NetWorth
LeaderPortfolio
Shubarev
Maxim Shubarev
Rank #3090
RUSSIA•real-estate•Real Estate

Maxim Shubarev

Net Worth
$1.159B
0% (24h)
Maxim Shubarev is a prominent Russian real estate developer and businessman, currently ranked #3017 on Forbes' 2026 Billionaires list, with a net worth of $1.2 billion as of March 24, 2026. He is the founder and Chairman of the Board of Directors of Setl Group, one of the largest construction and real estate development companies in St. Petersburg and Northwestern Russia. Shubarev's career began in radio equipment assembly before transitioning to real estate, where he has built a significant business through strategic development and construction. Setl Group has built around 350 apartment buildings. Known for his commitment to preserving historical buildings and contributing to the city's infrastructure and community, Shubarev also actively participates in philanthropy.

How to read Maxim Shubarev's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Maxim Shubarev, we anchor the narrative to Setl Group and Real Estate, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.159B alongside global rank #3090, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (RUSSIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Maxim Valerievich Shubarev was born in Leningrad (now St. Petersburg) in 1968 to an engineering family. His father was an engineer and later became the CEO of a major radio-electronics enterprise, while his mother worked at a shipbuilding plant. During his youth, Shubarev was involved in sports, including wrestling and rowing. He graduated from high school in 1985 and initially worked at the NPO Leninets assembling radio equipment. He served in the Soviet Navy from 1986 to 1989, an experience he credits with instilling discipline and resilience.

Rise to Success

After his military service, Shubarev pursued higher education at the Leningrad Polytechnic Institute, where he earned a degree in economics and management. He founded Petersburg Real Estate in 1994 and has been in the real estate development business since then. In 2006, the company was rebranded and renamed Setl Group. Under his leadership, Setl Group has grown to become a leading real estate developer in St. Petersburg, constructing residential properties and developing infrastructure, while also focusing on restoring historical buildings and supporting charitable initiatives.

Key Business Strategies

Shubarev's business strategy emphasizes a commitment to quality and social responsibility. Setl Group focuses on long-term investment in real estate and infrastructure, contributing to the growth of Russian cities. The company adheres to principles of fair business relations and prioritizes fulfilling obligations to partners and customers. Setl Group also values environmentally friendly practices, using advanced technologies to reduce energy and water consumption. Furthermore, the company focuses on in-house talent development rather than headhunting from competitors.

Philanthropy

Maxim Shubarev is actively involved in philanthropic activities. Setl Group supports numerous cultural and sports initiatives and has been recognized for its charitable work. The company donates funds to medical and sports institutions, schools, and orphanages. Setl Group also supports animal shelters and has been involved in projects to help children and veterans.

Career Timeline

2006

Setl Group Rebranding

Petersburg Real Estate rebranded to Setl Group.

1994

Founded Petersburg Real Estate

Established Petersburg Real Estate, which later became Setl Group.

1985

Began Working

Began working at NPO Leninets as a radio equipment fitter.

Philanthropic Impact

Social Welfare$1M+

Support for Orphanages

Setl Group allocated over 1 million rubles towards a supervised apartment for orphans.

Animal WelfareUndisclosed

Support for Animal Shelters

The Group regularly provides support and funding to animal shelters, providing food, medicines, and supplies.

HealthcareUndisclosed

Medical Institution Support

Setl Group provides financial support to medical and sports institutions.

Key Business Ventures & Holdings

CompanyStakeValue
Setl Group70.00%—

Net Worth History

In-Depth Analysis

Early Life

Maxim Valerievich Shubarev was born in Leningrad (now St. Petersburg) in 1968 to an engineering family. His father was an engineer and later became the CEO of a major radio-electronics enterprise, while his mother worked at a shipbuilding plant. During his youth, Shubarev was involved in sports, including wrestling and rowing. He graduated from high school in 1985 and initially worked at the NPO Leninets assembling radio equipment. He served in the Soviet Navy from 1986 to 1989, an experience he credits with instilling discipline and resilience.

Rise to Success

After his military service, Shubarev pursued higher education at the Leningrad Polytechnic Institute, where he earned a degree in economics and management. He founded Petersburg Real Estate in 1994 and has been in the real estate development business since then. In 2006, the company was rebranded and renamed Setl Group. Under his leadership, Setl Group has grown to become a leading real estate developer in St. Petersburg, constructing residential properties and developing infrastructure, while also focusing on restoring historical buildings and supporting charitable initiatives.

Key Business Strategies

Shubarev's business strategy emphasizes a commitment to quality and social responsibility. Setl Group focuses on long-term investment in real estate and infrastructure, contributing to the growth of Russian cities. The company adheres to principles of fair business relations and prioritizes fulfilling obligations to partners and customers. Setl Group also values environmentally friendly practices, using advanced technologies to reduce energy and water consumption. Furthermore, the company focuses on in-house talent development rather than headhunting from competitors.

Philanthropy

Maxim Shubarev is actively involved in philanthropic activities. Setl Group supports numerous cultural and sports initiatives and has been recognized for its charitable work. The company donates funds to medical and sports institutions, schools, and orphanages. Setl Group also supports animal shelters and has been involved in projects to help children and veterans.

Data Sources & Methodology

Figures for Maxim Shubarev are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

You may also like

HubAll BillionairesHubGlobal RankingsHubNewsroom