Billionaire Profile
Zakhar Smushkin
Global Rank
#1688

Image: Public domain | via Wikimedia Commons

Zakhar Smushkin

CEO, Ilim Group
RU
Real-Time Net Worth
$2.1B
As of December 2025
Age
63
Source
Pulp and paper, diversified
Industry
diversified
Citizenship
RU

Biography

Zakhar Smushkin, a prominent Russian businessman, is ranked #1688 on Forbes' 2025 Billionaires list. His wealth stems from his involvement in the Pulp and paper, diversified industries. Smushkin, a self-made entrepreneur, is the Chairman of the Board of Directors of Ilim Group, the largest company in the Russian pulp and paper industry. His career began in the early 1990s and involved barter trading, culminating in the founding of Ilim Pulp Enterprise in 1992. His achievements include building Ilim Group into a leading industry player and overseeing the company's expansion and strategic partnerships.

Wealth Over Time

In-Depth Profile

Early Life

Zakhar Davidovich Smushkin was born in Leningrad (now St. Petersburg) in January 1962. His entire life has been connected with this city. He graduated from the Leningrad Technological Institute of the Pulp and Paper Industry in 1984 with a Master of Science degree, and later pursued postgraduate studies.

Rise to Success

Smushkin's career began with work at the Hydrolizprom Scientific and Production Association. In 1990, he became head of the technical department of the Swedish-Soviet company Technoferm-Engineering. In 1992, together with Boris and Mikhail Zingarevich, Smushkin founded Ilim Pulp Enterprise CJSC (later Ilim Group). The company initially focused on exporting paper products, but Smushkin and his partners soon shifted their focus to manufacturing.

Key Business Strategies

A key strategy was acquiring and developing pulp and paper mills. A significant milestone was the joint venture with International Paper in 2007. International Paper purchased 50% of Ilim Group. In 2023, International Paper sold its 50% interest in Ilim Group to the Russian partners. This strategic move strengthened Ilim Group's position in the market.

Philanthropy

Smushkin established the Ilim-Garant Foundation, which has implemented many charitable projects.

Career Milestones

1990

Head of Technical Department

Appointed head of the technical department at Technoferm-Engineering.

1992

Founder of Ilim Pulp Enterprise

Co-founded Ilim Pulp Enterprise CJSC (later Ilim Group) with Boris and Mikhail Zingarevich.

2007

Chairman of the Board of Directors of Ilim Group

Transitioned to the position of Chairman of the Board of Directors of Ilim Group.

Philanthropy & Social Impact

Charity

Ilim-Garant Foundation

$XB

Implements charitable projects