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Russian billionaire Usmanov tops Britain's rich list

Published on Apr 21, 2013 6:20 AM

LONDON (AFP) - Russian billionaire Alisher Usmanov has topped an annual "rich list" compiled by Britain's Sunday Times newspaper, with a fortune of £13.3 billion (S$25 billion).

The 59-year-old tycoon, who started out manufacturing plastic bags, now owns Russia's biggest iron ore producer Metalloinvest and has a nearly 30-per cent stake in Arsenal Football Club.

He also has a holding in, Russia's biggest Internet company, and a large stake in London and Moscow listed mobile phone operator MegaFon.

Steel magnate Lakshmi Mittal, who spent eight years at the top of the list, was ousted into fourth place with a wealth of £10 billion - down from £12.7 billion in 2012.

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