Zakhar Smushkin
$2.1B
Born
Jan 23, 1962
Age
63
Source of Wealth
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
- 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.
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