Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#429 Yuri Milner $4.43B

Random fact: Has 50 flat-screen TVs in his home linked up to the Kepler space telescope.


Milner is the general partner of DST Global, a group of investment funds. DST's Internet investments include Facebook, Flipkart, Ola Cabs and Alibaba. Milner also has stakes in Chinese online retailer, China's largest smartphone vendor Xiaomi, and Europe’s largest online fashion retailer, Zalando.

As of July 20, 2017:
Last change +$23.4M (+0.5%)
YTD change +$1.13B (+34.2%)
Industry Technology
Biggest asset FB US Equity
Citizenship Russian Federation
Age 55
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Yuri Milner's net worth of $4.43B 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

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Milner's fortune is derived from his stakes in publicly traded Internet companies Facebook, Alibaba, and Zalando, and closely held Flipkart, Ola Cabs, Farfetch, Spotify and Airbnb. He also has a 1.6 percent interest in China's smartphone vendor Xiaomi. He holds these stakes through a series of DST Global investment funds he founded. The management company of these funds is controlled by the billionaire.

Milner has a 15 percent interest in the DST funds which, in May 2012, collected about $1.7 billion selling 45.6 million Facebook shares in the company's initial public offering. Milner's interest was valued at $222 million, according to a person familiar with his holdings who asked not to be identified because the information is private. His current stake in Facebook is 0.39 percent, according to data compiled by Bloomberg.

He also had stake in, the largest Russian-language Internet company, which he acquired in 1999. Milner became CEO of in 2001 and received about $182 million from selling shares in the company's 2010 initial public offering and in a subsequent share sale the following year.

His property holdings include a $100 million home in the hills of Los Altos, California, which he purchased in 2011.

The value of his cash investments is based on proceeds from stock sales of, Facebook, LinkedIn, Zynga, Twitter and Groupon, and an analysis of taxes, investments and market performance.


Birthdate: 11/11/1961
Family: Married, 2 children
Education: 1990-1992, MBA, Wharton School of The University of Pennsylvania 1985, Bachelor's Degree, Moscow State University

Yuri Milner was born in Moscow in 1961. His father was deputy head of the Economics Institute of the Russian Academy of Science; his mother worked as a researcher at a government laboratory for disease control. After graduating from Moscow State University in 1985 with a degree in theoretical physics, Milner began working as a researcher at a Moscow physics institute.

Disappointed with physics, Milner went to the U.S. and, in 1990, enrolled at the University of Pennsylvania's Wharton School of Business, where he studied finance but did not earn an MBA. After leaving Wharton, he began working at the World Bank in Washington, D.C., focusing on the development of Russia's financial industry.

He returned to Russia in 1995 to run the Alliance-Menatep investment brokerage, which was owned by Yukos Oil founder Mikhail Khodorkovsky, Russia's richest person before he was imprisoned for fraud in 2003. Milner became vice president at the Menatep Bank in 1996, eventually rising to deputy chairman. After a failed takeover of a Russian candy company, he turned his sights on a pasta factory. With Russia's economy in a shambles, he reasoned that no one would be buying staples from the outside, which proved true.

Returns from his macaroni business helped finance Milner's dotcom investments. He teamed up with Gregory Finger to form NetBridge, an investment fund, to back Russian Web portal and the online auction website, among others. Milner and Finger merged the fund with, which later became the leading Russian-language Internet company, and raised almost $1 billion in a public offering. They started Digital Sky Technologies in 2005 along Mikhail Vinchel and three years later sold an 80 percent stake to Russia's billionaire Alisher Usmanov.

Milner met Facebook founder Mark Zuckerberg in Silicon Valley in 2009, and soon after invested in the social networking site without voting rights or board representation, an approach that would come to be termed a "DST Deal." Milner also backed Zynga and Groupon.

  • 1990 Enrolls in the MBA program at the Wharton School of Business.
  • 1999 Creates NetBridge Internet fund with partner Gregory Finger.
  • 2005 Forms Digital Sky Technologies with two partners.
  • 2008 Billionaire Alisher Usmanov becomes DST shareholder.
  • 2009 Investment fund buys 1.96 percent of Facebook for $200 million.
  • 2010 raises $912 million in its IPO in London.
  • 2015 Pledges $100 million to seek alien civilizations.