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Usmanov Remains Russia's Richest Man

Published: January 8, 2014 (Issue # 1792)



  • Alisher Usmanov at the 2013 World Fencing Championships in Budapest.
    Photo: Marie-Lan Nguyen / Wikicommons

Alisher Usmanov retained his title as Russia's richest businessman in 2013 with a net worth of $20.2 billion, according to a Bloomberg ranking of the world's 200 wealthiest people. Usmanov qualified as the world's 36th richest person in the ranking, which also saw 10 other Russian moguls qualify for the list.

That statistic put Russia in second place in terms of countries with the most billionaires, second only to the U.S., which topped the list by a wide margin of 37 billionaires out of the top 100.

Usmanov, whose fortune grew by $1.3 billion last year, built up his fortune through successful investments in iron ore producers, telecommunication companies, and internet firms like Facebook and Twitter. He served a spell in prison in Uzbekistan in the 1980s, but was cleared of the charges in 2000 by Uzbekistan's Supreme Court on grounds that the accusations against him had been false.

According to an earlier ranking by Forbes magazine, Usmanov also qualified as Russia's most charitable businessman, with about $150 million worth of donations in 2012, for which he was awarded one of Russia's highest civil awards in recognition of his philanthropic activities by President Vladimir Putin in July 2013.

Co-owner of retail chain Magnit Sergei Galitsky was named the most successful Russian businessman last year having earned $5.3 billion which brought his combined assets to $13.8 billion.

Microsoft founder and CEO Bill Gates kept his top ranking as the world's richest person. He earned $15.8 billion last year bringing his total wealth to $78.5 billion. Microsoft shares increased in value by 40 percent in 2013.

Gates thereby toppled Mexican media magnate Carlos Slim, who had held the ranking's top position until May, Bloomberg said.

Brazilian businessman Eike Batista, whose oil company OGX filed for bankruptcy in October, won the dubious honor of having suffered the greatest financial loss during the year. Batista's net worth declined more than $12 billion, causing him to lose his ranking as the world's eighth richest person.

Last year was one of the best for the world's 300 richest people, who saw their combined assets grow $524 billion to a staggering $3.7 trillion, Bloomberg Billionaire's Index said.

Analysts believe that the new year will look equally bright for the super-wealthy.

"The rich will get even richer in 2014," the founder of real estate and energy conglomerate, Red Apple Group, John Catsimatidis said.

"Loan rates will stay low, the share market will continue to grow, [annual] economic growth will be about 2 percent," he predicted.





 


ALL ABOUT TOWN

Thursday, July 31


Develop your leadership abilities during a lecture by famous Russian author and coach Radislav Gandapas. The event starts at 9 a.m. at 5 Lodeinopolskaya Ulitsa. The price for entry is 20,500 rubles ($570).


Relax and enjoy a Parisian atmosphere with some romantic and laidback jazz tunes during the Night of French Music at Lenny Jam Cafe, 63 Ligovsky Prospekt. The entrance fee is 250 rubles ($7).


The Women’s Business Club is hosting a Beauty Brunch where participants are invited to discuss the latest news in the beauty industry and listen to lectures by professional stylists in the business.



Friday, Aug. 1


Bikers from all around the world will gather to take part in a parade, extreme shows and rock concerts during the International Biker Festival that revs its engines today and runs through Aug. 3 near Olgino Hotel, 4/2 Primorskogo Shosse.


The Peter and Paul Fortress will be turned into an open-air cinema today and tomorrow as part of the 5th International Short and Animation Film Festival. A huge screen across the fortress walls will air short films non-stop with board games, photo sessions and other activities also on offer for visitors. For more information, visit www.opencinemafest.ru



Saturday, Aug. 2


Gatchina Palace Park Museum will host its second annual Night of Light, an impressive audio-visual show across the night sky. Tickets are 600 rubles ($16).


If graphic design is more your thing then check out Illustration Day, where you will be able to visit an exhibition, attend lectures by professionals and even show experts some of your own work. The event starts at noon at Zona Deystvia, 73 Ligovsky Prospekt. The entrance fee is 350 rubles ($10).



Sunday, Aug. 3


History lovers shouldn’t miss the chance to see reenactments of World War I battles in Pushkin at noon. Besides exciting war scenes, visitors can enjoy live music, historical costumes, an equestrian show and a fancy-dress parade starting from the Moscow gates.


Garage Sale, the popular and growing flea market where nothing is priced over 500 rubles ($14.11), starts today at noon in Loft-Project Etagi, 74 Ligovsky Prospekt. Be sure to get in early to score a bargain. Entry costs 50 rubles ($1.40)



Monday, Aug. 4


Continue the working week with a calm and steady mind with a free yoga lesson at 7 p.m. in the Bukvoyed store at 23A Vladimirsky Prospekt.



Tuesday, Aug. 5


Visit The Romanov Dynasty doll exhibition today, where more than fifty porcelain dolls depicting Russian rulers, and made by Olina Ventzel, will be on show. The exhibition continues through Aug. 31 in Sheremetyev Palace, 34 Fontanka Naberezhnaya.



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