Roman Arkadyevich Abramovich is a Russian oligarch, businessman, and politician who is worth a billion dollars.
As a result of Russia’s controversial loans-for-shares privatization scheme, Abramovich was able to amass substantial wealth in the years following the demise of the Soviet Union, purchasing Russian state-owned businesses at prices significantly below market value. Abramovich was a confidant of both former Russian President Boris Yeltsin and current Russian President Vladimir Putin during their respective administrations.
Besides being the major owner of the private investment corporation Millhouse LLC, Abramovich is most recognized outside of Russia as the owner of Chelsea Football Club, which plays in the Premier League. From 2000 to 2008, he served as Governor of the Chukotka Autonomous Okrug in Russia. According to Forbes, Abramovich’s net worth in 2019 was US$12.9 billion, making him the second-wealthiest person in Israel, the eleventh-wealthiest in Russia, and the richest person in the Portuguese Republic.
Roman Abramovich Net Worth in 2022
Known professionally as Roman Abramovich, he is an Israeli-Russian business magnate with a net worth estimated at $12.5 billion. Despite the fact that Abramovich is a well-known figure in Israel and Russia for his engagement in politics and business, the majority of people are familiar with him as the former owner of the English Premier League team Chelsea F.C. Because of his tremendous wealth, Abramovich has been known to be the richest individual in Israel at various points in time.
He is also the tenth wealthiest person in Russia and the 113th wealthiest person in the entire globe. According to reports, Abramovich’s net worth was significantly larger prior to the 2008 financial crisis, during which he suffered a billion-dollar loss.
He is considered to be one of Russia’s most benevolent billionaires. Over the years, Abramovich is reported to have donated more than $2.5 billion of his riches, the most of which has gone toward the development of schools and infrastructure in Chukotka, a Russian federal subject that he briefly ruled.
The Russian businessman, Roman Abramovich, has earned a reputation as a somewhat controversial figure over the years. Many consider Abramovich to be an “oligarch,” and it is said that he made the majority of his money by selling Russian state-owned assets during the disintegration of the Soviet Union.
Conor McGregor, the UFC fighter, maybe on the verge of securing his next business investment. McGregor indicated an interest in purchasing Chelsea from its owner, Roman Abramovich, in a statement on Wednesday.
“I’d like to look into this @ChelseaFC,” McGregor wrote on Twitter.
— Conor McGregor (@TheNotoriousMMA) March 2, 2022
Roman Abramovich Early Years
Roman Arkadyevich Abramovich was born on October 24, 1966, in Saratov, Soviet Union, to Roman Arkadyevich Abramovich’s parents. Abramovich is sprung from a Lithuanian Jewish family, and his parents were exiled to Siberia as a result of the Soviet conquest of the country. Additionally, his grandfather was deported to a Gulag. By the time Roman was four years old, both of his parents had passed away. When the Soviet Union began to crumble and capitalism began to creep into the country, he made his fortune by selling products on the streets as a street trader. Early commercial achievements included the sale of consumer items such as tires and rubber ducks.
Roman Abramovich Rise to Prominence
Roman Abramovich amassed his great wealth as a result of his tight relationships with Russian government leaders, which enabled him to expand his role in the oil business even further. When the Russian oil giant Sebneft went public in 1995, Abramovich bought a commanding majority of the company’s stock. Later, he made significant investments in the steel industry in Russia. In recent years, Roman has shifted his attention to the purchase of technology-based businesses.
Roman Abramovich Collection of art
Roman Abramovich is well-known for his extensive personal art collection, which is worth millions of dollars. He also sponsors a number of exhibits that are open to the general public on a regular basis. In 2008, he purchased a Francis Bacon painting at auction for about $86.3 million, which was the highest price ever paid for a painting. In addition, he paid around $33.6 million for a sculpture by Lucian Freud.
Roman Abramovich collection of yachts
Mr. Abramovich has amassed a substantial boat collection and is often regarded as the world’s greatest spender on yachts, having amassed a “fleet” of vessels with a combined value in the billions of dollars. Mr. Abramovich is the current owner of the Eclipse, a custom-built yacht that cost him around $400 million to construct. The Eclipse, which was previously the world’s largest privately-owned yacht, is equipped with two swimming pools, two helicopter landing pads, and a detachable submarine, among other amenities.
In the past, Abramovich was the owner of the Pelorus, another spectacular yacht that was given to Abramovich’s ex-wife as part of the settlement of their divorce. She later sold the boat for $300 million, which was a record for her. Prior to the Eclipse, Abramovich owned five yachts, the most recent of which was the Luna, which sold for $360 million.
Roman Abramovich Collection of aircraft
Roman Abramovich also has a private aircraft fleet that he uses for business purposes. Perhaps his most spectacular aircraft is a Boeing 767-33A/ER known as The Bandit, which he flies often. Following its purchase from Hawaiian Airlines, the plane was refurbished and adapted to fulfill the specific requirements of Abramovich. The plane is equipped with a dining room that seats 30 people and luxurious bathrooms. Aside from that, The Bandit is equipped with advanced missile avoidance technologies, which are the same as those used by Air Force One.
Roman Abramovich Collection of Cars
According to reports, Abramovich’s automobile collection is worth more than $11 million. One of his most remarkable automobiles is a Ferrari FFX, which has a top speed of 190 mph and is one of just 29 ever built. He also owns a Pagani Zonda Roadster, which is a limited-edition model. There were just 15 of them made in total. In addition to the Bugatti Veyron, a Mercedes AMG GT3, and an Aston Martin Vulcan, Roman owns a number of other high-end automobiles.
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Roman Abramovich Real Estate
According to reports, Roman Abramovich owns a real estate portfolio worth more than 340 million pounds. Without a doubt, there are almost too many properties to mention them all. As an example, he recently purchased four adjacent townhouses on Manhattan’s Upper East Side, which are considered to be one of his most famous investments. Abramovich purchased the four properties for a total of $74 million and intends to unite them all into a single structure that has been termed an “urban castle” by the media. Renovation expenditures were expected to exceed the value of the homes itself by $100 million, according to projections.
Another property in his portfolio that stands out is a former hotel on the Cote d’Azur, which is the French Riviera. Approximately 17 million pounds was spent by Abramovich on the purchase of the 12-bedroom building. The billionaire intends to utilize the hotel as a personal retreat during his tenure. The Royal Family used to stay at the hotel on a regular basis. During the years 2006 to 2007, Abramovich undervalued the property, which resulted in a European court ordering him to pay an additional 1.2 million Euros in additional property taxes. He also owns a large property in Kensington Palace Gardens in London, valued at more than 125 million pounds. Another 30-million-pound London property contains a three-story waterfront penthouse in Chelsea, which is worth another 30 million pounds.
In 2020, it was claimed that Abramovich had spent $65 million for a sprawling estate in Israel, according to media reports. As the largest residential real estate transaction in Israeli history, the acquisition broke multiple Israeli real estate records, including the largest residential real estate acquisition in the country’s history. After failing in his quest to purchase a whole ski town in Colorado, Abramovich settled on a 200-acre ski ranch in Colorado for $18 million in 2008. As an added bonus, the Russian millionaire spent $5.6 million to purchase a whole ski slope in the area.