Roman Abramovich
Russian businesspeople
Roman Abramovich
Roman Arkadyevich Abramovich is a Russian business tycoon and the main owner of the private investment company Millhouse LLC. He is known outside Russia as the owner of Chelsea Football Club, an English Premier League football team. Abramovich is currently the 5th richest person in Russia and the 50th richest person in the world, according to the 2012 Forbes list, with an estimated fortune of UK£8.4 billion.
Biography
Roman Abramovich's personal information overview.
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News
News abour Roman Abramovich from around the web
Billionaire sends kids on trip of a lifetime
CNN - 8 months
He's spent billions of dollars on fulfilling dreams of Chelsea fans across the world -- now club owner Roman Abramovich is helping to fund a group of children's trip of a lifetime to Euro 2016.
Article Link:
CNN article
John Terry insists Chelsea players feel responsible for José Mourinho exit
Guardian (UK) - about 1 year
• Terry backs Guus Hiddink to restore confidence • Hiddink wants Didier Drogba to join Chelsea for third time John Terry has insisted Chelsea’s players feel responsible for the departure of José Mourinho but backed the interim manager, Guus Hiddink, to restore their confidence in the second half of the season. Flanked by the owner, Roman Abramovich, and Didier Drogba, Hiddink watched the reigning champions record only their second win from eight Premier League matches on Saturday against Sunderland to finally put some distance between themselves and the bottom three. The Dutchman, whose second spell at Stamford Bridge was confirmed before kick-off, will officially begin work on Tuesday having been parachuted in until the end of the season in an attempt to salvage something from the ashes of Mourinho’s departure. Continue reading...
Article Link:
Guardian (UK) article
Guus Hiddink confirmed as Chelsea interim manager until end of season
Guardian (UK) - about 1 year
• Dutchman steps in for second stint as caretaker manager • Hiddink unlikely to be considered by Roman Abramovich for permanent role Guus Hiddink has been appointed Chelsea manager on a caretaker basis until the end of the season after the sacking of José Mourinho. It will be the second interim stint for the Dutchman after he took charge for three and a half months at the end of the 2008-09 season when Luiz Felipe Scolari was sacked, and he went on to win the FA Cup. Hiddink is expected to be at Stamford Bridge for Saturday’s home game against Sunderland. Continue reading...
Article Link:
Guardian (UK) article
Soccer-Chelsea outclass Porto to ease pressure on Mourinho
Yahoo News - about 1 year
(Adds detail) By Clare Lovell LONDON, Dec 9 (Reuters) - Jose Mourinho's Chelsea turned from domestic whipping boys back to European stalwarts on Wednesday, beating his former club Porto 2-0 to top Champions League Group G. A 12th-minute own goal which rebounded off Ivan Marcano under pressure from Diego Costa and a well-worked second-half strike from Brazilian Willian ensured victory for the struggling English champions and sent Porto into the Europa League. Chelsea, cheered by a beaming owner Roman Abramovich, looked a completely different team from the one that has slumped to eight domestic defeats in 15 league games, including four at home.
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Yahoo News article
Ferguson backs Mourinho ahead of crunch Porto tie
Yahoo News - about 1 year
By Tony Jimenez LONDON (Reuters) - Jose Mourinho's job could be on the line when Chelsea host Porto in the Champions League on Wednesday and Alex Ferguson has urged the Londoners not to jettison their manager even if the result goes against them. Woefully out-of-form Chelsea have already lost 11 matches in all competitions this season but need only a draw against Porto to qualify for the knockout stages. Former Manchester United great Ferguson said Russian owner Roman Abramovich must ignore the criticism the club are receiving and keep faith in Mourinho.
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Yahoo News article
Struggling Chelsea announce £23m loss
Yahoo News - over 1 year
Chelsea made a loss of £23.1 million ($34.9m, 32.9m euros) last season, the Premier League champions announced on Monday. The west London club revealed their annual financial results until June 30, 2015 and reported the deficit kept them within Financial Fair Play limits. The Blues, owned by Russian billionaire Roman Abramovich, announced revenues of £314.3m, marginally down on the 2013-14 high of £319.8m.
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Yahoo News article
Chelsea have received over £1bn from Roman Abramovich but Russian owner is set to carry on spending
Daily Mail (UK) - almost 2 years
Chelsea owner Roman Abramovich’s interest free-loan to Chelsea has topped £1billion for the first time, according to the latest accounts for Fordstam.
Article Link:
Daily Mail (UK) article
Soccer-Deadpan Mourinho plays it cool as Chelsea celebrate
Yahoo News - almost 2 years
There was no celebratory run down the touchline, no dancing on the pitch, just a sober reflection of a job well done from Chelsea boss Jose Mourinho on Sunday after his side beat Crystal Palace to win the Premier League title. A 1-0 victory, sealed by Eden Hazard's goal on the stroke of halftime, meant Mourinho added a third league title to the two he won for Chelsea during his previous reign. Despite his deadpan demeanour, there was no doubting his pride as Mourinho once again proved himself master of what he calls the "most difficult league in Europe". "When you work so hard and you are champions you feel you got what you deserved, it's a good feeling," Mourinho, who left in 2007 after falling out with owner Roman Abramovich but returned in 2013, told reporters.
Article Link:
Yahoo News article
From the Back Pages, April 30: WATCH Leicester boss Nigel Pearson launch STUNNING rant
Hastings St Leonards Observer - almost 2 years
NIGEL PEARSON launched a bizarre rant at our man Ian Baker following Leicester’s 3-1 defeat to Chelsea last night - for asking a simple question. (The Express) Freddie Roach – Manny Pacquiao’s seven-time Trainer of the Year – suspects Floyd Mayweather may not show up for the Fight of the Century on Saturday. (Daily Mail) Leading clubs in England have voted in favour of suspending investigations into potential salary-cap breaches to protect the image of the Aviva Premiership. At a time when Saracens and one other club had reportedly been under investigation for alleged breaches, The Times understands that a majority of clubs have voted for inquiries to be suspended, in part for fear of alienating sponsors and fans, and jeopardising their position in negotiations with the RFU over a new relationship governing the release of England players. (The Times) Leicester 1, Chelsea 3: It told you everything you need to know about how Chelsea’s support regard their reputation in some quarters ...
Article Link:
Hastings St Leonards Observer article
Abramovich leads $30m investment round in Music Messenger app
Independent - almost 2 years
A mobile phone app that allows users to send music to each another for free has raised $30 million from private investors including Russian billionaire and Chelsea soccer club owner Roman Abramovich.
Article Link:
Independent article
Global Soccer: Chelsea Following Pragmatic Path Toward a Title
NYTimes - almost 2 years
As Chelsea inched toward a Premier League title with a snatch-and-grab victory against Manchester United, the owner Roman Abramovich looked happy.
Article Link:
NYTimes article
Meet Chelsea's newest £16.5million signing... as owner Roman Abramovich splashes out on Tel Aviv's Varsano Hotel
Daily Mail (UK) - almost 2 years
Roman Abramovich has bought Tel Aviv’s Varsano Hotel for 100million Israeli shekels (£17.1m). The Chelsea owner visits Tel Aviv on business and is expected to convert the hotel into his Israeli home.
Article Link:
Daily Mail (UK) article
Chelsea invite racism victim to Stamford Bridge as José Mourinho admits shame
Guardian (UK) - about 2 years
• Club issue apology to man identified as Souleymane S • Manager says he ‘refuses to be connected to these people’ • Mourinho unsure if cloud still hangs over club after Terry race case • Chelsea suspend two more fans involved in Paris Métro incident • Chelsea racists ‘pathetic and dreadful’, says Wenger • Video: Chelsea fans prevent black man boarding Paris Métro train José Mourinho believes Chelsea must do everything they can to punish the supporters who racially abused a French man on the Paris Métro this week, saying he does not know if a cloud still hangs over the club following their reaction to John Terry’s racial abuse of Anton Ferdinand in 2011. The Premier League leaders emphatically condemned the actions of a small group of fans in Paris on Tuesday night, when a 33-year-old man was subjected to racist chanting and not allowed to board a train at Richelieu-Drouot station. Chelsea have written to the victim, known as Souleymane S, and invited him and his family to attend the ...
Article Link:
Guardian (UK) article
'Trailblazer' Lampard to leave Chelsea
Yahoo News - over 2 years
Chelsea legend Frank Lampard on Monday brought down the curtain on his glittering career at Stamford Bridge as he announced he will leave the west London club when his contract expires at the end of June. Lampard had reportedly been offered a new deal on reduced terms by Chelsea, but he has opted to bring an end to his 13-year spell with the Premier League team. Several reports earlier on Monday claimed Lampard's representative has held talks with New York City over a prospective move to Major League Soccer's new franchise next March. He admitted it was a wrench to leave Chelsea after so many happy memories and he paid tribute to former chairman Ken Bates, who was in charge when he was signed from West Ham in 2001, and current owner Roman Abramovich, whose huge cash injection transformed the team into a European superpower.
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Yahoo News article
Mourinho vows to see out contract
Bucks Free Press - about 3 years
Jose Mourinho is determined to eclipse his own managerial record under Roman Abramovich by completing his contract as Chelsea manager.
Article Link:
Bucks Free Press article
Safe hands Cech still Mr Reliable for Chelsea
Yahoo News - about 3 years
Apart from 2006 when he suffered a serious head injury, Petr Cech has rarely made the headlines in 10 years at Chelsea but his safe hands have underpinned a decade's worth of silverware. Of all the hundreds of millions of pounds pumped into the club by Russian owner Roman Abramovich, the seven million paid to French club Stade Rennes for Cech have arguably offered the greatest return. When the lanky goalkeeper kept a clean sheet on his debut in 2004 - a 1-0 win over Manchester United - it was a portent of things to come. Later that campaign, as Chelsea marched to their first top-flight English title for 50 years, the Czech Republic international set a then Premier League record of 1,025 minutes without conceding a goal.
Article Link:
Yahoo News article
Soccer-Safe hands Cech still Mr Reliable for Chelsea
Yahoo News - about 3 years
(Adds quotes) By Martyn Herman Jan 11 (Reuters) - Apart from 2006 when he suffered a serious head injury, Petr Cech has rarely made the headlines in 10 years at Chelsea but his safe hands have underpinned a decade's worth of silverware. Of all the hundreds of millions of pounds pumped into the club by Russian owner Roman Abramovich, the seven million paid to French club Stade Rennes for Cech have arguably offered the greatest return. When the lanky goalkeeper kept a clean sheet on his debut in 2004 - a 1-0 win over Manchester United - it was a portent of things to come. Later that campaign, as Chelsea marched to their first top-flight English title for 50 years, the Czech Republic international set a then Premier League record of 1,025 minutes without conceding a goal.
Article Link:
Yahoo News article
Buyer Of The World's Most Expensive Painting Is Probably Not Sheikha Mayassa
Huffington Post - over 3 years
Last week Francis Bacon's "Three Studies of Lucian Freud" was purchased for a record-breaking $142,405,000 at Christie's, becoming the most expensive painting ever sold at auction. In typical art world fashion, the piece was sold to Acquavella Galleries on behalf of a very "secret" buyer. Rumors have since swirled over the anonymous purchaser, with both Steve Wynn and Roman Abramovich's names passed around as potential bidders. And this Tuesday the New York Post "exclusively" announced the alleged identity of the lucky collector who brought home the Bacon as Qatar’s Sheikha Mayassa. But, in what could be some of the most predictable news delivered across the internet, it turns out Page Six's claim is probably false. Bettina Prentice, a representative of Acquavella, explained to The Huffington Post that "the rumors circulating are incorrect." According to the gallery, Mayassa's not the winning Bacon bidder. So why did Page Six pin the Bacon tail on Mayassa? She is the daughte ...
Article Link:
Huffington Post article
Timeline
Learn about memorable moments in the evolution of Roman Abramovich
    FORTIES
  • 2015
    Age 48
    In 2015, Abramovich invested $15 million in Israeli music sharing start-up Music Messenger by Shellanoo Group.
    More Details Hide Details Besides Abramovich, several well-known people in the global music industry, who also took part in the company's previous round, participated in the current round, among them David Guetta, Nicki Minaj, Tiesto and others.
    According to Forbes, Abramovich's net worth in 2015 was US$ 8.3 billion (2015), making him the 12th richest person in Russia, and the 137th richest person in the world.
    More Details Hide Details Abramovich started his multibillion-dollar business during his army service. After a brief stint in the Soviet Army, Abramovich married his first wife, Olga. Abramovich first worked as a street-trader and then as a mechanic at a local factory. At the peak of perestroika, Abramovich sold imported rubber ducks from his Moscow apartment. Abramovich attended the Gubkin Institute of Oil and Gas in Moscow (where he sold retreaded car tyres as a sideline), then traded commodities for Runicom, a Swiss trading company.
  • 2014
    Age 47
    According to Putin, Abramovich has been cheated by Igor Kolomoyskyi. Putin claimed in 2014 that Kolomoyskyi had reneged on a contract with Abramovich, saying “He Kolomoyskyi even managed to cheat our oligarch Roman Abramovich two or three years ago.
    More Details Hide Details Scammed him, as our intellectuals like to say. They signed some deal, Abramovich transferred several billion dollars, while this guy never delivered and pocketed the money. When I asked him Abramovich: “Why did you do it?” he said: “I never thought this was possible.”
  • 2013
    Age 46
    On 1 July 2013, Chelsea celebrated ten years under Abramovich's ownership.
    More Details Hide Details Before the first game of the 2013–14 season against Hull City on 18 August 2013, the Russian thanked Chelsea supporters for ten years of support in a short message on the front cover of the match programme, saying, "We have had a great decade together and the club could not have achieved it all without you," "Thanks for your support and here’s to many more years of success." In March 2004, Sibneft agreed to a three-year sponsorship deal worth €41.3 million (US$58 million) with the Russian team CSKA Moscow. Although the company explained that the decision was made at management level, some viewed the deal as an attempt by Abramovich to counter accusations of being "unpatriotic" which were made at the time of the Chelsea purchase. UEFA rules prevent one person owning more than one team participating in UEFA competitions, so Abramovich has no equity interest in CSKA. A lawyer, Alexandre Garese, is one of his partners in CSKA.
  • 2012
    Age 45
    He won Chelsea the 2012–13 UEFA Europa League against Benfica before leaving at the end of his term as interim manager.
    More Details Hide Details After the 2012–13 season, Benítez left Chelsea, whereupon José Mourinho returned as manager, signing a four-year deal.
  • 2011
    Age 44
    Ancelotti was sacked as manager at the end of his second season with the club in May 2011, after Chelsea's impressive form at the start of the campaign collapsed spectacularly during the winter months.
    More Details Hide Details André Villas-Boas, after taking Porto to a Europa League triumph, and having previously worked alongside Mourinho at Stamford Bridge, was appointed as Abramovich's seventh manager of Chelsea on 22 June 2011. Villas-Boas, however, was sacked in on 4 March due to a bad run of form, with only one win in 11 games. The next manager was Roberto Di Matteo, who was appointed to this role after winning the Champions League and the FA Cup serving in a caretaker capacity. Di Matteo was also sacked on 21 November 2012 after their 3–0 loss to Juventus. Former Liverpool boss Rafael Benítez was appointed as manager for the remainder of the club's campaign.
    The following season, in January 2011, Spanish footballer Fernando Torres completed his move to Chelsea on a -year contract on 31 January for an undisclosed fee, reported to be £50 million, which set a new record for a British transfer and made him the fourth most expensive footballer in history.
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  • 2010
    Age 43
    Hiddink was replaced by another former European Cup winning boss, Carlo Ancelotti. In May 2010, Ancelotti took Chelsea to their first league and FA Cup "double" in his first season as manager.
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  • 2009
    Age 42
    Early in 2009, The Times estimated that due to the global economic crisis he has lost £3 billion from his £11.7 billion wealth.
    More Details Hide Details Abramovich donates more money to charity than any other Russian. Since 1999, Abramovich has donated more than $2.5 billion to build schools, hospitals and infrastructure in Chukotka. In addition, Evraz Plc (EVR), the steelmaker partly owned by Abramovich, donated $164 million for social projects between 2010 through 2012, an amount that isn’t counted in Abramovich’s $310 million donations during this period. Abramovich has reportedly spent approximately £1.5bn on the Pole of Hope, his charity set up to help those in the Arctic region of Chukotka, where he was governor. Roman Abramovich sponsored an exhibition of photographs of Uzbekistan by renowned Soviet photographer Max Penson (1893–1959) which opened on 29 November 2006 at the Gilbert Collection at Somerset House in London. He previously funded the exhibition "Quiet Resistance: Russian Pictorial Photography 1900s–1930s" at the same gallery in 2005. Both exhibits were organized by the Moscow House of Photography.
  • 2008
    Age 41
    In early July 2008 it was announced that President Dmitri Medvedev had accepted Abramovich's request to resign as governor of Chukotka, although his various charitable activities in the region would continue.
    More Details Hide Details In the period 2000–2006 the average salaries in Chukotka increased from about US$165 (€117/£100) per month in 2000 to US$826 (€588/£500) per month in 2006. Roman Abramovich has been alleged to be involved in various wrongdoings. The Times said that Abramovich "famously emerged triumphant after the 'aluminium wars', in which more than 100 people are believed to have been killed in gangland feuds over control of the lucrative smelters."
    On 11 June 2008, it was announced that Luiz Felipe Scolari, who had taken Brazil to World Cup glory in 2002, would be taking over as manager, but he only lasted until 9 February 2009 before being sacked.
    More Details Hide Details In February 2009, acclaimed coach Guus Hiddink was appointed caretaker manager for the rest of the 2008/09 season, delivering Chelsea's first post-Mourinho trophy with the FA Cup.
    Nevertheless, on 24 May 2008, Grant was sacked as manager by Abramovich.
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    Boris Berezovsky (his one-time business partner) alleged in 2008 that Abramovich harassed him with "threats and intimidation" to cheat him to sell his valuable shares at less than their true worth.
    More Details Hide Details In 2011 Berezovsky brought a civil case against Abramovich, called Berezovsky v Abramovich, in the High Court of Justice in London, accusing Abramovich of blackmail, breach of trust and breach of contract, and seeking over £3 billion in damages. On 31 August 2012, the High Court dismissed the lawsuit. The High Court judge stated that because of the nature of the evidence, the case hinged on whether to believe Berezovsky or Abramovich's evidence. The judge found Berezovsky to be "an unimpressive, and inherently unreliable witness, who regarded truth as a transitory, flexible concept, which could be moulded to suit his current purposes", whereas Abramovich was seen as "a truthful, and on the whole reliable, witness". In 2008 The Times reported that Abramovich admitted that he paid billions of dollars for political favours and protection fees to obtain a big share of Russia's oil and aluminium assets as was shown by court papers obtained by The Times.
  • 2007
    Age 40
    In the early hours of 20 September 2007, Mourinho announced his exit as Chelsea manager by mutual consent with the club following a meeting with the board.
    More Details Hide Details The former Israel coach and Chelsea's director of football, Avram Grant, was named as his replacement. Ever since Grant had joined Chelsea in 2007, there had been friction between him and Mourinho. Mourinho reportedly told Grant not to interfere in team affairs but, with Abramovich's backing, Grant's profile at the club rose after he was made a member of the board. This event apparently did not go down well with Mourinho and may have contributed to his surprise departure. Grant led Chelsea to the position of runners-up in the Premiership and the club's first appearance in the Champions League final, beaten by Manchester United on both accounts.
    However, they later divorced in Russia in March 2007, with a settlement reported as being US$300 million (€213 million).
    More Details Hide Details Abramovich has two children with Zhukova, a son, Aaron Alexander, and a daughter, Leah Lou. According to Forbes, as of March 2011, he had a net worth of US$13.4 billion up from US$11.2 billion the previous year, ranking him as the 53rd richest person in the world. Prior to the financial crisis, he was considered to be the second richest person living within the United Kingdom.
    This stopped for a time in early 2007, when press reports appeared of a feud between Abramovich and manager Mourinho regarding the performance of certain players, notably Andriy Shevchenko.
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    In 2007 Putin consulted in meetings with Abramovich on the question of who should be his successor as president - Medvedev was personally recommended by Abramovich.
    More Details Hide Details Chris Hutchins, a biographer of Putin, describes the relationship between the Russian president and Abramovich as like that between a father and a favorite son. Abramovich himself says that when he addresses Putin he uses the Russian language's formal "Вы" (like Spanish "usted", German "Sie" or French "vous"), as opposed to the informal "ты" (Spanish "tú", German "du" or French "tu"). Abramovich says that the reason is because 'he is more senior than me'. Within the Kremlin, Abramovich is referred to as "Mr A".
  • THIRTIES
  • 2006
    Age 39
    In a December 2006 interview, Abramovich stated that he expected Chelsea's transfer spending to fall in years to come.
    More Details Hide Details Abramovich is present at nearly every Chelsea game and shows visible emotion during matches, a sign taken by supporters to indicate a genuine love for the sport, and usually visits the players in the dressing room following each match.
    On 15 October 2006, the News of the World reported that Irina had hired two top UK divorce lawyers, following reports of Abramovich's close relationship with the then 25-year-old Dasha Zhukova, the former girlfriend of the tennis player Marat Safin and daughter of a prominent Russian oligarch, Alexander Radkin Zhukov.
    More Details Hide Details It was speculated that a future divorce settlement (amounting to a conjectured £5.5 billion (€6.5 billion)) might be the highest ever on record. The Abramoviches replied that neither had consulted attorneys at that point.
  • 2004
    Age 37
    Chelsea ended the 2004–05 season as league champions for the first time in 50 years and only the second time in their history.
    More Details Hide Details Since the takeover, the club have won 13 major trophies – the UEFA Champions League, the UEFA Europa League, the Premier League four times, the FA Cup four times (with 2010 providing the club's first ever league and FA Cup double) and the League Cup three times, making Chelsea the most successful English trophy winning team in the decade. It was argued that Abramovich's involvement with Chelsea distorted the football transfer market throughout Europe, as his wealth often allowed the club to purchase players virtually at will. That has changed in recent years, but he did sanction the transfer of Andriy Shevchenko for a then-British record transfer fee of around £30 million (€35.3 million). In the year ending June 2005, Chelsea posted record losses of £140 million (€165 million) and the club was not expected to record a trading profit before 2010, although this decreased to reported losses of £80.2 million (€94.3 million) in the year ending June 2006.
  • 2003
    Age 36
    In June 2003, Abramovich became the owner of the companies that control Chelsea Football Club in West London.
    More Details Hide Details The previous owner of the club was Ken Bates, who went on to buy Leeds United. Chelsea immediately embarked on an ambitious programme of commercial development, with the aim of making it a worldwide brand on a par with footballing dynasties such as Manchester United and Real Madrid, and also announced plans to build a new state-of-the-art training complex in Cobham, Surrey. Chelsea finished their first season after the takeover in second place in the Premier League, up from fourth the previous year. They also reached the semi-finals of the Champions League, which was eventually won by surprise contender Porto, managed by José Mourinho. For Abramovich's second season at Stamford Bridge, Mourinho was recruited as the new manager, replacing the incumbent Claudio Ranieri.
    In 2003, Abramovich was named Person of the Year by Expert, a Russian business magazine.
    More Details Hide Details He shared this title with Mikhail Khodorkovsky. Abramovich was awarded the Order of Honour for his "huge contribution to the economic development of the autonomous district Chukotka", by a decree signed by the President of Russia.
  • 2000
    Age 33
    Abramovich was the governor of Chukotka from 2000 to 2008.
    More Details Hide Details It has been estimated that he spent over US$1.3 billion (€925 million) of his own money on the region, which now has one of the highest birth rates in Russia. Under Abramovich, living standards improved, schools and housing were restored and new investors were being drawn to the region.
    He started the charity Pole of Hope to help the people of Chukotka, especially children, and in December 2000 was elected governor of Chukotka, replacing Alexander Nazarov.
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  • 1999
    Age 32
    In 1999, Abramovich was elected to the State Duma as the representative for the Chukotka Autonomous Okrug, an impoverished region in the Russian Far East.
    More Details Hide Details
    Abramovich was the first person to originally recommend to Yeltsin that Vladimir Putin be his successor as the Russian president. When Putin formed his first cabinet as Prime Minister in 1999, Abramovich interviewed each of the candidates for cabinet positions before they were approved.
    More Details Hide Details Subsequently Abramovich would remain one of Putin's closest confidants.
    In 1999, the 33-year-old Abramovich was elected governor of the Russian province of Chukotka.
    More Details Hide Details He ran for a second term as governor in 2005. The Kremlin press service reported that Abramovich's name had been sent for approval as governor for another term to Chukotka's local parliament, which confirmed his appointment on 21 October 2005.
  • TWENTIES
  • 1996
    Age 29
    By 1996, at the age of 30, Abramovich had become close to President Boris Yeltsin, and had moved into an apartment inside the Kremlin at the invitation of the Yeltsin family.
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  • 1995
    Age 28
    In 1995, Abramovich and Berezovsky acquired a controlling interest in the giant Soviet oil company Sibneft.
    More Details Hide Details Affiliates of Abramovich, with affiliates of Boris Berezovsky, purchased Sibneft for US$100.3 million (the company was worth US$2.7 billion at that time). As of 2000, Sibneft produced around US$3 billion worth of oil annually. Abramovich established several "fly-by-night" firms and together with his friend Boris Berezovsky used them to acquire the stock of Sibneft. As a result, the tycoon managed to pay for the company 25 times less than the market price. Bought for a total of US$200 million, Sibneft is now worth seventy five times as much. The Times claimed that he was assisted by Badri Patarkatsishvili. This acquisition was under the controversial loans-for-shares programme initiated by President Boris Yeltsin. After Sibneft, Abramovich's next target was the aluminium industry. After privatisation the 'aluminium wars' led to murders of smelting plant managers, metals traders and journalists as groups battled for control of the industry. Abramovich famously emerged as the winner of the aluminium wars. The Times stated that in a BBC investigation into Abramovich's wealth, reporter John Sweeney noted that, after the oligarch (Abramovich) emerged at the top of the trade, the murders stopped.
    Together with Berezovsky, Abramovich founded the offshore company Gibraltar-registered Runicom Ltd. and five Western European subsidiaries. Abramovich headed the Moscow affiliate of the Swiss firm, Runicom S.A. In August 1995, Sibneft was created by Boris Yeltsin’s presidential decree.
    More Details Hide Details It was rumored that Abramovich was the chief of the organization with Berezovsky promoting the business in higher circles.
    In 1995, Abramovich and Boris Berezovsky, an associate of President Boris Yeltsin, acquired the controlling interest in the large oil company Sibneft.
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  • 1993
    Age 26
    According to two different sources, he first met Berezovsky either at a meeting of the Russian businessmen in the Caribbean in 1993 or in the summer of 1995 on the yacht of his friend Pyotr Aven.
    More Details Hide Details Berezovsky introduced Abramovich to "the family", the close circle around the then president, Boris Yeltsin, which included his daughter Tatyana Dyachenko and chief security adviser, Alexander Korzhakov.
  • 1992
    Age 25
    In 1992, Abramovich founded Mekong.
    More Details Hide Details He began selling oil from Noyabrsk. Eventually, he met fellow Russian businessman and entrepreneur Boris Berezovsky.
    According to various sources, from 1992 to 1995 Roman Abramovich set up five companies engaged in the production of consumer goods and selling-and-buying.
    More Details Hide Details In May 1995, jointly with Boris Berezovsky, he set up the P.K. Trust close joint-stock company. In 1995 and 1996, he established another 10 firms: Mekong close joint-stock company, Centurion-M close joint-stock company, Agrofert limited liability company, Multitrans close joint-stock company, Oilimpex close joint-stock company, Sibreal close joint-stock company, Forneft close joint-stock company, Servet close joint-stock company, Branco close joint-stock company, Vector-A limited liability company, which, again together with Berezovsky, he used to purchase the shares of the Sibneft public company. The Guardian describes Abramovich's career as follows:
    However, in 1992, he was arrested and sent to prison in a case of theft of government property: AVEKS-Komi sent a train containing 55 cisterns of diesel fuel, worth 3.8 million roubles, from the Ukhta Oil Refinery; Abramovich met the train in Moscow and resent the shipment to the Kaliningrad military base under a fake agreement, but the fuel arrived in Riga.
    More Details Hide Details Abramovich co-operated with the investigation, and the case was closed after the oil production factory was compensated by the diesel's buyer, the Latvian-US company, Chikora International.
    From 1992 to 1995, Abramovich founded five companies that conducted resale, produced consumer goods, and acted as intermediaries, eventually specializing in the trading of oil and oil products.
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  • 1991
    Age 24
    In October 1991, he married a former Russian Aeroflot stewardess, Irina Vyacheslavovna Malandina. They divorced in 2007.
    More Details Hide Details He and Malandina have five children; Ilya, Arina, Sofia, Arkadiy and Anna.
  • 1988
    Age 21
    In 1988, as perestroika opened up opportunities for privatization in the Soviet Union, Abramovich got a chance to legitimize his old business.
    More Details Hide Details He and Olga set up a company making dolls. Within a few years his wealth spread from oil conglomerates to pig farms and he also started investing in other businesses. Abramovich set up and liquidated at least 20 companies during the early 1990s, in sectors as diverse as tyre retreading and bodyguard recruitment.
  • 1987
    Age 20
    In December 1987, he married Olga Yurevna Lysova; they divorced in 1990.
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  • CHILDHOOD
  • 1966
    Born
    Born on October 24, 1966.
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