Facebook will make Russia’s richest man even richer
Alisher Usmanov likes Facebook, but he’ll probably like it even more after the company’s IPO on 18 May.
That’s because Usmanov, who is Russia’s richest man according to Forbes magazine, is set to make a pretty penny when he and his partners sell of a large number of stocks after Facebook goes public, according to Ira Iosebashvili, a blogger for The Wall Street Journal‘s ”Emerging Europe“.
Usmanov and his partners at Mail.ru Group invested $300 million in Facebook in 2009, but they could net up to $2 billion at the IPO.
“Today these investment have shown the highest possible effectiveness, and we are very satisfied,” he said on Russian TV last week, according to Iosebashvili.
About the Author
-
More from Transitions Online- Bulgaria’s Leading Party Demands Vote Rerun, Amnesty Slams Ukraine on Gay RightsPlus, Bucharest flouts the EU with new anti-corruption appointments and police in the Balkans nab human traffickers. Police swoop down on human traffickers in Bosnia and Croatia Bosnian and Croatian law enforcement authorities have collaborated in an organized crackdown on human trafficking, Reuters reports. Police in Croatia arrested 25 suspects and were […]
- Moldova's Pesticide Time BombTwo decades after the Soviet Union’s collapse, the country is still struggling with thousands of tons of chemicals, some leaking and unguarded. […]
- Cossacks Go Green, Romanian Priests Spread Regime’s Good NewsPlus, Armenians will feel the Russian gas pinch and Moldova has a new prime minister, maybe. […]
- Young, Loud, and TurkmenAshgabat’s few rock ’n’ rollers keep a low profile and face a limited future. […]
- Hungary Bows to EU Austerity Demands, Tajikistan Debates Ban on Cousin MarriagesPlus, more troubles for Kyrgyz gold mines and signs of a split in the Serbian church over Kosovo. […]
- Budapest’s Smoking GunCould a tobacco corruption scandal finally undo Hungary’s retrograde, hubristic government? […]
- Georgian Deputy Minister in Blackmail Charge, Bulgaria's Far Right Sets Sights on GovernmentPlus, a trial reopens old questions about the sell-off of Czech state companies and a disco divides Krakow's Jewish community. […]
- A State of DepressionThere’s not much to be optimistic about after the recent Bulgarian elections. […]
- Bulgaria’s Leading Party Demands Vote Rerun, Amnesty Slams Ukraine on Gay Rights
- Twitter feed loading...
About Us
Net Prophet is a blog supported by Transitions Online tracking new media and tech developments across Central Europe and Eurasia.
Transitions Online is an online magazine that covers political, social, cultural, and economic issues in the former communist countries of Europe and Central Asia. The magazine has a strong network of local contributors, who provide valuable insight into events in the region’s 29 countries.
-
Recent Posts
-
Karimova gets schooled in Twitter debate
May 17, 2013 -
Hungary: Government limits FOIA transparency law
May 10, 2013 -
U.S. calls Ukraine the pirate king
May 8, 2013 -
Azerbaijan legislating civil web discourse
May 3, 2013 -
Picture this: A Latvian startup visualizes the future
May 1, 2013
-
