What is Mikhail Balakin's Net Worth?
Mikhail Balakin is a renowned Russian businessman with an estimated net worth of $1.9 billion. He is widely recognized as the founder of CD-155, a prominent construction company that has been operational since 1954. Initially named 'Stroymontazhtrest Number 3,' the company generates revenue from both state and private projects, contributing significantly to its sustained success.
Balakin graduated from the Moscow Institute of Civil Engineering, launching his professional career soon after. His journey began at Glavmosstroi, a massive Soviet construction firm at the time. In 1993, the division where he worked transitioned to private ownership, and Balakin took the helm, leading the company into a new era of growth and development.
