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Russian billionaire Roman Abramovich, owner of the English Premier League’s Chelsea FC, is known for his mind-boggling collection of superyachts, luxury cars, private planes, and lavish homes around the world.
The Wall Street Journal once nicknamed his global collection of extravagant possessions “The Roman Empire.”
Once the richest known man in Russia, Abramovich has amassed a vast personal fortune. The 53-year-old billionaire is the largest shareholder of Evraz, Russia’s second-biggest steelmaker, and also owns stakes in the world’s largest producer of refined nickel, according to Bloomberg.
In 2008, Abramovich’s wealth peaked at $23.5 billion, Forbes reported. Today, estimates for his net worth vary greatly, from $12.6 billion to $16 billion.
Here’s how Abramovich spends his billions.
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Roman Abramovich is a Russian billionaire who’s worth between $12.6 billion and $16 billion.
Forbes estimates his net worth at $12.6 billion, while the Bloomberg Billionaire Index pegs it at $16 billion.
Once the richest known man in Russia, Abramovich’s net worth peaked in 2008 at $23.5 billion.
The 53-year-old billionaire became a high-profile figure in Britain after he acquired Chelsea Football Club in 2003.
Abramovich bought the London-based team 15 years ago from long-time chairman Ken Bates for $233 million.
Abramovich is “a keen follower of sport and international football,” a statement said at the time.
Indeed, he can be seen cheering on the team at many of their matches.
Chelsea is the sixth-most valuable soccer team in the world.
It was worth about $2.6 billion in 2019, according to Forbes.
In September 2018, it was reported that Abramovich was considering a $3.9 billion sale of the team, but it didn’t happen.
Most of Abramovich’s vast fortune comes from proceeds from selling Russian state-owned assets after the fall of the Soviet Union.
He owned stakes in industries like airlines, oil, and aluminum, according to Bloomberg.
In 2003, he sold a 26% stake of Russian airline company Aeroflot to the National Reserve Bank.
In 2005, he sold his 70% stake in Russian oil company Sibneft for almost $10 billion. He also offloaded his aluminum assets for more than $2 billion.
Today, Abramovich owns the largest share of Evraz, Russia’s second-biggest steelmaker.
In 2019, Evraz’s net profit was more than $8.8 billion, according to its financial statements.
Abramovich also owns stakes in the world’s largest refined nickel producer, Norilsk Nickel.
Abramovich has been married three times and has seven children.
His most recent marriage was to Dasha Zhukova, an art collector and socialite.
The couple cofounded both the Garage Museum of Contemporary Art in Moscow and the New Holland Island …read more
Source:: Business Insider