WASHINGTON, October 4 (RIA Novosti) – Social media titan Twitter’s plan to raise up to $1 billion in its initial public offering (IPO) is set to make one Russian billionaire even richer, according to the company’s registration statement filed with the United States Securities and Exchange Commission.
Among the major investors listed on the filing is Russian entrepreneur Yuri Milner’s investment firm DST Global, which is identified as holding more than 5 percent of the company’s shares, although the precise amount was not stated in the document, which was filed Thursday.
Milner is well-known for his astute investments in social media companies. In 2009 he made a $200 million investment in Facebook, a sum he saw quintupled when the company went public in 2012, according to Forbes.com.
Milner’s DST Global first invested in Twitter in 2011, whose social media platform is now used by everyone from Lady Gaga to the Pope to Iranian President Hassan Rouhani. DST put $400 million into the company, according to Forbes.com.
As of March 2013 Milner was Russia’s 98th richest man with a net worth of $1.1 billion, according to Forbes.
