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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

Wednesday, Oct. 1


The St. Petersburg International Innovation Forum 2014 kicks off today at Lenexpo, where it will be presenting the latest and greatest ideas until Oct. 3. Focusing on economic development and the decisions and measures necessary to encourage development in Russias most important industries, the event is a possibility to discuss the innovations currently available in a variety of fields.


Representatives of the Russian and international media industries arrive in St. Petersburg for the first ever International Media Forum being hosted by the city until Oct. 10. With a variety of events on tap, including workshops, lectures and film screenings, the event plans to reemphasize the citys reputation as the countrys culture capital and as an emerging market and location for the visual arts.



Thursday, Oct. 2


The celebration of the bicentennial of the birth of Mikhail Lermontov continues with todays free exhibition in the citys Lermontov Library at 19 Liteiny Prospekt. Titled Under the Rustling Wings, the temporary exhibition will feature the costumes and scenery used in the 1917 production of Lermontovs play The Masquerade, which he wrote in 1835 when he was only 21 years old.



Friday, Oct. 3


Learn more about how to manage and evaluate employee performance during SPIBAs Human Resources Committee meeting this morning on Employee Assessment: Global and Local Trends. Starting at 9:30 a.m., the discussion will touch on such topics as the partnership between HR and business, reliable assessment strategies and more, with Tatiana Andrianova, the head of the SHL Russia and CIS branch in St. Petersburg, as the featured guest. Confirm your participation by Oct. 2 by emailing office@spiba.ru or calling 325 9091.


AmChams Procurement Committee Meeting is at 9 a.m. this morning in their office in the New St. Isaac Office Center on Ulitsa Yakubovicha.



Saturday, Oct. 4


Wine and cheese lovers will get their chance to revel during Scandinavia Country Club and Spas Wine Market Weekend. Going on today and tomorrow, wining diners can listen to live music, take part in culinary classes and, of course, sample a variety of fine wines from around the world. The cost of admission is 400 rubles ($10.30) for adults and 200 rubles ($5.15) for children.



Sunday, Oct. 5


Look for the latest fall fashions at the Autumn Market today in Freedom Anticafe at 7 Kazanskaya Ulitsa. The minimarket plans to offer clothes more flattering than the puffy jackets that are a staple of the citys cold-weather fashion, while offering the same amount of protection from the biting winds blowing off of the Baltic.



Monday, Oct. 6


SKA St. Petersburg, the citys KHL affiliate, welcomes Slovakian club HC Slovan in a match-up tonight at the Ice Palace near the Prospekt Bolshevikov metro station. The puck drops at 7:30 p.m. and tickets can be purchased on the clubs website or in person at either the arenas box office or the clubs merchandise store on Nevsky Prospekt.



Tuesday, Oct. 7


Learn more about Russias energy industry at the St. Petersburg Energy Forum that begins today and runs through Oct. 10. Attracting industry experts and political and business representatives, the forum plans to welcome more than 350 plus companies and their representatives to discuss the future of Russias largest economic sector.



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