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Moscow Property Tycoon Rebuilds in Exile After Husband’s Ouster

Elena Baturina, for many years Russia’s only known female billionaire, is prowling for real estate opportunities in Europe and the U.S. as she seeks to expand her property empire in exile.

Baturina, who began building her fortune manufacturing plastics and saw her biggest success after entering the housing construction business in the 1990s, left Russia more than a year ago, after her husband, former Moscow Mayor Yury Luzhkov, was fired during a political spat with President Dmitry Medvedev. She now spends most of her time in Austria and the U.K., where the couple’s two daughters are studying.