The Russian billionaire who is one of Facebook's biggest investors believes that the social networking company's potential is "not fully understood" — even by the company itself.
Alisher Usmanov, the Uzbekistan-born founder of USM Holdings who is Russia's richest man according to Forbes, told CNBC that he was happy with the outcome of the company's much-publicized initial public offering, the biggest of 2012.
Usmanov said: "We are actually waiting for the next surge.We believe the company could be even more successful. Because this is a company that has faith in its prospects, faith in its creator Mark Zuckerberg."
(Read More: Facebook IPO - CNBC Special Report )
Usmanov made more than $1 billion selling off part of his stake in the company, which he bought into in 2009. Asked if he would sell off his remaining shares when the lock-up expires in May, Usmanov said: "We will see."
"We are happy with what we did. We bought at the right time at the right price," he said.