Alisher Burkhanovich Usmanov’s net worth 2024: Alisher Usmanov is an Uzbek-born Russian billionaire and investor based in the UK. He is popular for owning Metalloinvest, Udokan Copper, and the co-owning MegaFon. He owns and runs several other companies. Are you curious to know more about Alisher Usmanov? Read on as we take you through Alisher Usmanov’s biography, age, height, family, house, cars, personal life, education, income, salary, earnings, and net worth. In addition, you’ll also know how Alisher Usmanov made his fortunes.
Alisher Usmanov’s Biography and Net Worth
|Alisher Burkhanovich Usmanov
|Date of Birth
|September 9, 1953
|1.75 m (5 ft. 9 in.)
|Source of Wealth
|Number of Children
Alisher Usmanov is a London-based Russian billionaire and investor with an estimated net worth of £10 billion. He has investments in diverse sectors including mining, ICT, Tech, and sports. Usmanov is the majority shareholder in the steel manufacturing company, Metalloinvest. He owns Udokan copper which develops one of the largest copper deposits in the world. In addition, Usmanov is a co-owner of MegaFon and also runs a number of companies in other countries too. Read on as we explore Alisher Usmanov’s early life, income, salary, earnings, investments, and net worth.
Early Life: Age, Parents, Siblings, and Family
Alisher Usmanov was born on September 9, 1953, in Chust, Uzbekistan. The names of his parents are not known but his father was a state prosecutor in Tashkent. he has two sisters. He grew up in Tashkent with his father and later moved to Moscow in his attempt to pursue a career as a diplomat.
He attended the Moscow State Institute of International Relations and graduated in 1976 with a degree in international law. After his graduation, Usmanov returned to Tashkent and was appointed director of the Foreign Economic Association of the Soviet Peace Committee.
Usmanov greatly enriched himself after the collapse of the Soviet Union. He began his journey to investment and wealth by setting up cooperative Agroplast which produced plastic bags. Plastic bags were scarce in the former Soviet Union so people washed and reused them.
Usmanov served the Russian government in different capacities. He worked as the Deputy General Director of Intercross JSC from 1990 to 1998. He also served as an Adviser to the General Director of Moscow Aviation Industrial Enterprise from 1994 to 1995. Usmanov was the General Director of Gazprom Invest Holdings, the investment-holding subsidiary of Russia’s state-owned gas company Gazprom. He left the company in 2014.
Usmanov has a major share in USM Holdings, a global conglomerate. Through USM, Usmanov owns diverse interests including stakes in iron ore and steel, media, tech, and internet companies.
In 1999, he and his business partner, Vasiliy Anisimov founded Metalloinvest. Usmanov built up Metalloinvest through a series of acquisitions without any loans. Metalloinvest has since grown to own and control a wide range of Russian metal and mining businesses including Lebedinsky GOK and Mikhailovsky GOK; Oskol Electrometallurgical Plant and Ural Steel steel mills and a ferrous scrap enterprise – Ural Scrap Company.
Usmanov has stakes in companies in several other countries. He has stakes in the Australia-based USM Holdings, MB Holding, Toronto, and Peru-based holding, Strike Resources.
In November 2015, USM invested US$100 million in the competitive video game esports team Virtus Pro.
Usmanov bought the Udokan license in 2008 and in 2020, he founded Udokan copper which develops one of the world’s largest copper deposits.
In 2008, Usmanov became a shareholder of VK with a 25.3% interest and a 60.6% voting interest. In 2013, he sold a $530 million stake and reduced his interests to 17.9 and 58.1%.
Usmanov also has investments in the telecommunication industry. He has a major stake in Russia’s second-largest mobile telephone operator, MegaFon as of 2022.
In 2009, Usmanov invested $200 million in Facebook for a 1.96% stake that valued Facebook at $10 billion. In 2012, Facebook’s IPO valued it several times greater and in selling his stake, Usmanov won around $1 billion on it.
Usmanov has made notable investments in other international technology companies, including Groupon, Zynga, Airbnb, ZocDoc, Alibaba, and 360buy through his holding company, Mail.Ru Group.
Investments in Sports
In 2007, Usmanov acquired a 14.58% stake in Arsenal FC for £75 million and sold his shares to Kroenke for £550m in 2018.
Usmanov invested in Everton FC through his holding company, USM in 2017. However, Everton suspended its association with USM and MegaFon due to the Russian invasion of Ukraine in 2022.
Usmanov is one of Vladimir Putin’s favorite oligarchs. Following the 2022 Russian invasion of Ukraine, the EU had all his assets frozen and imposed an EU-wide travel ban on him in February 2022. Similarly, the United States imposed a ban on him but with some exceptions for his companies.
Alisher Usmanov’s Houses, Yachts, and Cars
Alisher Usmanov bought the Grade I Tudor mansion Sutton Place in Surrey for £10 million in 2004. The mansion is set on 120 hectares (300 acres) of land.
In 2008, Usmanov bought Beechwood House, a Grade II listed Regency property in London for £48 million. He also owns a 12-hectare (30-acre) property in Moscow and a villa on the Italian island of Sardinia.
Usmanov has owned two luxury yachts named Dilbar. He sold one in 2018 to a middle-eastern buyer. The second one was seized in Germany on April 15, 2022, as part of the sanctions stemming from the 2022 Russian Invasion of Ukraine.
Personal Life: Wife, Children, and Religion
Usmanov is married to Irina Viner, a Jewish rhythmic gymnastics coach. The couple tied the knot in 1992. Usmanov has no biological children. He has a stepson with his wife. The stepson is a real estate investor. Usmanov’s religious belief is Islam.
Alisher Usmanov’s highly successful and philanthropic life has earned him a lot of recognition. He was awarded a Medal of Honor of Russia in 2004. In 2011, Usmanov received the Order of Friendship of the Republic of Kazakhstan and in 2013, he was awarded the Order for Service to the Fatherland IV class. He was decorated Order of Alexander Nevsky award in 2014. In 2018, he received the Order “For Merit to the Fatherland” 3rd class.
The 2022 Sunday Times Rich List named Alisher Usmanov as one of the richest people in the UK with a net worth of £8.31 billion.
Alisher Usmanov is also very philanthropic. In 2021, The Sunday Times named Usmanov the most generous philanthropist on its Rich List, donating more than £10 billion to charity personally and through his businesses.
In 2006, Usmanov founded the “Art, Science, and Sport” Charity Fund. He donated €1.5 million toward the restoration of Rome’s Basilica Ulpia in 2015.
On 4 December 2014, Usmanov paid $4.8m for Dr. James Watson’s Nobel Prize Medal in Physiology or Medicine, which was auctioned at Christie’s in New York City. Watson was selling his prize to raise money to support scientific research. Usmanov subsequently returned the medal to Watson, stating that the money spent on the medal should go to supporting scientific research, and the medal should stay with the person who deserved it.
Alisher Usmanov’s Net Worth
As of July 2022, Alisher Usmanov has an estimated net worth of £10 billion. Alisher Usmanov earns his wealth from his chain of businesses and investments.
Alisher Usmanov is a London-based Russian billionaire and investor with an estimated net worth of £10 billion. He is a majority shareholder in Metalloinvest and also owns Udokan copper which develops one of the largest copper deposits in the world. He does not have a biological child but has a stepson with his wife.