A zoom lens system includes a positive first lens group, a negative second lens group, a positive third lens group, and a positive fourth lens group, in this order from an object. Upon zooming from the short focal length extremity to the long focal length extremity, the distance between the first and the second lens groups increases, and the distance between the second and the third lens groups decreases. The third lens group includes a positive first sub-lens group and a negative second sub-lens group, in this order from the object. The first sub-lens group comprises a positive lens element provided at the most object-side thereof and a cemented lens provided at the most image-side thereof. The cemented lens includes a positive lens element and a negative lens element, in this order from the object.