Billionaire Profile
Albert Shigaboutdinov
Global Rank
#1906

Image: Public domain | via Wikimedia Commons

Albert Shigaboutdinov

CEO, TAIF Group
RU
Real-Time Net Worth
$2B
As of December 2025
Age
73
Source
Refinery, chemicals
Industry
energy
Citizenship
RU

Biography

Albert Shigaboutdinov, a prominent figure in the Russian business world, is a self-made billionaire with a net worth of $2.0 billion as of December 4, 2025. His wealth stems primarily from his involvement in the refinery and chemicals industries. Shigaboutdinov's career includes a long tenure at the TAIF Group, a major regional holding company, where he served as a co-owner for years. His leadership was instrumental in the company's growth and diversification. Shigaboutdinov's achievements include leading TAIF to become a leading petrochemical company in Tatarstan and the successful merger with Sibur, a leading petrochemical company. He is married with two children.

Wealth Over Time

In-Depth Profile

Early Life and Career

Albert Shigaboutdinov was born on November 12, 1952. He began his career in the early 1990s, a period of significant economic and political change in Russia. He headed the foreign trade NGO "Kazan," which provided goods to the Republic of Tatarstan during a time of shortages. This experience led him to found the TAIF Group, marking a significant decision to start his own company.

Rise to Success

The main focus of TAIF was the petrochemical and oil refining industries. Under Shigaboutdinov's leadership, TAIF grew into a large, diversified holding company. The company played a crucial role in the development of Tatarstan's economy, achieving significant success both nationally and internationally. TAIF's success was particularly notable during Russia's privatization period in the mid-1990s, when it became a major shareholder in numerous companies. A pivotal moment in his career was the merger of TAIF with Sibur in 2021.

Key Business Strategies

Shigaboutdinov's business strategies involved a focus on the petrochemical and oil refining sectors. The TAIF Group expanded through strategic investments and by acquiring shares in key companies during the privatization of the Russian economy. His leadership was characterized by his commitment to innovation, organizational skills, and his dedication to the development of the domestic market economy.

Philanthropy

Information on Albert Shigaboutdinov's specific philanthropic activities and amounts is unavailable in the search results.

Career Milestones

1990s

Founded TAIF Group

Established the TAIF Group, a key step in the petrochemical and oil refining industries in Tatarstan.

2021

TAIF Merger with Sibur

TAIF merged with Sibur, one of the largest petrochemical companies, where Shigaboutdinov joined the board of directors.

Business Philosophy & Leadership

Notable Quotes

"The merger of TAIF with SIBUR will allow the new company to take a leading position in the global market, enter the top 5 world leaders in the production of petrochemical products."

Controversies & Challenges

2025

Sanctions by UK

Sanctioned by the UK government for involvement in supporting the Russian government and its military efforts.