Home NewsAfrica Who is Alisher Usmanov, the sanctioned Russian billionaire said to be one of Putin’s ‘favorite oligarchs’?

Who is Alisher Usmanov, the sanctioned Russian billionaire said to be one of Putin’s ‘favorite oligarchs’?

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The EU mentioned Alisher Usmanov has “significantly shut ties” to the Kremlin, calling him one among Russian President Vladimir Putin’s “favourite oligarchs.”

  • Alisher Usmanov is among the many Russian oligarchs hit by Western sanctions after the nation invaded Ukraine.
  • Usmanov based USM Holdings, had a 30% stake in Arsenal, and owns a $600 million (R9 billion) superyacht.
  • However his wealth dropped after he was sanctioned. The EU says he is one among “Putin’s favourite oligarchs.”
  • For extra tales, go to www.BusinessInsider.co.za.

Alisher Usmanov is one among Russia’s richest folks and believed to be an in depth private ally of President Vladimir Putin.

However his wealth has began plummeting following a sequence of sanctions in opposition to Russia’s elite in response to the nation’s invasion of Ukraine. In line with the Bloomberg Billionaire Index, Usmanov’s web value has fallen by almost 1 / 4 since 22 February, as a contemporary batch of Western sanctions on Russian banks and entities started to shake the nation’s economic system.

The European Union, UKUS, and Switzerland have all sanctioned Usmanov, freezing his belongings and, in some circumstances, barring him from getting into their territory.

Usmanov said that the sanctions had been primarily based on “false and defamatory allegations” and that he would use “all authorized means” to guard his repute.

Who’s Alisher Usmanov?

Usmanov was born in Chust, a small metropolis in Uzbekistan, in 1953. He is now listed because the world’s 99th-richest individual on the Bloomberg Billionaire Index, value an estimated $17.7 billion (R266 billion).

Usmanov first began amassing his fortune earlier than the collapse of the Soviet Union, when he set up a business selling plastic bags, which had been in excessive demand.

He is since based, invested in, or served on the board of dozens of corporations. He was general director of Gazprom Investholding from 2000 to 2014. He purchased Russian enterprise newspaper Kommersant in 2006 and owns real-estate developer Khimki Group.

Usmanov owns 49% of USM Holdings, which he based in 2012 “to streamline and consolidate” a few of his tasks. The funding group has pursuits in metals, mining, and telecoms, and owns Metalloinvest — which claims to be Russia’s largest iron ore producer — in addition to the Russian telecommunications firm MegaFon. 

Usmanov has invested in JD.com, Apple, Alibaba, and Uber, and instructed The Financial Times that at one level he managed nearly 8% of Fb’s inventory after investing round $880 million (R13 billion).

Usmanov bought a 30% stake in English soccer membership Arsenal in 2018. USM Holdings sponsors Everton’s coaching floor and paid £30 million for the naming rights for its new stadium. Everton is owned by Farhad Moshiri, the chairman and a shareholder of USM Holdings.

Mikhail Svetlov/Getty Pictures

Usmanov is one among ‘Putin’s favourite oligarchs’

The EU said Usmanov has “significantly shut ties” to the Kremlin, calling him one among “Putin’s favourite oligarchs.” It added that former Russian President Dmitry Medvedev had beforehand made “private use” of properties managed by Usmanov and that the Kommersant took a “manifestly pro-Kremlin stance” after Usmanov purchased it.

The EU also said Usmanov “actively supported” the Russian authorities’s insurance policies of the destabilisation of Ukraine.

Usmanov is intently linked to different sanctioned oligarchs. He arrange Metalloinvest with Andrei Skoch, and instructed The Financial Times in 2020 that he was “excellent buddies” with Roman Abramovich.

Usmanov owns a 512-foot yacht, Dilbar, which the US Treasury says is likely one of the world’s largest superyachts. The vessel has two helicopter pads and a 82-foot swimming pool said to be the biggest on any yacht, and the US Treasury reports its estimated worth was between $600 million (R9 billion) and $735 million (R11 billion).

Dilbar has been declared “blocked property” by the US, and Forbes reported that the yacht’s crew was fired after Western sanctions meant wages could not be paid.

Usmanov has additionally been linked to a different yacht value round $300 million (R4.5 billion) which is at present docked in Sri Lanka. Usmanov purchased the yacht — which has reportedly been often known as Lady Gulya, Tis, and Alaiya — whereas Dilbar was being repaired, in response to Superyacht Fan.

Usmanov additionally owns an Airbus A340-300, which the US Treasury says is likely one of the largest privately owned planes in Russia and is believed to have value between $350 (R5.2 billion) and $500 million (R7.5 billion). In line with the UK Government, Usmanov owns a 32,500-square foot home in London, value an estimated £48 million (R942 million), in addition to a Sixteenth-century manor home.

A former professional fencer, Usmanov turned president of the Worldwide Fencing Federation in 2008, however stepped down on March 1 due to the sanctions.



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