Bloomberg: In 1989, Farhad Moshiri was an émigré in London pulling a paycheck at Deloitte & Touche when he met Alisher Usmanov. Now, after a two-decade alliance with Russia’s current richest man, the Iranian-born accountant is a billionaire himself.
Moshiri, who owns 5 percent of Usmanov’s Metalloinvest Holding, Russia’s largest miner of iron ore, and 15 percent of Arsenal Football Club, is worth at least $1.1 billion, according to data compiled by Bloomberg.
Usmanov, 58, rewarded Moshiri, 56, for years of service as an adviser and confidant in 2008, granting him a 10 percent stake in Gallagher Holding Ltd., through which Usmanov controls Metalloinvest.
“He was consulting me for decades on different deals and exercised his option, fairly getting the stake,” Usmanov said in a telephone interview from Moscow. Usmanov and Moshiri both declined to elaborate on the terms of the option.
Metalloinvest accounts for the bulk of Usmanov’s fortune, which has swelled to more than $20 billion through timely bets on tech companies including Facebook Inc. (FB), according to the Bloomberg Billionaires Index, a daily ranking of the world’s richest people. Metalloinvest is worth at least $16 billion, valuing Moshiri’s share at a minimum of $800 million. The company values itself at as much as $20 billion, Chief Executive Officer Eduard Potapov said in February.
For Moshiri, the road to riches started with a revolution.
“My parents fled Iran in February 1979, just before the Iranian Revolution,” Moshiri, now a British citizen, said by e- mail. “My father was an army doctor who trained as a pathologist and later became a senior military judge. My mother came from Iran’s leading publishing house, Kayhan, which is now based in London.” >>>
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