Got a tip for us?Let us know

a. Send us an email
b. Anonymous form

Russian Billionaire Buys $100 Million in Apple Stock

Tuesday April 30, 2013 12:47 PM PDT by Jordan Golson

With Apple's stock price at its lowest levels since 2011, Russian billionaire Alisher Usmanov -- one of the main investors behind the Digital Sky Technologies investment group -- has purchased $100 million of Apple stock, reports Bloomberg.

Usmanov

“I believe in the future of this company even after Steve Jobs,” Usmanov, 59, said in an interview at Bloomberg’s Moscow offices, referring to Apple’s late co-founder. “When the company lost $100 billion of its market value, it was a good time to buy its shares, as the capitalization should rebound.”

Usmanov is estimated to be Russia's richest man with a fortune worth $19.8 billion.

Top Rated Comments

Klae17

167 months ago

In Russia, Apple stock buys you!

Score: 27 Votes (Like | Disagree)

adildacoolset

167 months ago

I honestly think that the people who claim that apple are doomed, are stupid. Seriously, even thing the profits this auareter weren't the highest, ask yourselves this: what product was launched in this quarter? Nothing! No announcement this quarter. So how can someone realistically expect record-breaking charts?

Score: 14 Votes (Like | Disagree)

Karma*Police

167 months ago

Buy low, sell high. Sounds like a winning strategy. Seems like such a simple concept, yet the majority of folks do the opposite.

Score: 7 Votes (Like | Disagree)

IJ Reilly

167 months ago

The investment gurus are out in full force in this thread again! Tell me, why are you guys here rather than making millions investing in stocks? And no, "I don't have much to invest" isn't an answer. You know better than analysts do. Convince others to invest their money and take a cut. You can do it! :rolleyes:

Rule #1: Those who talk about what they are investing in the most, are doing it the least.

There is no Rule #2.

Score: 5 Votes (Like | Disagree)

roadbloc

167 months ago

Score: 5 Votes (Like | Disagree)

carestudio

167 months ago

Just invest 10% of his money on me, then I would be extremely happy :)

Score: 5 Votes (Like | Disagree)

Read All Comments

Popular Stories

Tim Cook Teases Plans for Apple's Upcoming 50th Anniversary

Thursday February 5, 2026 12:54 pm PST by Joe Rossignol

Apple turns 50 this year, and its CEO Tim Cook has promised to celebrate the milestone. The big day falls on April 1, 2026. "I've been unusually reflective lately about Apple because we have been working on what do we do to mark this moment," Cook told employees today, according to Bloomberg's Mark Gurman. "When you really stop and pause and think about the last 50 years, it makes your heart ...

• 148 comments

Apple Rumored to Announce New Product on February 19

Thursday February 5, 2026 12:22 pm PST by Joe Rossignol

Apple plans to announce the iPhone 17e on Thursday, February 19, according to Macwelt, the German equivalent of Macworld. The report, citing industry sources, is available in English on Macworld. Apple announced the iPhone 16e on Wednesday, February 19 last year, so the iPhone 17e would be unveiled exactly one year later if this rumor is accurate. It is quite uncommon for Apple to unveil...

Why Apple's iOS 26.4 Siri Upgrade Will Be Bigger Than Originally Promised

Friday February 6, 2026 3:06 pm PST by Juli Clover

In the iOS 26.4 update that's coming this spring, Apple will introduce a new version of Siri that's going to overhaul how we interact with the personal assistant and what it's able to do. The iOS 26.4 version of Siri won't work like ChatGPT or Claude, but it will rely on large language models (LLMs) and has been updated from the ground up. Upgraded Architecture The next-generation...

• 154 comments

iOS 26.3 and iOS 26.4 Will Add These New Features to Your iPhone

Tuesday February 3, 2026 7:47 am PST by Joe Rossignol

While the iOS 26.3 Release Candidate is now available ahead of a public release, the first iOS 26.4 beta is likely still at least a week away. Following beta testing, iOS 26.4 will likely be released to the general public in March or April. Below, we have recapped known or rumored iOS 26.3 and iOS 26.4 features so far. iOS 26.3 iPhone to Android Transfer Tool iOS 26.3 makes it easier...

• 37 comments

Apple Shows Off a Key Reason to Upgrade to the iPhone 17

Saturday February 7, 2026 9:26 am PST by Joe Rossignol

Apple today shared an ad that shows how the upgraded Center Stage front camera on the latest iPhones improves the process of taking a group selfie. "Watch how the new front facing camera on iPhone 17 Pro takes group selfies that automatically expand and rotate as more people come into frame," says Apple. While the ad is focused on the iPhone 17 Pro and iPhone 17 Pro Max, the regular iPhone...

• 79 comments