Yuri Milner, Net Worth, Money and More
Net Worth : $1.8 Billion.
The founder of digital sky technologies and a businessman, Yuri Milner has an estimated net worth of $1.8 billion as of March 2014. His net worth is increased by 10 million as compared to his last years income.
Life & Career
Yuri Milner was born into a Jewish family in Moscow. He was born to Bentsion Zakharovtch Milner who was a chief deputy director at the institute of Economics in the Russian Academy of Science. Yuri Milner graduated from Moscow state university in 1985. Yuri became the first non emigrant from the Soviet union to go to the US and attained a degree in MBA from Wharton School of business.
Initially Milner started working at the World Bank at Washington, D.C at the post of Russian banking specialist who focuses on the development of private sector banking. five years after working in the bank, Milner became the CEO of an investment company called Alliance- Menatep. the company was owned by Mikhail Khodorkovsky. The very next year Milner started working at the post of Vice president and Head of investments for Menatep Bank. Later he became the director General of an investment firm called Trinity Investments. it was then when he decided to open an internet company. To open the company he sought funds from his friend Greogory Finger who at that time was working in the US investment fund holding. Milner gathered the investment of $4.5 million with his friend’s help and his friend personally invested another $750,000 from his personal wealth. Soon by 1999 Milner, his friend Finger and investment firm NCH created a company called NetBridge in 1999. By 2000 he became the president of the company. The company worked on various US internet business models and created companies like Portal list, Molotok.ru inspired from eBay, Boom.ru inspired from GeoCities and an online shopping website called shop 24×7 taking the inspiration from Amazon.com. within a year NetBridge merged with Port.ru in 2001 and Milner became the CEO of the new company called Mail.ru. Milner was also the CEO of Neftyanoi the company which is owned by Igor Linshits. Soon in 2005, Milner founded an investment organisation called Digital Sky Technologies. He became the chairman of investment firm in 2006. In 2012, Yuri retained his position of CEO of Mail.ru and Dmitry Grishin was appointed as new chairman of Mail.ru. In 2009 Milner partnered with Mark Zuckerberg and aquired 1.96% stake in Facebook for $200 million. Milner changed his company’s name from Digital Sky Technologies to “Mail.ru Group” in 2010 and his group includes Odnoklassniki.ru, ICQ, small stake in Russian Equivalent of Facebook called VKontakte, and e-Port. Milner became the CEO of DST Golbal and remained as the board of directors of Mail.ru Group. His commercial interest for DST global remained in Zynga, Facebook, and Groupon. In 2011 Milner invested $150,000 in each of the star up program by Y Combinator. the same year his company also invested $800 million in twitter and another $50 million in ZocDoc.
Yuri Milner is married to Julia Milner a former fashion model, artist and photographer in 2004. The couple together has two children.
Yuri Milner an international investor and businessman has a net worth of $1.8 billion. His net worth has increased by over $10 million in a year. he earn his tremendously high wealth by making millions of dollars worth of investments in big companies.
The internet investor owns a mansion in Los Altos Hills, California, United States worth $100 million. The mansion is in spread of 18 acres and has built in his home in the area of 25,500 square foot and includes a car wash, tennis court, indoor and out door swimming pools, a ballroom, dinning room, wine cellar, personal gym, personal spa and a home theater. His mansion features 8 bedrooms and 9 baths. currently the mansion is worth over $150 million. and current annual tax bill for the mansion is $304,000
Yuri along with his wife and daughters resides in his penthouse apartment located in San Francisco. his penthouse is covered in marble floor with huge windows overlooking the glittering city. The home is painted with combination of green, orange and purple. One of his rooms in the apartment features nine giant screen TV which airs business channels like CNBC and CNN. The home is in spread of 5000 square feet and features 4 bedrooms and 5 baths. This apartment is currently worth over $50 million.
Apart from this Milner loves to cruse in his luxury cars like Rolls Royce, Maybach, Cadillac and BMW with combined worth of over $350,000.
Apart from spending his tremendously high wealth on luxuries, Milner is closely associated with organisations and research teams working for betterment of Science.
Awards and Recognition
Some of the awards and recognition of Yuri Milner are as follows:
1) The Midas List 2013 by Forbes in May 2013.
2) Power Map’s 500 most powerful people on the planet by Foreign Policy in May 2013.
3) Most Influential 50 by BloombergMarkets in September 2012.
4) The Silicon Valley 100 according to Business Insider in February 2012.
5) Top 50 Digital Power Players by Hollywood Reporter in January 2012.
6) Businessperson of the Year Award by Top 50 Fortune in November 2011.
7) Man of the Year’ by GQ’s Russian Edition in October 2011.
8) Features in Vanity Fair’s New Establishment List 2011 by Vanity Fair.
9) Kommersant of the Year Award in June 2011.
10) The 100 Most Creative People by Fast Company in May 2011.
11) The Midas List of Tech’s Top Investors by Forbes Magazine in April 2011.
12) World’s Billionaires list by Forbes Magazine in March 2011.
13) The Smartest People in Tech by Fortune in July 2010.