Thousands of supporters of the former journalist, who helped throw off decades of communist rule, sang democratic songs in the capital's Soviet-style square as he delivered a victory speech.
"Thank you great Genghis. Today 2.9 million Genghises are waking up on the Mongolian steppes", Elbegdorj said, speaking in front of a statue of the empire-building figure who unified the nation's tribes 800 years ago.
The reference to Genghis Kahn, whose empire reached into Europe at its height, demonstrates the increasing dominance over the nation's political scene established by the Harvard-educated Elbegdorj, who has also served two terms as premier.
"I can carry the name of Mongolia high in the international arena. I will work to realise the dream of the Mongolian people," 50-year-old Elbegdorj said. "I will work hard for the more intensive development of Mongolia."
The exploitation of the nation's vast coal, copper and gold reserves has helped transform an economy once characterised by nomadic lifestyles not far removed from the that of Genghis Khan and his followers.
At the victory rally, Elbegdorj praised his opponents in the presidential campaign, including champion wrestler Badmaanyambuu Bat-Erdene, the Mongolian People's Party's candidate who won 41.97 percent of the vote.
The third candidate, Natsag Udval from the Mongolian People's Revolutionary Party who was the first woman to contest the presidency, secured just 6.5 percent support.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
