Rank #2171
Boris Zingarevich
Net worth $1.9B
Pulp and paper, diversified · Russia
- Born
- Jul 08, 1959
- Age
- 66
- Source
- 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
Net worth over time
Biography
- 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.