Rank #2232
Zakhar Smushkin
Net worth $1.9B
Pulp and paper, diversified · Russia
- Born
- Jan 23, 1962
- Age
- 64
- Source
- Pulp and paper, diversified
- Residence
- Saint Petersburg
- Citizenship
- Russia
- Marital status
- Married
- Children
- 1
- Education
- Master of Science, Leningrad Technological Institute of Pulp and Paper Industry
Net worth over time
Biography
- In the early 1990s Zakhar Smuskhin and his business partner Boris Zingarevich were active in barter trading with Russian pulp and paper mills.
- Later in the 1990s, during the privatization phase in Russia, 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.
- In 2023 International Paper sold its 50% interest in Ilim Group to the Russian partners.
- Smushkin also owns some 3,500 acres of land near Saint Petersburg.
- Russia's prime minister and former president, Dmitry Medvedev, worked as general counsel of Ilim Holding in the mid 1990s.
- Smuskhin collects Russian paintings, particularly works by Mikhail Vrubel.