Alisher Usmanov
Steel, telecom, investments · Tashkent
Net worth
$14.2B
Today
−$26M−0.18%Past month
+$293M+2.10%As of Nov 11, 2026, 1:50 PM EST
Alisher Usmanov made his first fortune producing plastic bags, a commodity so scarce in the former Soviet Union that people washed and reused them Uzbekistan-born Usmanov, who has family ties with President of Uzbekistan Shavkat Mirziyoyev, moved to Tashkent in 2022. His largest holding is his stake in iron ore and steel giant Metalloinvest. He also owns stakes in Xiaomi and other telecom, mining and media companies. An early Facebook investor and metals magnate, Alisher Usmanov was hit with U.S., U.K. and EU sanctions in the wake of Russia's invasion of Ukraine. Usmanov headed Gazprom Investholding, a subsidiary of state-run conglomerate Gazprom, from 2000 to 2014. An ex-fencer, Usmanov has led the International Fencing Federation since 2008; he was re-elected in 2022 and 2024 but voluntarily suspended his duties after the sanctions.
Net worth over time
Principal holdings
2 positions| Company | Industry | Share | Value |
|---|---|---|---|
Private and other holdings | Metals & Mining | 88.7% | $12.6B |
Xiaomi Corp. HONG KONG: 1810-HK | Metals & Mining | 11.3% | $1.6B |
Also known for
- In 1980, he was convicted of fraud and embezzlement; he served six years. Years later, the Uzbek supreme court ruled that the case against him had been trumped up.
- After being sanctioned, German authorities blocked a superyacht he used, called Dilbar, from leaving a port while Italian authorities froze the villa in Sardinia.
“I am proud that I know Putin, and the fact that everybody does not like him is not Putin's problem. I don't think the world loved Truman after Nagasaki.”