Net Worth 2020 $ 15.9 Billion
Usmanov built his wealth through metal and mining operations, and investments, and is the majority shareholder of Metalloinvest, a Russian industrial conglomerate, which consolidated in 2006 JSC Metalloinvest’s assets (the Mikhailovsky GOK and the Ural Steel) with those of Gazmetall JSC (the Lebedinsky GOK and the Oskol Electrometallurgical Plant).
He owns the Kommersant publishing house. He is also a co‑owner of Russia’s second-largest mobile telephone operator, MegaFon, and co-owner of the Mail.Ru group, the largest internet company in the Russian-speaking world, which owns stakes in popular web portals like Odnoklassniki, VKontakte and others. Usmanov is the largest investor of Digital Sky Technologies (“DST”) funds, and holds shares in a number of international technology companies. Usmanov eventually teamed up with Yuri Milner.
He is also the president of the FIE, the international governing body of fencing, and he has invested in fencing programs and fencing development around the globe.
In February 2008, his Metalloinvest also became sponsor of Dinamo Moscow, a football team in Russia’s capital. His Metalloinvest group’s name replaced the Xerox Corporation’s on its players’ shirts as part of the $7 million deal.