Russia's Richest Man Buys $100 Million Apple Stake

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Russian billionaire Alisher Usmanov, who is also Britain's richest man, has bought a $100 million stake in Apple.

Usmanov, who is the world's 34th richest man according to Forbes magazine, made $1.3 billion on his early investment in Facebook following the company's IPO in 2012.

Usmanov is worth 13.3 billion pounds ($19.95 billion), making him the U.K.'s richest man, according to the recently released Sunday Times Rich List.

Apple shares have tumbled nearly 40 percent from their record highs in September 2012.

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