Usmanov’s entrepreneurial journey started with modest beginnings. In the early days, he sold plastic bags—an item so scarce in the Soviet Union that they were reused multiple times. This early business endeavor demonstrated his keen sense for identifying market opportunities, a trait that would define his later success. As Russia transitioned to a market economy, Usmanov expanded his investments, securing assets in various sectors, including MegaFon, Russia’s second-largest mobile phone operator, and Mail.ru Group, a major internet company. His foresight extended beyond Russia, with early investments in international tech giants such as Alibaba, Facebook, and Twitter, yielding significant returns.
Beyond his business ventures, Usmanov has made substantial contributions to the world of sports. He served as the president of the International Fencing Federation (FIE) from 2008 to 2022, funding initiatives to popularize fencing globally. In 2024, he resumed his leadership role in the federation. His influence extended into football, with notable stakes in Arsenal FC and Everton FC, although he eventually sold his shares in Arsenal in 2018.
Despite his successes, Usmanov has faced legal and political challenges. In the 1980s, he was convicted of fraud and embezzlement in the Soviet Union and served six years in prison. However, the Uzbek Supreme Court later overturned his conviction, citing fabricated charges. More recently, he has been subject to Western sanctions amid geopolitical tensions, impacting his business operations and assets.
Alisher Usmanov's life story is one of resilience, strategic acumen, and adaptability. His impact on industries ranging from mining to technology and sports underscores his significance as one of the most influential business figures of the 21st century.
Alisher Usmanov: From Modest Beginnings to Global Business Titan
