Boris Zingarevich
$2.1B
Born
Jul 08, 1959
Age
66
Source of Wealth
Pulp and paper, diversified
Residence
Saint Petersburg,
Citizenship
Russia
Marital Status
Married
Children
2
Education
Master of Science, Leningrad Technological Institute of Pulp and Paper Industry
- In the early 1990s Boris Zingarevich and his business partner Zakhar Smuskhin got involved in barter trading with Russian pulp and paper mills.
- Later that decade, during the country's privatization phase, they bought their first plant, the Kotlas pulp and paper mill.
- The partners' Ilim Group formed a joint venture in 2007 with multinational firm International Paper; the venture operates in Russia as Ilim Group.
- As part of the deal, International Paper purchased 50% of Ilim for approximately $650 million, most of which was cash.
- In 2023 International Paper sold its 50% interest in Ilim Group to the Russian partners.
- Zingarevich also controls Ilim Timber, a large Russian processed timber firm.
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