes.

Since Wildberries is not a public company, its cost was estimated based on data on sales and profits, as well as on multipliers of similar projects and estimates of venture capitalists, Forbes explained.

Online store Wildberries sells various product categories, including toys, cleaning products, baby food, electronics, books, and clothing. In 2018, the company’s revenue amounted to $ 1.7 billion. According to the SPARK portal, Tatyana Bakalchuk is the sole owner of Wildberries.

Most Expensive Internet companies in Russia rating

Wildberries ranked fourth in the Forbes ranking of the most expensive Internet companies in Russia, published on February 21. A year earlier, the company was in the same position in the rating, but then its value was estimated at only $ 602 million.

The first three leaders of the Runet company ranking compared to 2018 also did not change. IT giant Yandex remains in first place, its value is estimated at $10.72 billion, while Mail.ru Group is in second place ($5.36 billion), and Avito, the online reseller ($3.85 billion) is in third.

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