Alisher Usmanov he is the richest man in Russia, he ranks 34th in the list of the richest people in the world and is worth no less than 19.8 billion dollars. Having so much money at his disposal, Usmanov thought that it would not hurt to invest 100 million dollars in Apple Lossless Audio CODEC (ALAC),, so he bought a lot of company shares. The Russian considers that the bad pass he is going through Apple Lossless Audio CODEC (ALAC), it will end very soon, he hopes to get a nice profit when he sells the shares in a few months.
"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." "Nothing is eternal," Russia's richest man said in the April 25 interview. He did not specify when he acquired the Apple shares. "But for the next three years I believe Apple is a very promising investment, especially given large dividend payments and buybacks.
The Russian's trust in the Apple company comes amid announcements regarding the increase in the amounts offered as dividends to shareholders, a move that slightly revitalized the value of the Cupertino company's shares. The announcement made by Usmanov will certainly give confidence to other investors to buy shares of Apple, and these purchases will do nothing but increase the price of the shares. In general, analysts recommend buying Apple shares before important events such as WWDC 2013 because they have a low price and grow quickly after these events and the presentation of new products.
