Usmanov is chief executive officer of Gazprominvestholding. His fortune stems
from holdings in mining (Metalloinvest, Russia's largest iron ore producer), technology (Facebook, Twitter, Alibaba, Zynga and Groupon through Digital Sky Technologies and Mail.ru) and telecommunications (MegaFon). He also co-owns U.K. soccer team Arsenal.
Russia’s Ekho Moskvy radio station, which gives a platform to critics of the government, said it faces a threat to editorial independence as its state-controlled majority owner moved to replace the company’s chief executive.
Beijing Jingdong Trading Co., the Chinese online retailer backed by Saudi Prince Alwaleed bin Talal, plans to raise about $2 billion in an initial public offering in the second half, three people with knowledge of the matter said.
Russian billionaire Alisher Usmanov, Arsenal’s second-largest stockholder, spent 952,000 pounds ($1.5 million) to buy 68 more shares in the North London-based soccer team and edge closer to a 30 percent holding.