Setl Group

Setl Group operates as a prominent real-estate developer, primarily constructing residential properties. The company's revenue streams derive from the sale of apartments, commercial spaces, and parking facilities within its developments. Beyond construction, Setl Group also engages in real-estate brokerage, property management, and the production of building materials, diversifying its income streams within the property sector. Its primary market is St. Petersburg, Russia, where its headquarters are located, with additional projects in other regions of Russia.

The fortunes of Maxim Shubarev are directly linked to Setl Group, as he is the owner of this extensive real-estate enterprise. His wealth reflects the company’s success in developing and selling property, the value of its land bank, and the ongoing profitability of its various real-estate services. As Setl Group continues to build and market its projects, Shubarev's net worth fluctuates in correlation with the company's performance and the broader real-estate market conditions in Russia.