Eugene MIkhaylov

Eugene Mikhaylov inherited his fortune from his father, Igor Babaev, former managing director Cherkizovsky, a formerly state-owned meat-packing plant in Moscow.

Babaev became controlling shareholder of Cherkizovsky during Russia's privatization era in the 1990s, later adding pig and poultry farms, feed mills and other meat-packing plants.

Cherkizovo is now the largest meat producer in Russia, with 360,000 hectares (about 900,000 acres) of agricultural land.

Babaev retired from business in 2015 and gifted the shares to his two sons and ex-wife, who relinquished her shares in 2022.

Mikhaylov was elected the Chairman of Cherkizovo Group in 2016.