What is Alisher Usmanov Net Worth 2024: Sources of Wealth, Income/Salary & More

What is Alisher Usmanov Net Worth 2024 Sources of Wealth, IncomeSalary & More

Curious about Alisher Usmanov net worth as of 2024? This article provides a detailed look at the financial standing of one of the world’s wealthiest individuals. From his major investments to recent market activities, gain a comprehensive understanding of Usmanov’s financial empire.

Quick Facts

Real NameAlisher Burkhanovich Usmanov
Popular NameAlisher Usmanov
Birth DateSeptember 9, 1953
ParentsBourkhan Usmanov, Dilbar Usmanova
SiblingsBakhodir Usmanov, Saodat Narzieva
BirthplaceChust, Uzbekistan
Education Financial University under the Government of the Russian Federation (1997), Moscow State Institute of International Relations
Marital StatusDivorced
Sexual OrientationStraight
Wife/SpouseIrina Viner (ex-wife)
ChildrenAnton Viner (Adopted Son)
Net WorthEstimated $13.6 Billion (2024)
Source of WealthMetalloinvest, MegaFon, Investments
Height1.75 m

What is the Net Worth Of Alisher Usmanov in 2024?

What is the Net Worth Of Alisher Usmanov in 2024

As of 2024, Alisher Usmanov boasts an estimated net worth of $13.6 billion. This places him among the wealthiest individuals. He is slightly behind peers like Mikhail Fridman with $13.3 billion. Industry giants like Jensen Huang and Michael Bloomberg are higher, with $106.6 billion and $106.2 billion respectively.

Usmanov’s portfolio, in Metalloinvest and MegaFon, underscores his status among the Top Telecom Industry Billionaires. His wealth is a testament to his strategic investments and acumen.

Alisher Usmanov Finance Overview

Alisher Usmanov's FInance Overview

Primary Sources of Wealth

Metalloinvest, a cornerstone of Alisher Usmanov‘s empire, is a major player in iron ore and steel. Usmanov’s 49% stake in Metalloinvest is pivotal.

The company has grown significantly, contributing immensely to his net worth. The robust performance of the company showcases Usmanov’s strategic foresight in choosing high-yield investments.

MegaFon, another significant venture, reflects Usmanov’s acumen in telecom. Acquiring MegaFon for $3 billion, he steered the company towards growth. MegaFon is Russia’s second-largest mobile operator. His investments in this industry have diversified his portfolio and solidified his standing among top telecom billionaires.

Significant Business Ventures and Investments

Usmanov’s financial journey is marked by strategic investments in high-growth sectors. Gazprom Investholding, where he served as chairman from 2000 to 2014, was key. This role enhanced his reputation as a savvy strategist.

In the tech sector, Usmanov’s early investments in Facebook and companies like Xiaomi and Alibaba yielded returns. His $200 million investment in Facebook in 2009 reaped approximately $1 billion when sold in 2012. These ventures highlight his ability to capitalize on emerging opportunities.

Early Ventures and Initial Wealth Accumulation

Before the Soviet Union’s collapse, Usmanov made his initial fortune with Agroplast, a company producing plastic bags. This venture was profitable when such commodities were scarce. This early success laid the foundation for his future investments.

Usmanov’s role in Intercross JSC and Interfin Interbank Investment and Finance Company in the early 1990s furthered his expertise. These roles allowed him to gain valuable experience in finance and investment.

Real Estate and Luxury Assets

Usmanov’s wealth is also evident in his luxury assets. His acquisition of luxury yachts, notably Dilbar, underscores his lifestyle. The first Dilbar was bought for $250 million. The second cost a staggering $800 million. These yachts symbolize his success and tastes.

In addition to maritime assets, Usmanov owns significant real estate, including properties in Sardinia. One of his villas was seized by Italian police in March 2022 due to EU sanctions after the Russian invasion of Ukraine.

He also owned an £82m London home and a mansion in Surrey, which were transferred into irrevocable trusts in 2006. These high-value properties add to his portfolio’s diversity.

Philanthropic Activities and Financial Implications

Usmanov is also known for his philanthropy. In 2021, he was named the most generous ‘Rich List’ philanthropist by The Sunday Times for donating more than £4 billion to charity over the past two decades. The Russian version of Forbes named him Philanthropist of the Year in 2012.

His Art, Science and Sport Charity Fund, established in 2006, supports cultural, educational, and sports initiatives. These contributions have benefited society and bolstered his image.

Usmanov has served as a trustee for various institutions, including the National Research University Higher School of Economics, Russian Geographical Society, European University at St Petersburg, and Moscow State Institute of International Relations.

He has been honored with awards, including the Medal of Honor of Russia (2004), Order of Friendship of the Republic of Kazakhstan (2011), and Order for Service to the Fatherland IV class (2013).

Legal Issues and Their Financial Impact

Usmanov’s legal troubles, including a fraud conviction in the 1980s, had financial implications. The overturning of his conviction in 2000 allowed him to rebuild and expand his empire. More recently, sanctions following the 2022 Russian invasion of Ukraine have affected his assets, showcasing the impact of legal and political issues on his finances.

FAQs about Alisher Usmanov

FAQs about Alisher Usmanov

Who is Alisher Usmanov?

Alisher Usmanov is a prominent Russian businessman and oligarch known for his vast investments across diverse industries, including mining, telecommunications, and media.

What industries is Usmanov involved in?

Usmanov has investments in mining, telecommunications, media, and technology, showcasing his diverse business portfolio.

What role did Usmanov play in Metalloinvest?

Usmanov co-founded and developed Metalloinvest, a leading Russian mining and metallurgical company, contributing significantly to his wealth.

How did Usmanov contribute to sports?

Usmanov is a major supporter of sports, notably as a former shareholder in Arsenal FC and a significant sponsor of international fencing.

Has Usmanov faced any legal issues?

Usmanov was convicted of fraud and embezzlement in the 1980s but was later pardoned and had his conviction overturned.

What is Usmanov’s relationship with the Russian government?

Usmanov maintains close ties with the Russian government and is often seen as an influential figure within Russian political and economic circles.

What philanthropic efforts is Usmanov known for?

Usmanov is a notable philanthropist, contributing to cultural projects, sports, education, and social welfare programs.

How did Usmanov impact the tech industry?

Usmanov significantly impacted the tech industry through his investments in companies like Mail.ru and Alibaba Group.


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