Downward Mobility

Russia's Richest Woman Seeks Bailout

Being a Russian billionaire ain’t quite what it used to be: The New York Times reports that Russia’s richest woman, Yelena Baturina, is seeking government aid—specifically, $1.4 billion in loan guarantees for her construction company, Inteko. Formerly a factory worker, Baturina had a net worth estimated at $4.2 billion in 2008, although she disappeared from Forbes’ list of billionaires this year along with eight other Russians.