Russia's richest man avoids us turning to China target to lock in electricity

Ivanstreshinskiy, chief executive of Usmanov's holding company USMADVISORSLLC (hereinafter referred to as "USM"), said in an interview that US technology companies are currently overvalued and not in a position to make new investments. "We are not investing in the United States at the moment," he said. Investors here are accustomed to high valuations, often forgetting the fundamentals of the business. ”

Usmanov was born in Uzbekistan. Usmanov, 59, has become the richest man in Russia this year after the investment focus shifted from commodities to technology. After supporting the success of Russian internet companies, Usmanov is currently seeking to invest in other growth-market companies, thereby indirectly benefiting from the popularity of mobile devices that can access the Internet.

The 43-Year-old Stesinski said that USM currently holds Alibaba Group, Jingdong Mall shares. All two e-commerce companies are in line with Usmanov's strategy: to hold shares in the company and to reap the benefits of an initial public offering.

Usmanov's personal net worth has reached 17.2 billion dollars, and he invests mainly through DST, the Russian Internet investment Company. DST was run by Mail.ru co-founder Milner (Yurimilner), a Russian internet company. Since 2008, Usmanov has relied on Mr Milner to invest in internet companies.

Investment technology company

Usmanov's telecoms, internet and media assets have accounted for more than half of his personal assets, according to data from the Bloomberg Billionaires Index (BLOOMBERGBILLIONAIRESINDEX). Usmanov's remaining assets include shares of Russia's largest iron ore and steel manufacturer Metalloinvest, 4% of the world's largest nickel maker, Norilsk Nickel (Oaogmknorilsknickel), and 30% per cent of the Premiership team's arsenal and cash.

Stesinski said Usmanov is currently particularly interested in China's e-commerce industry. Alibaba Group, China's largest E-commerce company, reached a value of $40 billion in September this year. The group, led by CIC, invested 2 billion of billions of dollars in the company's 5.6% per cent stake, the source said.

Earlier this year, Alibaba Group bought 20% of its shares from Yahoo, in preparation for its IPO. Jingdong Mall also said in June this year that the company would have to wait 2013 years before considering the IPO issue.

Invest in Facebook

When Usmanov bought shares in Facebook in 2009, his fund persuaded Facebook founder Mark Zuckerberg (Zuckerberg) to sell non-voting shares. In an interview with Russian media this year, Usmanov said he and Mr Milner bought about 10% of Facebook's shares at a valuation of $6 billion to 10 billion. According to data from Bloomberg, Usmanov sold about One-third of Facebook shares, about $1.4 billion trillion, when Facebook held its initial public offering this May.

After the lock-up period has continued to sell some of the Facebook shares, Usmanov has only one-third of its Facebook holdings. Stesinski said Usmanov would only be able to sell the remaining Facebook shares until next May, under the influence of the ban on tenure.

Usmanov has also been selling shares of Groupon, the company's largest group-buying site, and Zynga, a social-game developer. This year, Usmanov also gained control of Oaomegafon, Russia's second-largest mobile operator. The company made its initial public offering in London last month, raising 1.7 billion of billions of dollars.

Asked whether Usmanov had continued selling Facebook shares after the lock-up period, Stesinski said, "We will wait and see." "Since Facebook's listing, the company's share price has fallen by 28% per cent, fearing it cannot gain revenue from the fast-growing mobile advertising industry. "Facebook has a great team," says Stesinski. They have a bright future. ”