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#82 Alisher Usmanov $14.2B

Random fact: Acquired the biggest private jet in Russia, an Airbus A340, in 2012.


Usmanov owns 48 percent of USM Holdings, a British Virgin Islands-based entity that controls Metalloinvest, Russia's largest iron ore producer, and mobile phone company MegaFon. He's also invested in Alibaba, Airbnb, JD.Com and Spotify, co-owns U.K. soccer team Arsenal and controls Kommersant, Russian business daily.

As of July 24, 2017:
Last change -$45.2M (-0.3%)
YTD change +$1.30B (+10.1%)
Industry Diversified
Biggest asset Cash
Citizenship Russian Federation
Age 63
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Alisher Usmanov's net worth of $14.2B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Usmanov's fortune is derived from his 48 percent stake USM Holdings, a British Virgin Islands-based investment company with interests in mining, technology and telecommunications. He sold 12 percent of USM back to the company in August 2014, for sale and distribution to managers.

USM controls half of publicly-traded MegaFon, a Russian mobile phone company. Usmanov began consolidating his control of MegaFon in April 2012, when he paid $3 billion to acquire stakes from billionaire Mikhail Fridman and Swedish telecommunications company TeliaSonera. He listed the business in London and Russia eight months later, selling no shares in the offering. He has pledged 56.1 percent of the holding to Sberbank as collateral for a line of credit, as Vedomosti daily reported in February 2017, citing disclosure documents.

The partnership has investments in DST technology funds, which has invested in Chinese technology companies Alibaba and, as well as closely held startups Airbnb and Spotify. The company announced in December 2016 that it would sell it's stake in Group to MegaFon, the deal was approved by board this January. Its stake in Alibaba was removed and entered as cash on Dec. 29, 2016 after Usmanov told Russian television that the stake had been sold. 

It also controls Russia's largest iron ore producer, Metalloinvest, according to its website, which was revalued in January 2016 when the value implied by the purchase of a 20 percent stake by Russia's VTB bank in 2011 was removed to reflect the decline in commodities prices.

Investments in Chinese smartphone vendor Xiaomi and Didi Kuaidi taxi booking service, as well as in Indian e-commerce firm Flipkart and taxi booking service Ola Cabs are not included in the assets breakdown because stakes in these companies aren't disclosed. 

Usmanov also controls media assets through Kommersant Holding, and a 30.05 percent stake in the Arsenal soccer team.


Birthdate: 9/9/1953
Family: Married, No children
Education: 1997, Financial Academy of Russian Government, Banking, Graduated 1976, Moscow State Institute of International Relations, Law, Bachelor's Degree

Alisher Usmanov was born in 1953 in Chust, Uzbekistan, then a Soviet republic in Central Asia. His father was a prosecutor in Tashkent, Uzbekistan. He graduated from Moscow State Institute of International Relations in 1976 and began working in various agencies of the Uzbek government. He later produced plastic bags at a manufacturing plant outside Moscow and traded wholesale tobacco.

In 1998, after five years at a Moscow investment firm, Usmanov was appointed first deputy CEO, and then CEO, of Gazprom investholding, an asset management unit of Gazprom, the world's largest gas producer and exporter. When he led the group, Usmanov worked closely with the company's new management team, which came to power under then-President Vladimir Putin. The team restored Russia's controlling stake in the company and reclaimed the assets that had been divested by the previous management team.

Usmanov built his metals and mining empire by acquisitions. By 2005, he and his partners controlled Lebedinsky GOK, Russia's third-largest iron ore producer, and a few smelters. That year, he teamed up with businessman Vasily Anisimov and took control of Mikhailovsky GOK, Russia's second-largest iron ore producer. The assets were later consolidated into Metalloinvest, which made it the largest iron ore producer in Russia.

Outside of metals, Usmanov began consolidating a stake in MegaFon, the second-biggest mobile phone operator in Russia by subscribers, in 2007. He later raised that stake to 31 percent and, in April 2012, increased his holding to 50 percent plus one share. That allowed him to consolidate ownership and control of the company. In July 2012, he merged his controlling stake in MegaFon with Russian broadband provider Scartel, forming Garsdale. He formed USM Holdings in December 2012, consolidating his assets into a three-way structure that included Ardavan Farhad Moshiri and Andrey Skoch, who controls the shares through his father, Vladimir. He sold 12 percent of USM back to the company in August 2014.

Usmanov is also an investor in the DST group of funds. DST had a 5.5 percent stake in Facebook, as of February 2012, as well as parts of Airbnb, Spotify and Alibaba.

  • 1953 Alisher Burkhanovich Usmanov is born in Chust, Uzbekistan.
  • 1976 Graduates from Moscow State Institute of International Relations.
  • 1998 Takes role as first deputy CEO of Gazprom investholding.
  • 2007 Invests in MegaFon; eventually raises stake to 31 percent.
  • 2008 Becomes majority shareholder in Digital Sky Technologies Fund.
  • 2012 After delays, MegaFon completes its IPO in London.
  • 2012 Establishes USM Holdings with billionaires Moshiri and Skoch.
  • 2014 Sells 12 percent of USM Holdings back to the company for about $2 billion.