What is Mikhail Balakin's Net Worth?
Mikhail Balakin is a Russian businessman who has a net worth of $1.9 billion. Mr. Balakin is best known as the founder of CD-155, a construction company that has been actively operating since 1954. Initially named "Stroymontazhtrest Number 3", the company has been getting its revenues from both state and private projects.
A graduate of Moscow Institute of Civil Engineering, Balakin is said to have started his pro career shortly after his graduation. He made his start in the Glavmosstroi, a giant Soviet construction firm at the time. In 1993, the division in which he worked went private and Mikhail Balakin was the one to take it over.
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