Usmanov, 59, owns a near 30 per cent stake in the Gunners, shared with Farhad Moshiri, but is still being kept off the board by American majority shareholder Stan Kroenke.
The Uzbek-born businessman, who made his £13.3bn fortune in Russian mining and lumber operations, recently claimed 'the current politics of the club's management' were partly responsible for the club's eight-year trophy drought.
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| Arsenal shareholder,Alisher Usmanov |
He tops the respected list following a £985m rise in wealth from last year, when he ranked second behind Mittal.
Mittal, who owns 33.3 per cent of Premier League strugglers QPR, made his wealth in the steel industry and his family is worth a combined £10bn
Chelsea owner Roman Abramovich ranked fifth in the list, with a value of £9.3bn.
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