Roman Abramovich Net Worth, Early life, Family,Business, Politics Controversies

Roman Abramovich Net Worth is one of the highest in Russian Community.He is 139th Billionaires on the Forbes Lists.

Synopsis

Roman Abramovich is the owner of the principal stake of steel company Evraz, Norilsk Nickel and The soccer team Chelsea. He is the owner of the world’s second-largest yacht of value $400 in 2010 with 533-foot Eclipse. Abramovich became primary owner of oil firm Sibneft in the 1990s with the help of Boris Berezovsky. He sold 73% stakes of Sibneft in 2005 for the price of $13billion to a state-owned gas company Gazprom. Roman Abramovich net worth with the political support of the then president of Russia Borris Yeltsin and Boris Berezovsky rose to present height.

Early life in Brief

Abramovich is Jewish with ancestors from Taurage, Lithuania. They spell the family name Abramovich as “Abramavicius” pronounced as “Ab-ra-ma-vee-choos”. Roman is a son to Arkady (Aron) Abramovich and his mother is Irina Michalenko. Roman Abramovich chairs the Federation of Jewish Communities of Russia to present President Vladimir Putin’s alley.

Roman Arkadyevich Abramovich was born on 24 October 1966 at Saratov, Russia. His mother died when he was 18 months old from back-street abortion. Father of Abramovich died in an accident construction site while he was 3. His uncle took him to Ukhta and understood the value of saving at an early age. Abramovich started to earn at an early age and paid for his education. He went to School no. 232 in Ukhta and School no. 2 in Ukhta. He studied at Industrial Institute in Ukhta of Moscow Automobile and Road Construction University and Moscow State Law Academy of Gubkin Russian State University of Oil and Gas.

Abramovich Family

Being Jewish he donates to the Chabad movement. Abramovich married for first time in 1987 with Olga Lysova and get divorced after three years in 1990. In 1991, Abramovich then marries Irina Vyacheslavovna Malandina, an Aeroflot stewardess. They have five children, Ilya, Arina, Sofia, Arkadiy and Anna. The couple gets divorced in 2007 due to Abramovich’s affiliation with Dasha Zhukova a former girlfriend of Marat Safin. A year later, Abramovich married Dasha in a private ceremony in 2008. The couple bore two children, a son, Aaron Alexander and a daughter, Leah Lou. In 2017, Roman Abramovich announced the divorce with Dasha.

Business Involvement

Abramovich at first starts investing on contra bands from the money he got in his first marriage. The investment on the contra bands gave huge returns to an advantage of Roman Abramovich net worth. This encourages him to take on manufacturing plastic toys and automotive parts in the early 1980s. At the end of the 1980s, the famous Perestroika Russian Program was introduced and Abramovich and Olga established a dolls company. This was a profitable investment and makes him enthusiastic.  Abramovich business then expands more from oil conglomerates, pig farms, tyre retreading and even bodyguard recruitments in the early 1990s.

In that period he started companies that conducted resale, produced consumer goods, and acted as intermediaries, eventually specializing in the trading of oil and oil products. In 1992, Abramovich was arrested for the theft of property of government using fake documents. Roman Abramovich under cooperative investigation and compensation by the diesel’s buyer, the Latvian-US company Chikora International was at release.

In 1995, his net worth rise with the help of Boris Berezovsky assistant to President Boris Yeltsin with a monitoring interest share of large oil company Sibneft. He acquired the deal through controversial loans-for –shares programs. Roman Abramovich later confessed in a court of bribery while acquiring the assets. In the period of 1990s, Abramovich established more 10 visible firms making him closer to Boris Yeltsin at the age of 30.

The friendship with Boris Berezovsky led Abramovich to “the family”, the close circle around the then president, Boris Yeltsin along with his daughter and Alexander Korzhakov, a chief security adviser to Yeltsin. The advantage was, Abramovich and Berezovsky formed a company registered Runicom Ltd and five other Western European subsidiaries. To an advantage to Roman Abramovich net worth in the mid-1990s, he heads Moscow affiliated Runicom S.A. a Swiss firm.

In 2015, a music sharing start-up Music Messenger in Israel was under the investment of Abramovich. The Music Messenger was founded by OD Kobo. The investment with the partaking of several associates of Abramovich like David Guetta, Nicki Minaj, Tiesto, Avicii, will. i. am, Benny Andersson in global music industry becomes grand. This becomes a milestone in the development of Roman Abramovich net worth.

Involvement on Sports

Abramovich owned the companies that control Chelsea Football Club in West London in 2003. The club finished Premier League in second place. The club after the takeover embarked on an ambition to make it par the footballing dynasties including Real Madrid and Manchester United. They even worked on the plan of making new state-of-the-art training complex for football. This lift up another basis of Roman Abramovich net worth.

The takeover made the club triumphant with 13 major trophies of UEFA, FA Cup and Premier League titles. The club went to loss for some time deliberately and many football managers were on a list of being sacked. At the present, it is said that Antonio Conte is managing Chelsea in 2017 an end to a search of Abramovich.

Abramovich, with patriotic feelings, help Russian Football Team sponsors a foundation in Russia named National Academy of Football.

Abramovich supports an Ice Hockey Team Metallurg Novokuznetsk in Russia through his company Evraz. He supported another Ice Hockey Team Avangard Omsk before. This is an absolute advantage to Roman Abramovich net worth.

Political Involvement

Abramovich started his political involvement through the State Duma as an elected representative for the Chukotka Autonomous Okrug of Far East Russia. Roman was an initiator of the Charity Pole of Hope to help the people of Chukotka, especially children. Abramovich wins an election in December 2000 as a Governor of Chukotka, replacing Alexander Nazarov.

As a Governor of Chukotka from 2000-2008 spent over US$1.3 billion of his own for the development of the region. In 2003, Abramovich became “Person of the Year” by Expert a business magazine along with Mikhail Khodorkovsky. In July 2008, he resigned from the Governor of Chukotka. Upon his role as a Governor the increment of the average income salaries of the region from $165 in 2000 to $825 per month in 2006.

Abramovich and Controversies

Abramovich in his life scenarios fell to various controversies and rose out. Boris Berezovsky, in 2008 complaints about harassment with threats and intimidation along with selling the valuable shares at less than their true values.

Berezovsky, in 2011 filed a case on the court against Abramovich with an accusation of blackmail, breach of trust and breach of contract and seeking over 3 billions of pounds in compensation. The court dismisses the case on the basis of evidence and reliable witness.

The Times reports the affirmative answers to bribery by Abramovich on obtaining oil and aluminium assets in 2008. He even at some time faces an accusation of share-dilution by Sibir Energy, co-owned by the billionaire Shalva Chigirinsky.

In 1992, Abramovich gets an arrest for theft of 55 cisterns of diesel fuel of worth 3.8 million pounds using fake documents. Theft charges on him simultaneously drop after the oil production factory on conditions of cooperation of Abramovich and compensation by the diesel’s buyer, the Latvian-U.S. concern Chikora International.

Abramovich was on an allegation involving IMF loan with using the amount as slush fund total $4.8 billion. The audit sponsored by IMF found later to spent appropriately. Russia’s antitrust body at some point claimed Evraz a company owned by Abramovich breached the Russian Competition Law. The allegation involves the offer of unfavourable terms for contractors and discrimination of domestic consumers for coking coal used for steel production.

In a dispute with Kolomoyski, Abramovich at some point has lost a lot of money to him according to Vladimir Putin. The President even claims Kolomoyski scamming Roman Abramovich. All controversies are muddy patches for a growth of Roman Abramovich net worth for specific reasons.

Interest, Assets, Net Worth

He plays a source of funds and sponsor of various Photography Exhibitions at Somerset House and Gilbert Collections in 2005. Abramovich bought work of arts in Auction Market like Francis Bacon’s Triptych 1976 and Lucian Freud’s Benefits Supervisor Sleeping in 2008. Roman Abramovich sponsors a Garage Center for Contemporary Culture/gallery of contemporary Arts in 2008. Dasha Zhukova still manages The centre.

Abramovich owns one of the world’s largest Yacht Eclipse of 162.5 metres. The Yacht of cost $400 million is a product manufacture of Germany by Blohm+Voss.The designer of the Yacht Terence Disdale. Roman owns Pelorus built in 2003 by Lurssen for Abdulmalik Al-Sheikh, before owning Eclipse. Other boats were Sussurro, Ecstasea, Le Grand Bleu and Luna.

Roman Abramovich is an owner of a private Boeing 7667-33/ER, registered in Aruba as P4-MES. The name of the aircraft is The Bandit. The estimated cost of the aircraft is $74 million dollars with a renovation. The aircraft is built up with missile avoidance system similar to Air Force One. Dassault Falcon 7X with LX-MES is among other air crafts Abramovich owns and called Mini-Bandit with similar livery to The Bandit. The assets are among Roman Abramovich net worth of $9.2 billion in 2017.