Radik Shaimiev co-owns the TAIF Group, a large regional holding company with assets in the Republic of Tatarstan. The company includes oil refineries, two gas station chains, chemical factories, power plants and construction companies. TAIF became a shareholder in most of its companies during Russia's privatization in the mid '90s. Radik's father, Mintimer Shaimiev, was Tatarstan's first president and his brother, Airat Shaimiev, is a fellow billionaire. Kamilya, Radik's daughter, worked as a business analyst and project manager at billionaire Vladimir Yevtushenkov's publicly traded holding company AFK Sistema. She has a minor stake in TAIF. In 2013 she was elected to the board but stepped down the following year.