In November 1993, Medvedev became the legal affairs director of Ilim Pulp Enterprise (ILP), a St. Petersburg-based timber company. Medvedev aided the company in developing a strategy as the firm launched a significant expansion. Medvedev received 20% of the company's stock. In the next seven years Ilim Pulp Enterprise became Russia's largest lumber company with an annual revenue of around $500 million. Medvedev sold his shares in ILP in 1999. He then took his first job at the central government of Russia. The profits realised by Medvedev are unknown.[12]