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Wife Of Ex-Moscow Mayor Is Russia's Richest Woman

Yelena Baturina, the wife of Moscow former mayor Yuri Luzhkov (file photo)

The wife of former Moscow Mayor Yury Luzhkov has again topped the Forbes ranking as the richest woman in Russia.

Yelena Baturina -- with an estimated fortune of $1 billion -- claimed the distinction for a third time in the Russian-language version of the magazine's ranking of Russia's 50 richest women, which was released on August 20.

Baturina is the chairwoman of the supervisory board at Inteco Management and is known to have made much of her money from selling cement while her husband was mayor from 1992-2010.

In 2010, Forbes ranked Baturina as the world's third-richest woman with a net worth of $2.9 billion.

The second wealthiest Russian woman is Natalya Lutsenko, co-owner and founder of GK Sodruzhestvo, Russia's largest vegetable-oil manufacturer. Her net worth is estimated at $550 million.

Third on the Forbes list is Guzeliya Safina, deputy general-director of the Taif Group, with a net worth of $430 million.

Making the list for the first time is Olga Shuvalova, wife of First Deputy Prime Minister Igor Shuvalov, worth an estimated $125 million.

Based on reporting by Interfax and Forbes