Billionaire Profile
Maxim Shubarev
Global Rank
#2947

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Maxim Shubarev

CEO, Setl Group
RUSSIA
Real-Time Net Worth
$1.159B
Estimated based on Setl Group stock value as of March 6, 2026
0% (24h)
Age
57
Source
Real Estate
Industry
real-estate
Citizenship
RUSSIA

Biography

Maxim Shubarev, a prominent figure in the Russian real estate sector, is the Chairman of the Board of Directors for Setl Group. With a net worth estimated at $0.5 billion, Shubarev's wealth stems from his successful ventures in real estate and construction. His career spans over three decades, marked by significant achievements in developing residential and commercial properties. Shubarev, born in 1968, is known for his leadership in Setl Group, one of the leading developers in St. Petersburg. His commitment to preserving historical architecture and his philanthropic initiatives further define his legacy.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Maxim Shubarev was born in Leningrad (now St. Petersburg) in 1968. His parents were engineers. During his youth, he displayed an interest in sports and considered a military career. He attended Leningrad Institute of Aviation Instrumentation in 1985, and also worked at a research-production association. Later, he served in the Soviet Navy from 1986 to 1989, an experience he credits with shaping his character.

Rise to Success

After military service, Shubarev pursued a degree in Economics and Management at the Leningrad Polytechnic Institute, graduating in 1993. In 1994, he founded Petersburg Real Estate. In 1995, the company completed its first project. In 1999, he transformed the company into a corporation. In 2006, the company was renamed Setl Group, which is now a leading developer in the St. Petersburg area. Under his leadership, Setl Group has built more than 11 million square meters of housing and has been recognized for its commitment to quality and community building.

Key Business Strategies

Setl Group, under Shubarev's guidance, has focused on constructing residential properties. The company prioritizes quality and the timely completion of projects, ensuring its projects adhere to a high standard. Setl Group has a large land bank, allowing it to continue building through 2050. Shubarev emphasizes a strategy of sustainable growth, and the company is involved in community development through new infrastructures.

Philanthropy

Maxim Shubarev believes in corporate social responsibility and actively supports various charitable initiatives. Setl Group has been involved in the renovation of schools and medical institutions, and has contributed to book publishing. Additionally, the group has provided support to cultural and sports events. The company also supports orphanages and animal shelters.

Career Milestones

1985

Began working at NPO Leninets

Worked as a radio equipment fitter.

1993

Graduated from Leningrad Polytechnic Institute

Earned a degree in Economics and Management.

1994

Founded Petersburg Real Estate

Served as the general director.

1995

Completed the first project

Completed the construction of an apartment building.

1999

Transformed company into a corporation

Became President.

2006

Setl Group established

Became Chairman of the Board of Directors.

Philanthropy & Social Impact

Education

Support for Educational Institutions

$XB

Renovated and supplied schools with furniture and technological supplies.

Healthcare

Support for Medical Institutions

$XB

Provided necessary funds and equipment.

Animal Welfare

Support for Animal Shelters

$XB

Provided food and medicines to animal shelters.

Business Philosophy & Leadership

Notable Quotes

"Maxim Shubarev believes the social mission of his business is of the utmost importance."

Leadership Principles

Commitment to Quality

Striving for the highest quality at all stages of construction.

Community Focus

Creating new infrastructure, roads, and schools, and the preservation of historical monuments.