Mikhail Balakin

Mikhail Balakin

$1.70 B

Ranked #1118 in World

About Mikhail Balakin

Mikhail Dmitrievich Balakin, a prominent figure in Russia's business and political landscapes, was born on April 20, 1961. As the influential chairman of the SU-155 group, encompassing over 80 industrial and construction enterprises, and a seasoned Moscow politician, Balakin has significantly impacted Russia's urban development and infrastructure. His academic foundation in civil engineering from the Kuibyshev Moscow State University of Civil Engineering propelled him from a master to the pinnacle of construction management, culminating in his directorial position at SU-155 in 1990. Balakin's tenure in the Moscow mayor's office from 2000 to 2005 was marked by pivotal renovations, including the Bolshoi Theatre and the Moscow International House of Music. Returning as SU-155's chairman, his leadership saw the company's revenue surge by 35% in 2013. A Forbes-listed billionaire since 2005, Balakin's political endeavours include a mayoral run in 2018 and a seat in the Moscow City Duma, underscoring his multifaceted contributions to Russia's societal fabric.

Born

April 20, 1961 in Serpukhov, Soviet Union

Age

65 years

Source Of Wealth

Construction

Industries

Construction & Engineering

Citizenship

Russia

Residence

Moscow

Education

Bachelor of Arts / Science, Moscow Institute of Civil Engineering

Children

one daughter

Mikhail Dmitrievich Balakin was born on April 20, 1961, in the Soviet Union. He grew up in a family with a strong tradition of engineering and construction. His father, Dmitry Balakin, was a civil engineer, and his mother, Valentina Balakin, was an architect.

Mikhail Balakin: Family

Mikhail Balakin is married and has one daughter. He is known for his strong family values and his commitment to supporting his loved ones.

Mikhail Balakin: Career Highlights

Mikhail Balakin's career in the construction industry began in 1983 when he graduated from Kuibyshev Moscow State University of Civil Engineering with a degree in civil engineering. He worked his way up from master to chief engineer over eight years, demonstrating his exceptional skills and leadership abilities.

In 1990, Balakin became the director of Construction Management No. 155 (SU-155), a company that would later become one of the largest construction companies in Russia. Under his leadership, SU-155 grew rapidly and became a publicly traded company in 1993. Balakin served as the co-owner and general director of SU-155, overseeing its successful expansion and diversification.

In 2000, Balakin moved to work in the Moscow mayor's office, where he was responsible for municipal projects and substandard housing renovation. During his tenure, he oversaw the renovation of several iconic landmarks in Moscow, including the Moscow International House of Music, the Bolshoi Theatre's new stage, the Square of Europe, and the MGU Library.

After leaving the mayor's office in 2005, Balakin returned to SU-155 as chairman. Under his leadership, the company continued to grow and expand, becoming a major player in the Russian construction industry. Balakin is the majority shareholder of SU-155 Group, which comprises over 80 industrial and construction businesses.

Mikhail Balakin: Companies

Mikhail Balakin is the chairman of the SU-155 group of companies, a leading Russian construction and development company. SU-155 is involved in a wide range of construction projects, including residential, commercial, and infrastructure development.

The company has a strong presence in Russia and has also expanded its operations internationally.

Mikhail Balakin: Major Achievements

Mikhail Balakin's major achievements include:

  • Leading SU-155 to become one of the largest construction companies in Russia.
  • Overseeing the renovation of several iconic landmarks in Moscow.
  • Being included in the Forbes rating of richest Russian businessmen since 2005 (except 2009) and Forbes global rating since 2010.
  • Receiving various awards from the Russian Orthodox Church and the title "Builder Emeritus of the Russian Federation."

Mikhail Balakin: Awards & Achievements

Mikhail Balakin has received numerous awards and recognitions for his contributions to the construction industry and his philanthropic efforts. Some of his notable awards include:

  • Order of Merit for the Fatherland, 4th class
  • Order of Friendship
  • Order of St. Sergius of Radonezh, 2nd class
  • Order of St. Seraphim of Sarov, 3rd class
  • Honorary Builder of Russia
  • Builder Emeritus of the Russian Federation

Mikhail Balakin: Personal Life & Legacy

Mikhail Balakin is known for his dedication to his work and his commitment to social responsibility. He is actively involved in charitable activities and supports various educational and cultural initiatives. Balakin is also a keen sportsman and enjoys playing tennis and skiing.

Mikhail Balakin: Trivia

  • Mikhail Balakin is a licensed pilot and enjoys flying.
  • He is a member of the Russian Geographical Society and the Russian Union of Industrialists and Entrepreneurs.
  • Balakin is a keen art collector and has a particular interest in Russian avant-garde art.
  • He is fluent in Russian and English.

Wealth History

Timeline

April 20, 1961

Mikhail Dmitrievich Balakin is born.

1990

Balakin becomes director of Construction Management No. 155 (SU-155).

1993

Balakin becomes co-owner and general director of SU-155 when it becomes publicly traded.

2000

Balakin moves to work in the Moscow mayor's office, responsible for municipal projects and substandard housing renovation.

2005

Balakin returns to SU-155 as chairman after leaving the mayor's office.

2013

SU-155 revenue rises by 35% to 114.2 billion roubles.

April 2013

Balakin sells his shares in NS Bank.

2014

Balakin divests assets in management companies from SU-155 Group to focus on the core business.

2014

Balakin is elected to the Moscow City Duma, representing the Liberal Democratic Party.

2018

Balakin runs for Mayor of Moscow, nominated by the Union of Citizens party.

2018

Balakin's registration is initially rejected due to insufficient signatures but later ordered by the Moscow City Court.

2018

Balakin finishes last in the mayoral election with 1.87% of the vote.

Mikhail Balakin : FAQs

What is Mikhail Balakin's net worth?

As of 2015, Mikhail Balakin's net worth was $1.70 billion.

What are Mikhail Balakin's main sources of wealth?

Mikhail Balakin's main source of income comes from Construction.

In which industry does Mikhail Balakin primarily operate?

Mikhail Balakin is primarily involved in the Construction & Engineering industry.

What is Mikhail Balakin educational background?

Mikhail Balakin holds a Bachelor of Arts / Science from Moscow Institute of Civil Engineering.

How old is Mikhail Balakin?

Mikhail Balakin is 65 years old.

How many children does Mikhail Balakin have?

Mikhail Balakin has 1 children.

Who is Mikhail Dmitrievich Balakin and what is he known for?

Mikhail Dmitrievich Balakin is a Russian billionaire businessman and politician, known for being the chairman of the SU-155 group of companies, a major player in construction and industry, and for his political involvement as a Moscow politician.

What significant roles has Mikhail Balakin held in his career?

Throughout his career, Mikhail Balakin has held significant positions including the director of Construction Management No. 155 (SU-155), co-owner and general director of SU-155, a staffer in the Moscow mayor's office overseeing municipal projects, and chairman of SU-155. He has also been a member of the Public Council of the Russian Ministry of Construction Industry and elected to the Moscow City Duma.

What are some major projects Mikhail Balakin has been involved in?

During his tenure in the Moscow mayor's office and at SU-155, Mikhail Balakin has been involved in the remodeling of major landmarks including the Moscow International House of Music, the new stage of the Bolshoi Theatre, Square of Europe, and the MGU Library.

What achievements and recognitions has Mikhail Balakin received?

Mikhail Balakin has been recognized in Forbes' list of richest Russian businessmen and its global rating, received various awards from the Russian Orthodox Church, the title "Builder Emeritus of the Russian Federation," and served as a member of the Public Council of the Russian Ministry of Construction Industry, Housing, and Utilities Sector.

What has been Mikhail Balakin's involvement in politics?

Mikhail Balakin has been actively involved in politics, being elected to the Moscow City Duma in 2014 and running for Mayor of Moscow in 2018, where despite challenges, his candidacy was eventually accepted by the Moscow City Court, although he finished with 1.87% of the vote.
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