Russian billionaire
Alisher Usmanov has reportedly purchased $100m of Apple stock (
AAPL, $460.71, +2.38%), according to the
Moscow Times. Usmanov is quoted as saying that despite recent qualms over the tech company's future, Apple represents a "very promising investment," and Usmanov thinks that Apple's stock price and capitalization will rebound soon, and noted that the company has lost more than $100b of market value in less than a year. Perhaps the Russian knows something many American investors don't or refuse to acknowledge?
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| Alisher Usmanov has invested $100m in Apple stock |
Usmanov, who made his first fortune selling plastic bags, is currently estimated by Forbes to be the 5th richest man in Russia and 35th in the world, with a net worth of around $17.7 billion. The Russian businessman is heavily involved in iron ore mining and media, with key stakes in Digital Sky Technologies (an early investor in
Facebook), Mail.ru, Kommersant, and EPL soccer club
Arsenal.
You can read a full bio of Usmanov
here, also at the
Moscow Times website.
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