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.
OAO Mobile TeleSystems, Russia’s largest wireless operator, is studying an acquisition of pay-TV and Internet provider Akado to expand in the broadband business in the Moscow region, a person familiar with the matter said.
OAO MegaFon, Russia’s second-largest mobile operator by revenue, overtook bigger rival OAO Mobile TeleSystems by market value after pledging to pay $1.3 billion in dividends and beating analysts’ earnings estimates.
Alisher Usmanov, Russia’s richest person, moved control of most of his $20 billion fortune last year to a holding company based in the British Virgin Islands, a collection of more than 60 isles 5,600 miles away from Moscow.
Alisher Usmanov, the Russian billionaire who made a more than 10-fold return from his investment in Facebook Inc., said he recently spent about $100 million buying Apple Inc. shares in anticipation they will rise.