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Boris Zingarevich

Boris Zingarevich

B. Zingarevich
0.02% | + $0.45M
$2.15 B ₹ 19,516 Cr
Real Time Net Worth #1932 Ranking as of 21 Feb 2026 By Forbes

More on Boris Zingarevich

Gender

Male

Age

66Y

Country

Russia

Born On

July, 1959

Deceased

No

Relationship Status

Married

Children

2

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Timber)

Primary Organization

Ilim Group

Titles

Co-Founder & Board Member

Sources of Wealth

Ilim Group

Industry

Manufacturing, Timber, Pulp & Paper

About Boris Zingarevich


B oris Zingarevich is a Russian billionaire who co-founded and controls Ilim Group, one of Russia's largest timber and pulp and paper companies. He began his business career in the late 1980s with his brother, Mikhail, and longtime business partner, Zakhar Smushkin. They started by trading various goods before focusing on the timber industry during the post-Soviet privatization boom.

Through a series of acquisitions, often complex and contentious, they consolidated control over a number of major pulp and paper mills, creating the Ilim Pulp Enterprise. A key strategic move came in 2007 when they formed a 50/50 joint venture with the American paper giant International Paper, which brought in capital and international expertise, creating the modern Ilim Group. The company is now a dominant force in the Russian forestry sector, with vast timber leases and massive production facilities. Zingarevich's fortune is derived from his large stake in this powerful pulp and paper enterprise.

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Quick Reads


  • Co-founder and shareholder of Ilim Group, a major Russian pulp and paper company.
  • Built the company by consolidating timber assets during the 1990s.
  • His longtime business partners are his brother Mikhail and Zakhar Smushkin.
  • In 2007, they formed a major joint venture with U.S.-based International Paper.
  • Ilim Group is the largest producer of pulp and paper in Russia.

Early Life and Background


Boris Zingarevich is a Russian billionaire businessman whose fortune is rooted in the massive privatization and consolidation of Russia's pulp and paper industry. His career is closely intertwined with that of his twin brother, Mikhail Zingarevich, and their long-time business partner, Zakhar Smushkin, with whom they co-founded the Ilim Group.

Zingarevich's background is in engineering and technology, providing him with the practical, hands-on knowledge necessary to manage a capital-intensive industry like pulp and paper manufacturing. His entrepreneurial journey began in the turbulent early 1990s, when the privatization of state-owned enterprises offered immense opportunities for those with the foresight and capital to consolidate distressed assets into a modern industrial holding.

Career Journey of Boris Zingarevich


Boris Zingarevich co-founded the Ilim Group in 1992. The company's strategy was built on the ambitious consolidation of numerous, large Soviet-era pulp and paper mills and timber assets, particularly in Russia's northwest regions. This systematic acquisition process transformed Ilim into Russia's largest pulp and paper producer and one of the world's leading vertically integrated forestry companies.

The pivotal moment in Ilim's growth was securing a major strategic international partnership. In the mid-2000s, Ilim Group formed a joint venture with International Paper (IP), the largest paper and packaging company in the world. This partnership provided Ilim with crucial investment, technological know-how, and global market access, cementing its stability and its dominance in the international pulp and paper market. Zingarevich's role has been executive and strategic, guiding the company's long-term operational efficiency and maintaining its position as a major global exporter of lumber and pulp products.

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Boris Zingarevich's Timeline


1992:

Co-founds the Ilim Group with his brother Mikhail Zingarevich and partner Zakhar Smushkin (Founding).

Mid-1990s:

Leads the aggressive consolidation of Russia's large Soviet-era pulp and paper mills (Industrial Consolidation).

2000s:

The Ilim Group becomes the country's largest pulp and paper producer (Market Domination).

Mid-2000s:

Ilim Group forms a major joint venture with International Paper (IP) (Strategic Partnership).

Ongoing:

Continues to serve as a key shareholder and guiding force of the Ilim Group (Executive Leadership).

Major Business Ventures and Investments


Boris Zingarevich's wealth is concentrated in his family's controlling stake in the private industrial giant, the Ilim Group, and its core asset portfolio.

  • Ilim Group (Co-founder & Shareholder): The core asset, Russia's largest pulp and paper producer. The company operates massive mills and timber harvesting operations, generating immense revenue from global exports of pulp, paper, and containerboard.
  • International Paper Joint Venture: The strategic partnership with IP provides a strong, stable financial and operational structure for the core business.
  • Real Estate and Diversification: The Zingarevich family is also involved in real estate development and private investment, providing diversification outside of the core industrial sector.

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Philanthropy and Social Impact


Boris Zingarevich's social impact is structural, stemming from the Ilim Group's role as a massive employer in Russia's forestry and industrial regions, providing stable, high-value jobs in areas with limited economic alternatives. The company's commitment to modernization and sustainable forestry practices, necessary for its international joint venture with International Paper, ensures a measure of environmental responsibility.

His philanthropy often supports community development and social services in the towns surrounding the Ilim Group's main industrial facilities, reflecting a commitment to the welfare of its workforce and operating regions.

Fashion, Style, and Lifestyle


Boris Zingarevich maintains the reserved, powerful style of a Russian industrial oligarch. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of stable, disciplined authority, reflecting the capital-intensive and long-term nature of the pulp and paper industry.

His luxury is the immense security of a fortune rooted in a critical commodity and the autonomy provided by the successful joint venture with International Paper. His life is defined by the high-stakes management of massive physical industrial assets and his commitment to the generational wealth created by his family's successful privatization and consolidation strategy.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He and his twin brother, Mikhail Zingarevich, co-founded the Ilim Group.
  • Ilim Group is Russia's largest pulp and paper producer.
  • The company formed a major joint venture with International Paper (IP), the world's largest paper company.
  • His brother, Mikhail, shares the family's equity stake.
  • The company's fortune was built on the privatization of large Soviet-era pulp and paper mills.
  • The Ilim Group controls a massive amount of Russian timber and forestry assets.
  • The successful strategic partnership with IP ensured global market access and stability.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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