Mikhail Balakin’s profile picture

Mikhail Balakin

Mikhail Balakin’s profile picture
Net worth 2018: $1.7 Billion
Country: Russia
BirthDay: 20 April 1961
Sigh: Taurus
Children: 1
Education: Bachelor of Arts / Science, Moscow Institute of Civil Engineering
BIOGRAPHY

Mikhail Balakin was bornon 20 April 1961 in Russia. Mikhail Balakin's construction company, CD-155 (a.k.a. SU-155), started back in 1954, when it was known as "Stroymontazhtrest Number 3." It's still getting business from the state, but a growing slice of its revenue comes from commercial and private construction (most notable: refurbishing the Bolshoi Theater). He graduated from the Moscow Institute of Civil Engineering and got his start in the Glavmosstroi, the giant Soviet construction firm. His division went private in 1993 as Construction Department 155 and he later took majority control. In 2014 he was elected as a deputy in the Moscow city duma.

NET WORTH STATISTIC
2010

$1.6 Billion

2011

$2.3 Billion

2012

$1.9 Billion

2013

$1.8 Billion

2014

$1.9 Billion

2015

$1.7 Billion

2018

$1.7 Billion

TIMELINE
2014

Construction of a new church in Shcherbinka (Moscow) proceeded in 2014 with the support of Mikhail Balakin and the SU-155 Group – the church containing the icon of Our Lady “Queen of All Creation”, which had been halted earlier after repair of the foundation and when funds collected for the construction ran out

2013

Balakin was one of the shareholders of NS Bank, but he sold his shares in the bank in April 2013

2009

Between 2009 and 2012, the Naval cathedral of Saint Nicholas in Kronstadt was restored, having been closed in 1929 and used as a movie theater, housing for officers in the Baltic Fleet, a concert hall and a branch of the Central Naval Museum in Soviet times

2008

He was awarded the title “Builder Emeritus of the Russian Federation” in 2008

2005

Awards have been presented at various times by the Russian Orthodox Church: the Order of Holy Prince Daniel of Moscow III class in 2005, the Order of Holy Father Serafim of Sarov III class in 2007, the Medal of Holy Prince George Vsevolodovich III class and the Order of Holy Father Serafim of Sarov II class in 2014

2002

Between 2002 and 2005, the SU-155 Group of companies restored the cathedral of St

2000

In 2000 he moved to work in the Moscow mayor’s office, where he was responsible for the construction of municipal projects and the renovation of substandard (dilapidated) housing

1993

He became co-owner and general director of SU-155 when the company became a publicly traded entity in 1993

1990

In 1990 he was named director of Construction Management No

1961

Mikhail Dmitrievich Balakin (Russian: Михаил Дмитриевич Балакин, born April 20, 1961) is a Russian billionaire, and chairman of the SU-155 group of companies

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