Mikhail Balakin

Mikhail Dmitrievich Balakin (Russian: Михаил Дмитриевич Балакин, born April 20, 1961) is a Russian billionaire businessman and politician. He is chairman of the SU-155 group of companies, as well as a Moscow politician, member of the Moscow City Duma from 38th constituency.Information taken and translated directly from the Russian Wikipedia page, using its sources.

Early life and education Mikhail Balakin was born to a family of builders. He graduated the Kuibyshev Moscow State University of Civil Engineering with a degree in civil engineering and a concentration in heat and gas supply and ventilation.Mikhail Balakin: Russian Construction Magnate

Career He worked his way up from master to chief engineer over the following eight years. In 1990 he was named director of Construction Management No. 155 (SU-155).

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

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. The Moscow International House of Music, the new stage for the Bolshoi Theatre, Square of Europe near the Kiyevsky railway station and the MGU LibraryMGU Library to rival Paris National Library in beauty were remodelled while he was working for the mayor of Moscow.Mikhail Balakin

After deciding to leave the mayor’s office in 2005, he returned to the helm of SU-155, where he is the chairman.

Business Balakin is the majority shareholder of the SU-155 Group of companies,Anton Belykh, Margarita Feodorova. Ministry of Defense protects developers Kommersant, 24.03.2011. (in English) comprising over 80 industrial and construction businesses. SU-155 revenue in 2013 rose by 35% to 114.2 billion roubles.

Balakin was one of the shareholders of NS Bank,NS Bank but he sold his shares in the bank in April 2013.SU-155 owner ditches NS Bank stakeБалакину надоело строить банк (in Russian)

He divested himself his assets in management companies that were originally part of the SU-155 Group in 2014 in order to concentrate on the core business of the Group.ГК "СУ-155" вышла из бизнеса управляющих компаний, ""RIA Novosti"", 09.04.2014. (in Russian)SU-155 Exits Management Company Business , "RIA Novosti", 09.04.2014. (in English)

Status Included in Forbes rating of richest Russian businessmen since 2005 (except for 2009), and in Forbes global rating since 2010:Mikhail Balakin. Chairman-Supervisory Board, Su-155 ZAO in 50th place of 100 richest businessmen in Russia for 2005, with assets worth $550 million;100 richest businessmen in Russia — 2005 Forbes, 23.10.2009 (in Russian) in 57th place of 100 richest Russian businessmen in 2006, with assets worth $800 million;100 richest businessmen in Russia — 2006 Forbes, 22.10.2009 (in Russian) in 53rd place of 100 richest Russian businessmen in 2007, with assets worth $1.2 billion;32 more Russians on Forbes Billionaire List100 richest businessmen in Russia — 2007 Forbes, 20.10.2009 (in Russian) in 34th place of 100 richest Russian businessmen in 2008, with assets worth $4 billion;100 richest businessmen in Russia — 2008 Forbes, 30.08.2009 (in Russian) did not appear in list of 100 richest Russian businessmen in 2009;100 richest businessmen in Russia — 2009 Forbes, 06.09.2009 (in Russian) in 41st place of 100 richest Russian businessmen in 2010100 richest businessmen in Russia — 2010 Forbes, 16.04.2010 (in Russian) and 616th place in Forbes global rating,Russian businessmen in Forbes global rating — 2010 Forbes, 11.03.2010 (in Russian) with assets worth $1.6 billion; in 40th place of 200 richest Russian businessmen in 2011200 richest businessmen in Russia — 2011 Forbes, 15.04.2011 (in Russian) and 512th place in Forbes global rating,Russian businessmen in Forbes global rating — 2011 Forbes, 10.03.2011 (in Russian) with assets worth $2.3 billion; in 46th place of 200 richest Russian businessmen in 2012200 richest businessmen in Russia — 2012 Forbes, 19.04.2012 (in Russian) and 683rd place in Forbes global rating,Russian businessmen in Forbes global rating — 2012 Forbes, 07.03.2012 (in Russian) with assets worth $1.9 billion; in 57th place of 200 richest Russian businessmen in 2013200 richest businessmen in Russia — 2013 Forbes, 18.04.2013 (in Russian) and 831st place in Forbes global rating,Russian businessmen in Forbes global rating — 2013 Forbes, 04.03.2013 (in Russian) in 52nd place of 200 richest Russian businessmen in 2014, with assets worth $1.9 billion.200 richest businessmen in Russia — 2014 Forbes, 17.04.2014 (in Russian)

Political career Balakin has been a member of the Public Council of the Russian Ministry of Construction Industry, Housing and Utilities Sector since 2014.

In 2014, Balakin ran for the Moscow City Duma in 38th constituency. Initially, it was assumed that he would run as an independent candidate, but in the end he went to the polls from the Liberal Democratic Party. Balakin was elected to the City Duma gaining 46% of the vote.Строительный элементЗа кандидата от ЛДПР агитирует городская администрация и управляющая организацияВладелец СУ-155 пойдет в Мосгордуму по списку ЖириновскогоВыборы депутатов Московской городской Думы шестого созыва. Сводная таблица результатов выборов по одномандатному (многомандатному) округу. Избирательная комиссия № 38Сюрпризы выборов в Мосгордуму

In 2018, he ran for Mayor of Moscow. Balakin was nominated by the Union of Citizens party. To register, he had to pass the so-called "municipal filter", collect from 110 to 115 signatures of municipal deputies. Initially, he collected 112 signatures, this number was enough for registration, but then three deputies withdrew their signatures and the City Election Committee rejected the candidacy of Balakin citing a lack of signatures. On 23 July 2018, the Moscow City Court found the refusal of registration illegal and ordered to register Balakin as a mayoral candidate.Мосгоризбирком зарегистрирует Балакина кандидатом в мэры МосквыМосгорсуд обязал избирком зарегистрировать Балакина кандидатом в мэры Москвы

At the mayoral election Balakin ranked last, scoring 42,192 votes (1.87%).Данные о предварительных итогах голосования. Выборы Мэра Москвы

Awards 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. He was awarded the title “Builder Emeritus of the Russian Federation” in 2008. He was awarded the Order of Honour in 2014.Указ Президента Российской Федерации от 20.04.2014 №253 «О награждении государственными наградами Российской Федерации» / Russian Presidential Decree #253 21.04.2014 (in Russian)

Family Balakin is married and has one daughter.

Mikhail Balakin

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