By Victor Enengedi
This was announced on Sunday, April 21, 2013 as the Sunday Times Rich List marks its 25th anniversary.
The 59-year old is worth £13.3 billion, according to the list published.
His business empire, which started with the making of plastic bags, ranges from Metalloinvest, Russia’s biggest iron ore producer, to a stake in mail.ru, the country’s largest internet company, and a big holding in MegaFon, a mobile phone operator which was listed on the London and Moscow stock markets last year.
Usmanov replaces Queens Park Rangers (QPR) stakeholder, Lakshmi Mittal at the top of the list. Mittal who is still worth £11.7billion has been at the top of the rankings for eight consecutive years but he now drops down to fourth position.
Chelsea Football Club owner, Roman Abramovich occupies the fifth place with a reported £9.3billion fortune.
Arsenal co-owner named Britain’s richest man
