Bakalchuk is the founder and chief executive of Wildberries, Russia’s largest online retailer. The Moscow-based business had sales volumes of $11.2 billion in 2021 after benefiting from an increase in online shopping due to the Covid-19 pandemic. It serves more than 8 million customers daily and operates in 19 countries.
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The majority of Bakalchuk's fortune is derived from her 99% stake in Wildberries, Russia’s largest online retailer, according to the Data Insight website. She holds her stake directly, according to Spark-Interfax financial database. Her husband, Vladislav Bakalchuk, controls the remaining 1%.
The Russia-based business had sales volumes of $11.2 billion in 2021, according to the data provided by the company, and has operations in 19 countries.
The company is valued using the average price-to-sales multiple of five publicly traded peers: Ozon Holdings, Alibaba Group Holding, JD.com, eBay and Amazon.com.
Tatyana Bakalchuk was born in the Moscow region in 1975. She founded online retailer Wildberries in 2004 in her Moscow apartment while on maternity leave from her job as an English teacher.
She paid around $700 to create company's first website.“At first, I did everything myself, collecting the goods and taking them to customers on the other side of Moscow by subway or bus,” said Bakalchuk in an interview with Bloomberg News in August 2018.
Over the following years Bakalchuk grew Wildberries into Russia's biggest online retailer with more than 8 million customers and about 60,000 brands in stock. In 2019, the company started expanding beyond the former Soviet Union into Israel, Poland, Germany and Slovakia.
The billionaire lives in Moscow with her husband and seven children.