In Israel and Russia, Roman Abramovich is a well-known businessman and politician, best known as the former owner of Chelsea F.C. When Abramovich was at his height of wealth, he was Israel’s richest man.
As a result, he is Russia’s tenth richest person and the world’s 113th wealthiest person. Before the financial crisis of 2008, studies stated that Abramovich’s net worth was far more than it is today.
Roman Arkadyevich Abramovich was born in Saratov, Soviet Union, on October 24, 1966. Lithuanian-born Abramovich’s parents were exiled to Siberia during the Soviet takeover of Lithuania.
Roman’s parents had died by the time he was four years old. His great-grandfather was likewise deported to a Soviet labor camp. When the Soviet Union was crumbling, and capitalism was creeping in, he made his money as a street seller. Rubber ducks and tires were among the first big commercial successes.
Career & Achievements
While Roman Abramovich was still serving in the military, he launched the beginnings of his business career. He served his country during that time as an officer in the Soviet Army for several years.
In 1992, he was again taken into custody on charges of stealing government property. Despite this, the investigation was restarted, and Roman could escape the situation without fearing costs. Between 1992 and 1995, he founded five businesses that made various goods for sales, including consumer goods.
Roman Abramovich also served as Chukotka’s governor from 2000 to 2008. He began his career in an unexpected place: as a street seller. He’s also worked for small mechanical manufacturers in his career so far.
He is the owner of Millhouse LLC, Evraz, and Norilsk Nickel, where he owns a significant amount of shares in each company. Roman is a football fanatic who has made significant investments in the Premier League and Chelsea Football Club due to his enthusiasm for the game.
On the other hand, he also invested $15 million in a startup formed by OD Kobo in 2015. Throughout his career, he’s been accused of bribery, theft, loan theft, and other offenses, yet he’s always rebounded stronger after these little missteps.
According to reports, Roman Abramovich owns a portfolio of fundamental properties worth more than £340 million. As you might imagine, there are many properties to choose from.
On the other hand, he recently purchased four townhouses on Manhattan’s Upper East Side. By purchasing four properties for $74 million, Abramovich aims to merge them into a single residence nicknamed an “urban castle.” At $100 million, renovation costs were expected to exceed the value of the houses.
It’s one of the more prominent properties in his collection, a former hotel on French Riviera Cote d’Azur. Abramovich paid just over 17 million pounds for the 12-bedroom property.
The millionaire will utilize the hotel as a secret vacation spot. The Royal Family used to stay here. A European court ordered Abramovich to pay 1.2 million Euros in additional property taxes because he undervalued the property from 2006 to 2007. London’s Kensington Palace Gardens is also home to a large, 125-million-pound residence owned by Abramovich. Another 30-million-pound property in London is a three-story waterfront penthouse situated in Chelsea.
A vast Israeli property purchased by Abramovich in 2020 was rumored to have cost $65 million. A deal of this magnitude was completed for the first time in Israeli real estate history. For the first time in his life, Abramovich purchased a 200-acre, $18 million ski ranch in Colorado in 2008. In addition, for $5.6 million, the Russian millionaire purchased the entirety of a local ski slope.
There are countless examples like these. Abramovich owns many essential assets. However, this is just a tiny sample. An estate in St. Bart’s worth 54 million pounds is also part of Abramovich’s real estate holdings. Finally, Abramovich purchased Gal Gadot and her husband’s Tel-Aviv hotel for $17 million from Abramovich. As part of the dissolution of his second marriage, he was required to turn over an 18 million pound estate in West Sussex.
Roman has tied the knot three times throughout his lifetime. He married Olga Yurevna Lysova in 1987, but the couple divorced two years later. Irina Vyacheslavovna Malandina, his second wife, was evicted from their home in 2007. Arina, Ilya, Anna, Sofia, and Arkadiy are their five children.
Roman’s extramarital romance with Dasha Zhukova, who was just shy of 25 years old when they first started dating, was the cause of the breakdown of his second marriage. Their romance was widely reported in the media. Reports indicate that the monetary value of the divorce settlement reached between Malandina and Roman was 5.5 million Euros.
In 2008, he married his fiancée Dasha Zhukova, but unhappily, their marriage also failed, resulting in their divorce this year. The couple was parents to two children. Presently, he resides in London, United Kingdom.
Roman Abramovich’s Net Worth
An Israeli-Russian entrepreneur, Roman Abramovich, is worth $13 billion. He’s a household name in Israel and Russia but is best known as the previous owner of Chelsea F.C., an English Premier League football team he sold in 2012. Abramovich has been Israel’s richest man on several occasions due to his vast fortune.
Furthermore, he is Russia’s 10th-richest citizen and the 113th-richest individual on the planet. It has been said that before the 2008 financial crisis, Abramovich’s net worth was significantly larger.
He is one of Russia’s wealthiest and most philanthropic men. Over the years, more than $2.5 billion of Abramovich’s money has been contributed mainly towards the development of schools and infrastructure in Chukotka, a Russian federal subject that he formerly ruled over.
Abramovich has earned a reputation as a polarizing personality over the years. An estimated 80% of his money is said to have come from selling Russian state-owned assets following the collapse of the Soviet Union.