#2306

Lidiya Mikhailova & family

Russia 68 years old Self-Made

Overview

Source of Wealth
agribusiness
Residence
London
Marital Status
Divorced
Children
2

Assets

  • Cherkizovo Group
    36,261,000 shares @ -
    -
    GCHE-RU

Biography

Lidiya Mikhailova and her sons control Cherkizovo Group, a meat producer founded by her ex-husband Igor Babaev.

In the 1980s, Babaev was elected as general director of the Cherkizovsky meat processing plant in Moscow.

He acquired all of the shares of the plant in the 1990s, during privatization, and started to buy other poultry and pig farms.

In 2005, the assets were merged into the Cherkizovo Group, which a year later went public on the London and Moscow stock exchanges.

Babaev gave all his shares to his sons, who manage the company. They own about 28% each; Lidiya owns about 15%.