In today’s “Movers & Shakers,” Bloomberg’s Betty Liu reports that Russian billionaire Alisher Usmanov has bet big on Apple, investing US$100 million on a rebound of the company’s stock.
Usmanov is the world’s 35th richest person with a fortune of $19.8 billion, up $967 million, or 5.1%, this year.
Liu reports speaks on Bloomberg Television’s “In The Loop.”
Direct link to video here.
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He obviously doesn’t have Rob Enderle as an adviser…
Money well spent.
All that money and he can’t afford a nice pair of glasses?
As long as he can count his money with them on, what more does he need?
It appears a bottom for Apple’s share price has been established. I’m getting some confidence back. I hope more billionaires start piling in.
Dear Alisher, can you also invest a bit more than your 30% stake in Arsenal FC, buy out Stan Kroenke (who has no interest in the club other than money) so you can bring the club back into the elite again. $800 million should do it. Cheers Mr Russian Oligarch and self confessed Arsenal fan. p.s good shout with the Apple shares, timing’s impeccable.
I just bought more Apple stock yesterday – hopefully catching a rising star instead of falling knife this time. I also bought into an Exchange Rate Fund based the S&P 500 – because you got to diversify.
I too purchased some more at $397–seemed like a good buy at the time, time will tell
No, don’t listen to Usmanov. Yes, he is the world’s 35th richest person. But the new assistant to the analysts researched Apple on the Internet and they don’t like AAPL anymore. Also, the assistant owns a Samsung me-too smartphone because they could not afford the new iPhone (or was paid by Samsung to tell them that).
Clueless idiots. Yes, Jim Cramer, I am also talking about you too. You let your daughters influence your opinion about AAPL over the updated iTunes and did not do your homework again. Time to warm up your crow and get out those post-it note pads.
Well said-on point, JC is merely a wolf is sheeps clothes whom enjoys his celebrity more than anything
me too, and I’m not yet a billionaire.
LOL. So he invests .5% of his holdings…and that’s considered a big bet??? Put another way, a person with $10,000 invests $50 and it’s considered “a big bet”.
MDN – how come I need a Flash Player to view part of this page. Shame on you
I would bet with him.