Business Wire

PRESS-OFFICE-BURLAKOV

Share
Oleg Burlakov, Leading Russian Entrepreneur, Self-Made Billionaire & Eco-Sailing Pioneer Dies At 72

Oleg Burlakov Obituary:

Oleg Leonidovich Burlakov, a prominent Russian entrepreneur and leader in the industrial goods sector passed away on 21st June 2021 in Moscow aged 72 after a short battle with Covid-19.

Born in 1949 in St. Petersburg, Oleg was a Russian patriot, who in addition to business roles in the aerospace, chemicals and energy industries, is best known as the owner and visionary behind the Black Pearl, a trailblazing eco-sailing yacht which he commissioned in 2010.

Oleg is survived by his wife Lyudmila Burlakova and by his two daughters Veronica and Elena. The Burlakovs were married for 48 years, during which time the couple together built a considerable fortune.

Oleg had a series of very successful investments in Russia in the 80s and 90s across various sectors.

During his early career, Oleg was a member of the USSR air force who took immense pride in his military duties. In October 1988 he founded Integral, a co-operative active in the development of patents and scientific research for innovative chemical products that extended engine and battery life. His wife Lyudmila was among the list of members of the co-operative at its inception and helped to co-found the business alongside her husband. After initial successes with Integral, Oleg incorporated Sovinterfrance, a natural resources and mining company.

From 1992, Oleg invested in the oil industry and in the production of cement, by first taking control of one of the most important Russian national companies, Novoroscement, then subsequently the oil exploration company Burneftegaz. The takeovers commenced through Oleg’s Sovinterfrance. Through the sale of his cement business Novoroscement in 2007 for almost 1.5bn dollars and his gas business Burneftegaz in 2014 for around 1bn dollars, Oleg became a billionaire.

Beyond his enterprises in Russia, Oleg’s passion for sailing and the engineering and technology underpinning modern yachting has helped to cement his legacy. He was the visionary owner of the world’s second largest sailing yacht, the renowned 106.7-metre Oceanco eco-sailing yacht Black Pearl. The most defining feature of which is its three DynaRig carbon masts supporting a sail area of 2,900 square meters. By harnessing sail power, solar and a hybrid propulsion system that Oleg helped to bring to life, the Black Pearl is able to cross the Atlantic burning just 20 litres of fuel. Oleg is celebrated for his role in shaping the design and specifications of the Black Pearl and paving the way for yachts with sustainability and reduced carbon footprints in mind. The Black Pearl remains an enduring inspiration to the next generation of sailing yachts and is a testament to Oleg’s forward-looking engineering expertise.

Oleg and Lyudmila met when they were young students and had not yet made their fortune: Oleg reading aerospace engineering and Lyudmila pursuing a degree in aeronautical engineering. The couple’s ambition and business acumen enabled them to achieve success and build the family fortune.

They resided in Ukraine until 1993 before deciding to move together to the United States and then to Canada in 1995, where Oleg was laid to rest by his family on 16 July 2021 in the North York district.

The Burlakov family, Oleg’s wife, daughters and six grandchildren, welcome Mr. Burlakov’s friends and associates to join them in commemorating him and invite them to make contact should they wish to celebrate his life.

The Press Office of the Burlakov family and Lyudmila Burlakova

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Access Advance Welcomes Global Technology Leaders as Licensees and Licensors to New Video Distribution Patent Pool2.7.2025 02:00:00 CEST | Press release

Access Advance LLC ("Advance") today announced the inaugural roster of licensees and licensors for its Video Distribution Patent ("VDP") Pool, marking a significant milestone in the program's rapid market adoption since its January announcement. The participation of major global companies heavily involved in video codec technology demonstrates strong industry support for the comprehensive licensing solution covering HEVC, VVC, VP9, and AV1 codecs. The VDP Pool has successfully attracted a group of licensees/licensors including ByteDance, Kuaishou, NTT Docomo, and Tencent. This represents the beginning of what Access Advance expects to be widespread adoption among content streaming providers seeking simplified codec licensing. The licensees’ participation provides immediate access to the wide-ranging patent portfolio while benefiting from the fixed tiered pricing structure designed to scale with business size. "We're pleased to welcome ByteDance, Kuaishou, NTT Docomo and Tencent as our

Intralot S.A. to Acquire Bally’s International Interactive Business in a Transaction that Creates a Global Gaming Technology and Services Company in Lottery and Digital Online Gaming Markets1.7.2025 21:10:00 CEST | Press release

Intralot S.A. to Remain Listed on the Athens Stock ExchangeTransaction Enterprise Value of €2.7 Billion Intralot S.A. (ATSE: INLOT) (“Intralot”) and Bally’s Corporation (NYSE: BALY) (“Bally’s”) today announced that their respective Boards of Directors approved their entry into a definitive transaction agreement (“Transaction Agreement”) pursuant to which Intralot will acquire Bally’s International Interactive business (the “International Interactive Business”) in a cash-and-shares transaction that values the International Interactive Business at an enterprise value of €2.7 billion (the “Transaction”). The consideration for the acquisition of the International Interactive Business will comprise a combination of cash paid by Intralot and newly issued shares delivered by Intralot to Bally’s, as more specifically detailed below. As part of the Transaction, Intralot expects to refinance part of its existing debt facilities and Bally’s also expects to repay secured debt from the cash proceed

Valeo Foods Group Acquires Melegatti Cakes Expanding the Italian Bakery Portfolio1.7.2025 18:21:00 CEST | Press release

Valeo Foods Group, one of Europe’s leading producers of quality sweets, treats and snacks, has successfully acquired the assets of an Italian panettone, pandoro and croissant producer, Melegatti 1894 S.p.A.This acquisition is another step forward in Valeo Foods Groups’ strategy to expand its baked sweet treats portfolio, and reinforces Valeo’s commitment to bringing authentic Italian confections and established regional brands to a wider international audience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250702677156/en/ Melegatti Founded in 1894 in Verona, Melegatti has a strong reputation for artisanal cakes - particularly pandoro, panettone and filled croissants - traditional recipes, and a rich Italian heritage, Melegatti has a proud legacy founded on family values, craftsmanship, and a passion for quality. “We are excited to welcome Melegatti into the Valeo Foods Group,” said Ronald Kers, Group CEO. “This acquisition

PUMA and Borussia Dortmund Extend Partnership1.7.2025 18:18:00 CEST | Press release

Sports company PUMA has extended its long-standing partnership with Borussia Dortmund, and will continue to create products that cater to BVB’s many passionate fans around the world and match the club’s dynamic, fast paced style of football. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250701775493/en/ Sports company PUMA has extended its long-standing partnership with Borussia Dortmund, and will continue to create products that cater to BVB’s many passionate fans around the world and match the club’s dynamic, fast paced style of football. Since the start of their partnership in the 2012/13 season, BVB has celebrated many successes, such as reaching the finals of the 2012/13 and 2023/24 UEFA Champions League and winning the 2016/17 and 2020/21 German DFB Cup. The club is currently participating in the FIFA Club World Cup, where it has already reached the round of 16. BVB continues to set the standard in European football w

Gogo Galileo HDX Coming to Cessna Citation Jet Models1.7.2025 17:00:00 CEST | Press release

Expected FAA Supplemental Type Certification in late 2025 Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced Gogo Galileo HDX will be available for aftermarket installation on Cessna Citation jets after Federal Aviation Administration (FAA) Supplemental Type Certification (STC) expected in late 2025. The global Low Earth Orbit (LEO) solution allows customers to enjoy one of the best possible in-flight connectivity and aviation experiences, no matter where their journey takes them. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250701750049/en/ Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced Gogo Galileo HDX will be available for aftermarket installation on Cessna Citation jets after Federal Aviation Administration (FAA) Supplemental Type Certification (STC) expected in late 2025. (Photo: Textron Aviation) By offering Gogo Galileo HDX as an aftermarket upgrade, the Textron Av

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye