- Birthday1st Jan, 70
- Birth PlaceRussia
- Marital statusMarried
Best known as the co-founder and current president of the Russian investment fund Digital Sky Technology, specializing in internet sector, billionaire Yurin Milner is a savvy internet investor. He hit the billionaire list last year as the value of his social media holdings especially in Zynga, Facebook and Groupon are growing day by day. Through his company DST, he put an early investment of $200 million in Facebook in 2009, based on its $10 billion valuation, and later invested $100 million followed by another $500 million in partnership with Goldman Sachs, making them one of the largest shareholders in Facebook with 10% stake, now worth of $5 billion.
In year 2011, backed primarily by billionaire oligarch Alisher Usmanov and others, his DST Global even bought stakes in Twitter, Airbnb, Spotify and Chinese online retailers Alibaba Group and 360buy.com. In 2010, Yuri Milner split up his DST into two parts, taking email portal Mail.Ru public, now the Russia’s biggest Internet firm. Yuri’s future business plans focuses on investing in every startup that comes out of Silicon Valley-based incubator Y Combinator, and is even industrializing venture capital.
Yuri Milner works like a robot at furious pace, admits his wife Julia, a contemporary artist who loves to decorate his house and office with her paintings. A management graduate of the Wharton business school, Yuri has made himself a billionaire, standing atop in Silicon Valley and redefining how tech investing is done. He was named ‘Yuri’ by his parents, as he was born the same year the Russian cosmonaut Yuri Gagarin travelled n space. Also the member of the Presidential commission for Modernization and Technological Development of the Russian economy, this former particle physicist likes to play Chess for fun. He loves to keep an eye monitoring Twitter feeds mentioning DST and watching Discovery Channel is his indulgence.
Family & relationships
Silicon valley home
The savvy internet investor and newly minted billionaire Yuri Milner bought the French Chateau-style mansion In Silicon Valley for record $100 million, known as the highest price paid for a single family dwelling in the United States. He bought this 18the-century French chateaux home from Fred Chan, the founder of ESS technologies. So far, Yuri Milner has no plans to shift to his new home
Location: This 11-acre symmetrical limestone mansion is located on Paloma Road in Los Altos Hills, California, United States.
The Setting: Designed by the prestigious William Hablinski with his partner Richard Manion’s Architectural & Planning Group, the sprawling 25,000 sq. ft mansion with sizeable grounds sets on a spectacular 18-acre hilltop site with breathtaking panoramic views of the San Francisco Bay. This classical estate is organized around a central entry court enclosing a formal entrance on three sides.
Accommodation: The mansion got a 25,500 sq. ft of living area, purposely located on the second floor to take advantage of the spectacular Bay views. With a frieze around a skylight in the entryway, the home includes its own car wash, tennis court, along with indoor and outdoor pools. The architectures have designed the north wing solely for entertainment on a grand scale with ballroom, formal dining room, home theater, wine cellar and spa with gym. Whereas, the south wing of the house includes family rooms, bedroom suites and nine bathrooms.
Yuri Milner, the tech investor lives with his artist wife Julia and his two daughters in his high-rise penthouse apartment. Across the marble floor of the palatial living area, there is a huge set of windows overlooking the city glittering under the heaps of snow. The hallways are painted with a wild combination of purple, green and orange, credit to Milner’s contemporary artist wife.
Location: The penthouse apartment is located in San Francisco.
Features: In one of the rooms of Yuri Milner’s penthouse, there are nine giant flat-screens airing overseas business channels like CNN and CNBC. The desk area in the home boasts three screens, with one showing Twitter feed of mentions of Milner or his businesses and DST Global. Further, on to the left of the home, a glassed-in area has a small grove of lemon trees.
The recently minted billionaire and savvy internet investor, Yuri Milner works like a robot at furious pace. To keep pace with the fast developing technological world, Yuri uses an iPhone, a phone that connects the user to all the applications in the best possible way. Known for its widely used and notable feature of ‘web browsing’, the iPhone offers best browsing experience which can’t be felt in any other mobile. It can be assumed that with the use of iPhone, Yuri Milner finds it easy to keep himself updated with the Twitter feeds, mentioning him or his businesses and DST Global.