From Russia with money
There's a new breed of women in the land of caviar and oligarchs - rich, entrepreneurial, and in charge. Here are six supernovas.
By Serge Michel, Fortune

(Fortune Magazine) -- There are 24 billionaires in Moscow, and all but one, the wife of the mayor, are men. Fittingly, the word "oligarch" in Russian is masculine.

Yet in the new capitalist Russia some women have made fortunes big enough to warrant a new term, "Nouvelles Russes," for this breed with extravagant spending habits who think nothing of throwing flamboyant soirees in the capital's best restaurants.

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Women in Russia hold fewer than 10% of top management posts and earn on average 37% less than men in the same jobs. Which is why many start their own businesses or choose to work for multinationals.

Although none of the entrepreneurs on the pages that follow made the Most Powerful Women list, they are a driving force in Russia's economy. Says Olga Sviblova, director of Moscow's House of Photography and one of the post-Soviet era's jet setters: "We are more precious than oil."

See 6 rich, entrepreneurial Russian supernovas

Most Powerful Women in Business

Global Power 50 Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.