Arsenal Shareholder Usmanov Tops Sunday Times Rich List, Roman Abramovich Fifth
Britain "is now the home of nearly 10 times as many billionaires" as were featured in the first Sunday Times Rich List published in '89, according to Philip Beresford of the SUNDAY TIMES. This year's list was topped by Russian tycoon and Premier League Arsenal major shareholder Alisher Usmanov. Usmanov "has seen his fortune rise" by just less than £1B ($1.5B) in the past year to £13.3B ($20.2B), "buoyed by the strong performance of his London-listed MegaFon mobile phone business and his stake in the iron ore mining giant, Metalloinvest." With homes in London and the home counties and a 29% holding in Arsenal -- "one of his smallest but best known investments" -- Usmanov "seems intent on strengthening his British links." Arsenal fans "will hope Usmanov might some day galvanise the fortunes of their club in the way that fellow Russian Roman Abramovich has transformed Chelsea." Abramovich slipped to fifth place in this year's list, with £9.3B ($14.1B) down £200M ($305M) from last year. Other notable people with investments in sports include F1 CEO Bernie Ecclestone, who fell three spots to No. 26. Ecclestone's fortune is worth £2.5B ($3.8B). Premier League Newcastle United Owner and retailer Sports Direct Founder Mike Ashley rose five spots to No. 31. Ashley's worth is valued at £2.3B ($3.5B). Usmanov's partner at Arsenal Farhad Moshiri rose from No. 127 to No. 41. Moshiri saw his fortune increase by £1.2B ($1.8B) to £1.8B ($2.7B) (SUNDAY TIMES, 4/21). For the Sunday Times' complete list, click here.