Alisher Usmanov Net Worth

Alisher Usmanov has an estimated net worth of $14.1 billion, according to Forbes Real-Time Billionaires, Alisher Usmanov profile (figures as of October 20, 2026). That is up from $12.6 billion in 2019.

Alisher Usmanov is a Russian-Uzbek businessman whose wealth comes from steel, telecom, and investments. He built an early fortune in the late 1980s with Agroplast, a company that made plastic bags when they were hard to find in the former Soviet Union. Later, he expanded into metals and mining. Forbes tracks him in the Metals & Mining industry and says he is self-made.

His biggest asset is a stake in Metalloinvest, an iron ore and steel company he co-founded in 1999. He also built positions in telecom and technology through USM, MegaFon, and early internet deals. Usmanov was an early Facebook investor, and he has also held stakes tied to VK, Xiaomi, mining assets, and media. From 2000 to 2014, he led Gazprom Investholding, adding another major chapter to his business career.

How Alisher Usmanov makes money

Most of Usmanov’s fortune is tied to industrial assets. His largest holding is his stake in Metalloinvest, a major iron ore and steel business. He co-founded the company in 1999 and built it through acquisitions in the secondary market. Forbes also points to telecom and investments as key parts of his wealth. Through USM, he has held interests in metals, mining, telecommunications, technology, media, and the Udokan copper project.

Technology deals also played a big role. In 2009, Mail.ru invested $200 million in Facebook for a 1.96% stake, valuing the company at $10 billion. Usmanov later made $1.4 billion from selling those shares in 2013. He also became a shareholder in DST Global and VK in 2008, and companies linked to him acquired a majority interest in MegaFon in 2012. Forbes also notes stakes in Xiaomi and other telecom, mining, and media companies.

What Forbes says about his net worth

Forbes says Usmanov’s net worth is currently $14.1 billion on its real-time tracker as of October 20, 2026. Over the past several years, that estimate has moved up and down. Forbes placed him at $18.4 billion in 2021, then $11.5 billion in 2022. It later rose to $16.7 billion in 2025 before easing again. Those shifts match the fact that most of his wealth is tied to large stakes in metals, mining, telecom, and investment holdings.

The shape of his business helps explain why the estimate can change. A large share of his fortune comes from privately held or strategic stakes rather than salary. Metalloinvest remains central, while other holdings have changed over time. USM exited VK in 2021, and Udokan copper started strip mining in 2020. Earlier gains from Facebook showed how a single successful investment could add a lot, but his wealth still rests mainly on industrial and telecom assets.