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Russian billionaire buys $100 million worth of Apple stock

Although it may seem an extremely high figure, for Apple it does not mean a large amount of $100 million in shares. It is, however, enough to give the company a breath of fresh air and help it out of the predicament it was in last September. Here are the details why this Russian tycoon decided to invest in Apple and what he expects from the company.

As reported by Bloomberg a couple of days ago, one of the biggest Russian tycoons, Alisher Usmanov, currently holds Apple shares worth approximately $100 million . But don’t be alarmed, to give you an idea, this 100 million dollars is not even 1% of Apple’s total, so it is a relatively low amount. However, for us mortals, it seems a tremendous amount, so let’s see the causes and reasons why this magnate has invested in Apple.

Russian billionaire buys $100 million worth of Apple stock
Russian billionaire buys $100 million worth of Apple stock

There you have it, a gentleman of 59 devoted to Apple who has full confidence in one of the leading companies in innovation . For him, even if the company’s value plummeted in September last year, the important thing is the future. That’s why he didn’t care whether all the shareholders saw the slowdown in the sale of the iPhone and iPad or how Samsung was growing. For him, Apple is one of the safest companies in the medium term and that’s why investing 100 million dollars is a good idea.

Usmanov ranks 35th among the world’s richest men, according to Bloomberg. His fortune amounts to about $19.8 billion, so that $100 million we can assume was not a big effort for him. On the other hand, Usmanov has also invested in other technology companies in the world , such as Facebook Inc. or China Alibaba.com Ltd.