The Facebookers Will Inherit the Earth

Move Over Yuri Milner, Russia’s Richest Billionaire Is Already Spending His Facebook Guap

via Wikimedia

Nobody does nouveau-riche quite like a Russian oligarch. But Alisher Usmanov, the richest man in Russia, might have perfected the form. Although most of the press around Digital Sky Technologies (DST), the valuation-happy venture capital firm, focuses on founder Yuri Milner, Bloomberg reported earlier this year that Mr. Usmanov actually owns an 80 percent stake in the firm. That means that when DST sold Facebook shares worth about $1.7 billion during the company’s IPO, about $1.4 billion of that went to Mr. Usmanov.

And the man hasn’t wasted any time making it rain. In the days since the IPO, Mr. Usmanov, who first made his fortune in mining and metals, has purchased the biggest private jet in Russia, a wide-body Airbus A340-300. Putting Putin to shame, apparently. Read More

Visting Dignitaries

Swedish Startup Execs Arrested for Alleged Sexual Assault Against a 19-Year-Old at the W Hotel

Mr. Adalberth via Crunchbase

Early this morning, the New York Post reported that two “Swedish tourists” were arrested for allegedly molesting a 19-year-old Texas woman at the W Hotel on Lexington Avenue and East 50th Street. The alleged attack occurred at 8 p.m. on Saturday.

Case details on the New York State Court site confirm that Niklas Adalberth, 30, was one of the men arrested. The Post reports that Jens Saltin, 31, was also arrested. “Adalberth allegedly straddled her body while he and Saltin ripped off her clothes and fondled her,” the paper said. According to the document, the arrests occurred Saturday night around 10.30 p.m.

Both Mr. Adalberth, a former economics student, and Mr. Saltin are executives at the Swedish startup Klarna, which, based on this news, was trending just under Pinterest on Crunchbase earlier this afternoon. Read More