Russian oligarchs who face being caught up in Britain’s crackdown

Arsenal shareholder, former first deputy prime minister and ex-energy giant boss among scores of Russian oligarchs who face being caught up in Britain’s crackdown on ‘unexplained’ foreign wealth

  • Arsenal investor Alisher Usmanov made a fortune in steel and mining companies
  • Oleg Deripaska was once Russia’s richest man and has house in Belgrave Square 
  • Fellow London resident and philanthropist Mikhail Fridman is worth £10billion   

Scores of Russian oligarchs with bases in London face being caught up in the Government’s resolve to crack down on ‘unexplained’ foreign wealth. They include:

Alisher Usmanov

A shareholder in Arsenal football club, Mr Usmanov’s wealth has been estimated at more than £9.5billion.

As the Soviet Union collapsed, he made a fortune by investing in state-owned metal and mining companies as they were sold off.

He headed Gazprom Investholding, a subsidiary of the world’s biggest extractor of natural gas Gazprom, from 2000 to 2014 and still owns a stake in iron ore and steel giant Metalloinvest. He also owns the Moscow newspaper Kommersant and a telecoms company.

Alisher Usmanov (right), an Arsenal shareholder, pictured with Vladimir Putin in 2013

Mr Usmanov invested in Arsenal in 2007, and he now owns 30 per cent of the club.

Born in Uzbekistan when it was part of the Soviet Union, he hoped to become a diplomat, but was jailed in 1980 for corruption. He served six years but the Uzbek supreme court later quashed the conviction, saying the case had been politically motivated.

Now 64, he has spoken of his pride at his friendship with Vladimir Putin, adding: ‘The fact that everybody does not like him is not Putin’s problem.’

Oleg Deripaska

Once Russia’s richest man, Mr Deripaska came to prominence when he entertained Labour grandee Lord Mandelson on his yacht in Corfu.

He and Mr Abramovich were on lists of Russian oligarchs published by the US Treasury in connection with new sanctions. The tycoon – who is close to Mr Putin – quit as a director of Russian energy giant EN+ Group after being targeted by the sanctions. He owns a house in Belgrave Square and is a grandson by marriage to the late leader Boris Yeltsin.

Oleg Deripaska (pictured), who was once Russia’s richest man, owns a house in Belgrave Square and is a grandson by marriage to the late leader Boris Yeltsin

Mikhail Fridman

The Russian business magnate, investor and philanthropist co-founded Alfa-Group, a multinational Russian conglomerate. According to US business magazine Forbes, Mr Fridman, who has Israeli citizenship, was the seventh richest Russian as of 2017, worth some £10billion. He lives in London.

Igor Shuvalov

Hugely wealthy Mr Shuvalov is a former Russian first deputy prime minister. Close to Putin, he has a London flat a short walk from Downing Street. 


Mikhail Fridman (left) was the seventh richest Russian as of 2017, according to Forbes, while Igor Shuvalov (right) is a former Russian deputy prime minister and ally of Putin 

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