|Date of Birth:
|October 24, 1965 (58 years old)
|Politician, Businessperson, Investor
What is Roman Abramovich’s Net Worth?
Roman Abramovich is a Russian entrepreneur who has a net worth of $13 billion. The majority of people are aware of Roman Abramovich as the former owner of the English Premier League team Chelsea F.C., despite the fact that he is well-known in Israel and Russia for his role in politics and business.
Abramovich has occasionally held the title of the richest person in Israel due to his significant wealth. The 113th richest person in the world, he is also the tenth richest person in Russia.
Abramovich reportedly lost billions after the 2008 financial crisis, even though his net worth was actually much larger at the time. Among Russian millionaires, he is one of the most giving.
More than $2.5 billion of Abramovich’s money is said to have been contributed over the years, primarily to build infrastructure and schools in Chukotka, a federal subject of Russia that he briefly controlled.
Roman Arkadyevich Abramovich was born on October 24th of 1966 in Saratov, Soviet Union. Abramovich is a member of a Lithuanian Jewish family, and during the Soviet occupation, his parents were transported to Siberia. A Gulag was also used to send his grandfather.
Roman’s parents both lost away when he was four years old. When the Soviet Union started to disintegrate and capitalism began to take hold, he made his initial fortune by selling things as a street trader. Early commercial achievements included the sale of consumer items like rubber ducks and tires.
Roman Abramovich attained his amazing amount of riches by forging tight ties with Russian government figures, which enabled him to expand his engagement in the oil business. Abramovich bought the bulk of the shares in Sebneft, a Russian oil business, in 1995.
Later, he made large investments in Russia’s steel industry. Roman has concentrated more on buying tech companies in recent years.
Roman Abramovich paid an estimated $250 million to purchase the football team Chelsea in 2003. Roman invested countless millions of dollars—possibly billions—into the team throughout the course of the following nine years, bringing in expensive players and assisting Chelsea in becoming the most renowned team in the contemporary game.
Roman declared he will be giving his ownership stake in Chelsea to a charitable foundation on February 26, 2022. Chelsea’s fortune was reportedly between $1 and $2 billion at the time he made his declaration.
On April 29, 2022, it was revealed that British businessman Jim Ratcliffe had paid $5.3 billion for Chelsea, of which $3.2 billion would go to the club’s charitable trust and the remaining $2.1 billion would be invested in the organization over the following ten years.
Roman Abramovich is renowned for his pricey private art collection. Additionally, he provides financial support for a number of public exhibitions. He spent almost $86.3 million at an auction in 2008 to acquire a Francis Bacon painting.
For roughly $33.6 million, he also bought a Lucian Freud piece. Due to his huge boat collection and his acquisition of a “fleet” of yachts with a combined value of hundreds of millions of dollars, Abramovich is regarded as the top yacht buyer in the world.
The Eclipse, a custom-built yacht that cost Abramovich over $400 million, is currently owned by him. The Eclipse has two swimming pools, two helicopter landing pads, and a retractable submarine. It was previously the largest privately owned yacht in the world.
Another spectacular yacht that Abramovich once possessed, the Pelorus, was given to Abramovich’s ex-wife as part of the divorce settlement. The yacht was then sold by her for $300 million. Prior to the Eclipse, Abramovich was the owner of five yachts, including the Luna, which sold for $360 million.
A fleet of privately owned aircraft is also owned by Roman Abramovich. The Bandit, a Boeing 767-33A/ER, is arguably his most remarkable aircraft.
The aircraft was acquired from Hawaiian Airlines and modified to suit Abramovich’s particular requirements. A 30-person dining area and opulent restrooms are available aboard the aircraft. The Bandit also boasts cutting-edge missile avoidance capabilities, the same kind that is employed by Air Force One.
The FBI declared in June 2022 that it would take two of Roman’s private aircraft. While the other was a Gulfstream, the first was a Boeing 787 Dreamliner. Apparently worth $400 million in total, the two planes.
At the time of the announcement, the FBI asserted that it had followed the planes, which are held through shell companies in the British Virgin Islands, as they traveled the globe, reportedly in violation of export restrictions put in place following Russia’s invasion of Ukraine.
In accordance with one of the sanctions put in place, US-made aircraft are not permitted to obtain the necessary permissions to be transported outside of Russia.
Roman Abramovich is said to have a real estate portfolio worth more than 340 million pounds. It goes without saying that there are almost too many properties to list. Nevertheless, one of his most significant purchases was a group of four nearby residences in Manhattan’s Upper East Side.
Abramovich paid $74 million purchasing the four buildings and intends to meld them into a single structure that the media has called an “urban castle.” The estimated cost of renovations would be $100 million more than the properties’ actual cost.
A former hotel on the French Riviera’s Cote d’Azur is another noteworthy asset in his portfolio. Abramovich paid somewhat more than 17 million pounds for the 12-bedroom building. The hotel will be the billionaire’s private retreat.
The Royal Family used to stay at the hotel. A European court ordered Abramovich to pay 1.2 million more euros in property taxes as a result of his undervaluation of the property between 2006 and 2007.
Abramovich also owns a huge 125 million pound property in Kensington Palace Gardens, London. A three-story waterfront penthouse in Chelsea is one of several properties in London worth 30 million pounds.
It was revealed in 2020 that Abramovich had spent $65 million on a sizable property in Israel. The purchase broke numerous Israeli real estate records because it was the biggest residential real estate transaction in history.
After failing to buy the entire Colorado ski town, Abramovich chose a 200-acre, $18 million ski property in 2008. In addition, the Russian millionaire paid $5.6 million to buy the entire local ski slope.
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