Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1672
    +0.0016 (+0.13%)
     

  • GBP/USD

    1.2480
    -0.0030 (-0.24%)
     

  • Bitcoin GBP

    50,882.93
    -390.82 (-0.76%)
     

  • CMC Crypto 200

    1,322.53
    -74.01 (-5.30%)
     

  • S&P 500

    5,102.58
    +54.16 (+1.07%)
     

  • DOW

    38,251.51
    +165.71 (+0.44%)
     

  • CRUDE OIL

    84.07
    +0.50 (+0.60%)
     

  • GOLD FUTURES

    2,348.20
    +5.70 (+0.24%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Billionaire Usmanov remains Russia's richest tycoon - Forbes

Reuters - UK Focus

MOSCOW, April 17 (Reuters) - Alisher Usmanov is Russia's richest tycoon for the third year in a row, with wealth of $18.6 billion, after selling his stake in the social media website Facebook (NasdaqGS: FB - news) , according to the latest report by the U.S. magazine Forbes.

Usmanov is a co-owner of Russia's largest iron ore miner, Metalloinvest, and the country's number-two mobile operator, MegaFon (MCX: MFON.ME - news) . He also owns stakes in the Russian internet group Mail.Ru and the British Premier League football club Arsenal.

His worth rose $1 billion from his previous rating after the sale of his and his partners' stake in Facebook for $2.5 billion, according to Forbes. http://www.forbes.ru/profile/alisher-usmanov

Mikhail Fridman, the co-owner of Alfa Bank and telecoms operator Vimpelcom (NasdaqGS: VIP - news) , is still Russia's second-richest tycoon, worth $17.6 billion, up $1.1 billion. The third richest, Viktor Vekselberg, who made his money in metals and energy, rose from fourth place with a worth of $17.2 billion, up $2.1 billion year-on-year.

ADVERTISEMENT

For the first time in the rating's history, tycoon-turned-politician Mikhail Prokhorov, who owns the Brooklyn Nets basketball team and a stake in the world's largest potash producer, Uralkali, was not included into the top 10. His wealth fell $2.1 billion to $10.9 billion.

Consumer-oriented businessmen rose on the list, in step with the growth of Russia's middle class. Entrepreneur Oleg Tinkov, who founded and owns a majority take in the consumer-credit firm TCS, climbed 76 places to 75th place after taking his company public in October 2013. [ID nL1N0JO09G] His wealth was listed as $1.4 billion.

Arkady Volozh, founder and chief executive of Russia's largest search engine, Yandex (Frankfurt: A1JGSL - news) , rose 34 spots to 60th place after the company's share price doubled. Yandex raised $1.4 billion in an initial public offering in New York (Frankfurt: HX6.F - news) in 2011. (Reporting by Polina Devitt and Megan Davies; Editing by Larry King)