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Planning to pursue a career of a diplomat, he later moved to Moscow and joined Moscow State Institute of International Relations from which he graduated in 1976 with a degree in international law.
Through USM Holdings and as an individual investor, Usmanov owns diverse interests including stakes in iron ore and steel, media and internet companies.
He is the co-owner of Metalloinvest, which he founded along with business partner Vasiliy Anisimov in order to manage his acquisitions in the metal industry.
He also acted as an Adviser to the General Director of Moscow Aviation Industrial Enterprise from 1994 to 1995, and served as the First Deputy Chairman of MAPO-Bank from 1995 to 1997.
Usmanov moved into the football arena in August 2007 by acquiring a 14.58-percent stake in the English football team Arsenal.
and is the majority shareholder of Metalloinvest, a Russian industrial conglomerate, which consolidated in 2006 JSC Metalloinvest's assets (the Mikhailovsky GOK and the Ural Steel) with those of Gazmetall JSC (the Lebedinsky GOK and the Oskol Electrometallurgical Plant).
which owns stakes in popular web portals like Odnoklassniki, Vkontakte and others.
American businessman Stanley Kroenke, already a major Arsenal shareholder, increased his stake in the club to just over 62 percent in April 2011 after buying out Fiszman and Lady Nina Bracewell-Smith, making him the majority shareholder.
As Kroenke's stake had risen above 30 percent, he was obliged to make an offer to buy out the remainder of Arsenal shares.
On 28 September 2007, it was announced that Red and White Holdings had increased its shareholding to 23 percent, making it the second largest shareholder in the club behind Danny Fiszman on 24 percent.
Red and White Holdings confirmed on 28 February 2008 that it was the club's largest shareholder and the company said it "has the necessary funding to increase its stake further [but] it has no current intention to make a full takeover bid for Arsenal for six months." Usmanov's interest precipitated a "lock-down" agreement by the Gunners' board, whereby chairman Peter Hill-Wood announced that club directors could sell their stakes only to "permitted persons" before April 2009, and had to give fellow board members "first option" on shares until October 2012.