Alisher Usmanov is Russia’s richest tycoon for the third year in a row, with wealth of $18.6 billion, after selling his stake in the social media website Facebook, according to the latest report by the US magazine Forbes.

Usmanov is a co-owner of Russia’s largest iron ore miner, Metalloinvest, and the country’s number-two mobile operator, MegaFon. He also owns stakes in the Russian internet group Mail.Ru and the British Premier League football club Arsenal.

His worth rose $1 billion from his previous rating after the sale of his and his partners’ stake in Facebook for $2.5 billion, according to Forbes.

Mikhail Fridman, the co-owner of Alfa Bank and telecoms operator Vimpelcom, is still Russia’s second-richest tycoon, worth $17.6 billion, up $1.1 billion.

The third richest, Viktor Vekselberg, who made his money in metals and energy, rose from fourth place with a worth of $17.2 billion, up $2.1 billion year-on-year.

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