[4] Krivonogikh was born in Leningrad, Russian SFSR (now Saint Petersburg, Russia), on 10 March 1975.
[8] An investigation by Proekt Media published in November 2020 alleged that Elizaveta's father is Russian president Vladimir Putin.
[5][9] Krivonogikh's name became known with the 2020 Proekt investigation, which documented her connection to Putin as well as her financial assets and properties in Russia.
[5] Her name became more widely known in connection with the Pandora Papers published by ICIJ in October 2021, which revealed her assets overseas.
[8] In February 2023, due to the 2022 Russian invasion of Ukraine, Krivonogikh was sanctioned by the United Kingdom over her being a shareholder in the National Media Group [ru] which "consistently promotes the Russian assault in Ukraine".