Roman Abramovich
Overview
 
Roman Arkadyevich Abramovich is a Russian
Russians
The Russian people are an East Slavic ethnic group native to Russia, speaking the Russian language and primarily living in Russia and neighboring countries....

 businessman and the main owner of the private investment company
Investment company
An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses....

 Millhouse LLC
Millhouse Capital
Millhouse Capital is a Russian holding company, whose current CEO is Roman Abramovich, a business associate of Oleg Deripaska. They are among the "New Money Oligarchs" whose rise to prominence and wealth was fostered by the Yeltsin administration....

.

In 2003, Abramovich was named Person of the Year by Expert
Expert magazine
Expert or Ekspert magazine is Russia's leading business weekly magazine, established in 1995 in Moscow by a group of editors and journalists who departed from Kommersant publishing house. It covers economics and finance, Russian business, international business, politics, science and technology,...

, a Russian business magazine. He shared this title with Mikhail Khodorkovsky
Mikhail Khodorkovsky
Mikhail Borisovich Khodorkovsky is a Russian prisoner, considered by some - such as Amnesty International - to have been imprisoned for political reasons, jailed until 2016 and a former Russian oligarch and businessman...

. He is known outside Russia as the owner of Chelsea Football Club
Chelsea F.C.
Chelsea Football Club are an English football club based in West London. Founded in 1905, they play in the Premier League and have spent most of their history in the top tier of English football. Chelsea have been English champions four times, FA Cup winners six times and League Cup winners four...

, an English Premier League football team, and for his wider involvement in European football
European football
European football is a colloquial term referring to any international football club competition that is organised by UEFA. Any club that wishes to participate in European football must qualify through their respective domestic league or domestic cup competitions...

.

Abramovich is currently the ninth richest person in Russia and the 53rd richest person in the world, according to the 2011 Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

list, with an estimated fortune of $13.4 billion.
Born to a Russian Jewish family, Abramovich was raised in his uncles' families, living first in Ukhta, in the Komi Republic, and then in Moscow.
Encyclopedia
Roman Arkadyevich Abramovich is a Russian
Russians
The Russian people are an East Slavic ethnic group native to Russia, speaking the Russian language and primarily living in Russia and neighboring countries....

 businessman and the main owner of the private investment company
Investment company
An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses....

 Millhouse LLC
Millhouse Capital
Millhouse Capital is a Russian holding company, whose current CEO is Roman Abramovich, a business associate of Oleg Deripaska. They are among the "New Money Oligarchs" whose rise to prominence and wealth was fostered by the Yeltsin administration....

.

In 2003, Abramovich was named Person of the Year by Expert
Expert magazine
Expert or Ekspert magazine is Russia's leading business weekly magazine, established in 1995 in Moscow by a group of editors and journalists who departed from Kommersant publishing house. It covers economics and finance, Russian business, international business, politics, science and technology,...

, a Russian business magazine. He shared this title with Mikhail Khodorkovsky
Mikhail Khodorkovsky
Mikhail Borisovich Khodorkovsky is a Russian prisoner, considered by some - such as Amnesty International - to have been imprisoned for political reasons, jailed until 2016 and a former Russian oligarch and businessman...

. He is known outside Russia as the owner of Chelsea Football Club
Chelsea F.C.
Chelsea Football Club are an English football club based in West London. Founded in 1905, they play in the Premier League and have spent most of their history in the top tier of English football. Chelsea have been English champions four times, FA Cup winners six times and League Cup winners four...

, an English Premier League football team, and for his wider involvement in European football
European football
European football is a colloquial term referring to any international football club competition that is organised by UEFA. Any club that wishes to participate in European football must qualify through their respective domestic league or domestic cup competitions...

.

Abramovich is currently the ninth richest person in Russia and the 53rd richest person in the world, according to the 2011 Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

list, with an estimated fortune of $13.4 billion.

Early life and education

Born to a Russian Jewish family, Abramovich was raised in his uncles' families, living first in Ukhta, in the Komi Republic, and then in Moscow. He attended regular state schools and was an average student. Information on his university education is controversial. Some sources suggest that he attended the Ukhta Industrial University, while others point to The Gubkin Russian State University of Oil and Gas in Moscow. Both universities deny his attendance. In Abramovich’s official biography it is stated that he graduated from the Moscow State Law Academy in 2001, but rumours still circulate that he dropped out.
Some sources claim that this supposed law-degree was completed in just two years whereas most law-education institutions require at least four years in attendance.

Business career

Roman Abramovich started his multi-billion-dollar business during his army service where he sold stolen gasoline to some of the commissioned officers of his unit. After a brief stint in the Soviet Army, he married his first wife, Olga. He first worked as a street-trader and then as a mechanic at a local factory. At the peak of perestroika
Perestroika
Perestroika was a political movement within the Communist Party of the Soviet Union during 1980s, widely associated with the Soviet leader Mikhail Gorbachev...

, Abramovich sold imported rubber ducks from his Moscow apartment. Some sources suggest that these ducks were imported illegally, but no evidence of this exists.

A 2,000-ruble
Ruble
The ruble or rouble is a unit of currency. Currently, the currency units of Belarus, Russia, Abkhazia, South Ossetia and Transnistria, and, in the past, the currency units of several other countries, notably countries influenced by Russia and the Soviet Union, are named rubles, though they all are...

 wedding present from Olga's parents (about £1,000 or US$2,000 at that time) was invested by Abramovich in smuggling
Smuggling
Smuggling is the clandestine transportation of goods or persons, such as out of a building, into a prison, or across an international border, in violation of applicable laws or other regulations.There are various motivations to smuggle...

 of black market goods or contraband
Contraband
The word contraband, reported in English since 1529, from Medieval French contrebande "a smuggling," denotes any item which, relating to its nature, is illegal to be possessed or sold....

 to sell in Moscow in or around December 1987. Abramovich soon doubled, then tripled, the investment, his confidence growing with each success in this smuggling business. Soon he progressed to making plastic toys (including plastic sailors) and started up an automobile parts cooperative. He attended the Gubkin Institute of Oil and Gas in Moscow (where he sold retreaded car tires as a sideline), then traded commodities for Runicom, a Swiss trading company.

In 1988, as Perestroika
Perestroika
Perestroika was a political movement within the Communist Party of the Soviet Union during 1980s, widely associated with the Soviet leader Mikhail Gorbachev...

 opened up opportunities for entrepreneurs in the Soviet Union, Abramovich got a chance to legitimize his underworld business. He and Olga set up a company making dolls. "It brought success almost immediately," says Olga. Due to his business acumen, 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 tire retreading and bodyguard recruitment.

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. 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. 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.

In 1995, Abramovich and Boris Berezovsky, an associate of President Boris Yeltsin
Boris Yeltsin
Boris Nikolayevich Yeltsin was the first President of the Russian Federation, serving from 1991 to 1999.Originally a supporter of Mikhail Gorbachev, Yeltsin emerged under the perestroika reforms as one of Gorbachev's most powerful political opponents. On 29 May 1990 he was elected the chairman of...

, acquired the controlling interest in the large oil company Sibneft. The deal was within the controversial loans-for-shares program and each partner paid US$100 million for half of the company, below the stake's stock market value of US$150 million at the time, and rapidly turned it up into billions. The fast-rising value of the company led many observers, in hindsight, to suggest that the real cost of the company should have been in the billions of dollars. Abramovich later admitted in court that he paid huge bribes (in billions) to government officials and obtained protection from gangsters to acquire these and other assets (including aluminium assets during the aluminium wars).

Thus, the main stages of Abramovich's financial career were: January 1989 to May 1991, chairman of the Comfort Co-op (manufacturer of plastic toys); May 1991 to May 1993, director of the ABK small enterprise, Moscow. 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. 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 concludes Abramovich's career as follows:

Friendship with Boris Berezovsky

In 1993, Abramovich founded Mekong. He began selling oil from Noyabrsk. Eventually, he met fellow Russian businessman and entrepreneur Boris Berezovsky.

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
Pyotr Aven
Petr Olegovich Aven is a Russian businessman and politician. Petr Aven graduated from Moscow State University in 1977 and holds PhD in Economics...

.

Berezovsky introduced Abramovich to "the family", the close circle around the then president, Boris Yeltsin, which included his daughter Tatyana Dyachenko
Tatyana Dyachenko
Tatyana Borisovna Yumasheva is a daughter of former Russian President Boris Yeltsin. She was trained in computer science.She worked at the Salyut Design Bureau and later at Khrunichev State Research and Production Space Center until 1994....

 and chief security adviser, Alexander Korzhakov
Alexander Korzhakov
Alexander Vasilyevich Korzhakov , was a KGB general who served as Boris Yeltsin's bodyguard, confidant, and adviser for 11 years. Member of State Duma at 1997. He was the head of the Presidential Security Service in 1993-1996, State Duma deputy, and retired Lieutenant-general...

.

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. It was rumored that Abramovich was the chief of the organization with Berezovsky promoting the business in higher circles.

Acquisition of Sibneft, aluminium wars, and loans-for-shares

In 1995, Abramovich and Berezovsky acquired a controlling interest in the giant Soviet oil company Sibneft. Affiliates of Abramovich, with affiliates of Boris Berezovsky, purchased Russian oil company Sibneft for $100.3 million (the company was worth $2.7 billion at that time). Sibneft produces around $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 $200 million, Sibneft is now worth seventy five times as much.

The Times claimed that he was assisted by Badri Patarkatsishvili
Badri Patarkatsishvili
Arkady "Badri" Patarkatsishvili was a wealthy Georgian businessman, who was also extensively involved in politics. He contested the 2008 Georgian presidential election and came third with 7.1% of the votes...

. This acquisition was under the controversial loans-for-shares programme initiated by then President Boris Yeltsin
Boris Yeltsin
Boris Nikolayevich Yeltsin was the first President of the Russian Federation, serving from 1991 to 1999.Originally a supporter of Mikhail Gorbachev, Yeltsin emerged under the perestroika reforms as one of Gorbachev's most powerful political opponents. On 29 May 1990 he was elected the chairman of...

. After Sibneft, Abramovich's next target was the aluminium industry. After privatisation the 'aluminium wars' lead to murders of smelting plant managers, metals traders and journalists as groups battled for control of the industry. Abramovich famously emerged winner in the aluminium wars. The Times stated that in a BBC
BBC
The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...

 investigation into Abramovich's wealth, reporter John Sweeney noted that, after the oligarch (Abramovich) emerged at the top of the trade, the murders stopped.

Relationship with Boris Berezovsky and Badri Patarkatsishvili

The Times also quotes:


Mr Abramovich discloses that there was a showdown at St Moritz airport in Switzerland in 2001 when Mr [Badri] Patarkatsishvili asked him to pay US$1.3 billion (€925 million) to Mr Berezovsky. “The defendant agreed to pay this amount on the basis that it would be the final request for payment by Mr Berezovsky and that he and Mr Patarkatsishvili would cease to associate themselves publicly with him and his business interests.” The payment was duly made.

Mr Abramovich was also willing to pay off Mr Patarkatsishvili. He states that he agreed to pay US$585 million (€416 million) “by way of final payment”.

Mr Abramovich denies that he helped himself to Mr Berezovsky's interests in Sibneft and aluminium or that he threatened a friend of the exile. “It is denied that Mr Abramovich made or was party to the alleged explicit or implicit coercive threats or intimidation,” he states.


According to court-papers submitted by Abramovich and seen by The Times
The Times
The Times is a British daily national newspaper, first published in London in 1785 under the title The Daily Universal Register . The Times and its sister paper The Sunday Times are published by Times Newspapers Limited, a subsidiary since 1981 of News International...

 (UK), Abramovich mentions in the court-papers:

Duma member

In 1999, Abramovich was elected to the State Duma
State Duma
The State Duma , common abbreviation: Госду́ма ) in the Russian Federation is the lower house of the Federal Assembly of Russia , the upper house being the Federation Council of Russia. The Duma headquarters is located in central Moscow, a few steps from Manege Square. Its members are referred to...

 as the representative for the Chukotka Autonomous Okrug
Chukotka Autonomous Okrug
Chukotka Autonomous Okrug , or Chukotka , is a federal subject of Russia located in the Russian Far East.Chukotka has a population of 53,824 according to the 2002 Census, and a surface area of . The principal town and the administrative center is Anadyr...

, an impoverished region in the Russian Far East
Russian Far East
Russian Far East is a term that refers to the Russian part of the Far East, i.e., extreme east parts of Russia, between Lake Baikal in Eastern Siberia and the Pacific Ocean...

. He started the charity Pole of Hope to help the people of Chukotka
Chukotka Autonomous Okrug
Chukotka Autonomous Okrug , or Chukotka , is a federal subject of Russia located in the Russian Far East.Chukotka has a population of 53,824 according to the 2002 Census, and a surface area of . The principal town and the administrative center is Anadyr...

, especially children, and in December 2000 was elected governor of Chukotka, replacing Alexander Nazarov.

Governor

Abramovich was the governor of Chukotka
Chukotka Autonomous Okrug
Chukotka Autonomous Okrug , or Chukotka , is a federal subject of Russia located in the Russian Far East.Chukotka has a population of 53,824 according to the 2002 Census, and a surface area of . The principal town and the administrative center is Anadyr...

 from 2000 to 2008. 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.

Abramovich said that he would not run for governor again after his term of office expired in 2005, as it is "too expensive", and he rarely visits the region. However, Russian President Vladimir Putin
Vladimir Putin
Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...

 changed the law to abolish elections for regional governors, and on 21 October 2005 Abramovich was reappointed governor for another term.

Abramovich was awarded the Order of Honour
Order of Honor (Russian Federation)
The Order of Honour is a state order which was founded by the President's Decree of the Russian Federation of №442 of 2 March 1994. The Order of Honour is awarded to citizens for high achievements in government, economic production, scientific research, sociocultural, public and charitable...

 for his "huge contribution to the economic development of the autonomous district [of Chukotka]", by a decree signed by the President of Russia.

Resignation

In early July 2008 it was announced that President Dmitri Medvedev had accepted Abramovich's latest request to resign as governor of Chukotka, although his various charitable activities in the region would continue. 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.

The regional government estimates that, during his tenure, Abramovich directed investments in the range of $2.5 billion to rebuild Chukotka's crumbling housing, schools, hospitals and infrastructure, much of the money coming from his own pocket and through affiliated companies and his two foundations – Pole of Hope and Territoria.

Alleged crimes and wrongdoing

Roman Abramovich has been alleged to be involved in various wrongdoings by many people. It is also alleged that, at one time, then Russian president Boris Yeltsin
Boris Yeltsin
Boris Nikolayevich Yeltsin was the first President of the Russian Federation, serving from 1991 to 1999.Originally a supporter of Mikhail Gorbachev, Yeltsin emerged under the perestroika reforms as one of Gorbachev's most powerful political opponents. On 29 May 1990 he was elected the chairman of...

 himself provided Abramovich with protection from prosecution for various criminal activities ranging from stealing diesel fuel to illegally acquiring Sibneft at a staged contest. 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. He avoided the fate of a rival oligarch who annoyed the Kremlin and ended up being transported to jail in Siberia for ten years," and "Numerous officials and executives are said to have lost their lives". Nonetheless, many of the allegations against Abramovich are unproven and he has never been convicted of any crime in any world court.

BBC
BBC
The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...

 reporter John Sweeney memorably asked a Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

n editor: “Is Mr Abramovich more powerful than the gangsters?” The Russian paused, then smiled: “Good observation.”

Allegation of blackmail

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. Abramovich has been sued for US$3.3 billion(€2.35 billion/£2 billion).

Berezovsky is said to have sold his stake in Sibneft for $650 million (€462 million/£326 million) at today's prices. He received $450 million (€320 million/£272 million), for the Rusal shares. He claims the price should have been much higher US$2 billion (€1.42 billion/£1.2 billion) more for the Sibneft shares, and US$1.5 billion (€1.06 billion/£900 million) for Rusal. The former forestry engineer and used car salesman is claiming a total of US$ 3.36 billion (€2.39 billion/£2.03 billion), a significant part of Abramovich's estimated US$17.9 billion (€12.73 billion/£10.8 billion) fortune. Berezovsky is believed to be worth around £500 million. Abramovich apologised to Berezovsky later.

Bribes

In 2008, The Times
The Times
The Times is a British daily national newspaper, first published in London in 1785 under the title The Daily Universal Register . The Times and its sister paper The Sunday Times are published by Times Newspapers Limited, a subsidiary since 1981 of News International...

reported that Abramovich admitted that he, along with close associate and partner, oil titan, Constantine Alexander-Goulandris
Constantine Alexander-Goulandris
Constantinos Nikolaos Alexander-Goulandris, born c. 1963 in New York City, is an American-born, Greek billionaire and one of the richest people in the world whose primary residence is in the Principality of Monaco.-Corporate activities:...

, 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 The Times obtained.

Allegations of illegal share-dilution

Yugraneft, an affiliate of Sibir Energy
Sibir Energy
Sibir Energy is a London-based Russian public limited company, whose primary line of business is petroleum and natural gas exploration in Siberia. Its shares were traded on the Alternative Investment Market, part of the London Stock Exchange...

, is seeking billions of dollars in damages in a lawsuit in London against Roman Abramovich and his investment company Millhouse Capital, alleging that it was cheated out of its Russian assets. It alleges that another of Roman Abramovich's companies, Sibneft, illegally diluted Yugraneft's interest in their joint-company that had oil fields in Russia from 50% to 1%. The proceedings "involve substantial claims to recover the proceeds of the diluted interest", said Sibir Energy, a company co-owned by the billionaire Shalva Chigirinsky
Shalva Chigirinsky
Shalva Chigirinsky is a Russian businessman operating in real estate and oil sectors. He is now divorced and has six children. Shalva Chigirinsky was born in 1950 in Kutaisi to a family of Georgian Jews. He graduated from the Moscow Medical Academy. In 1987, he emigrated to Spain and later to...

.

Arrest for theft

In 1992 he was arrested in a case of theft of government property: AVEKS-Komi sent a train containing 55 cisterns (tankers) of diesel fuel, worth Р3.8 million (Roubles), from the Ukhta Oil Refinery (Case No. 79067 for the large-scale theft of state property); 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. Abramovich co-operated with the investigation, and the charges were dropped after the oil production factory was compensated by the diesel's buyer, the Latvian-US concern, Chikora International.

Allegations of loan-fraud

An allegation emerging from a Swiss investigation links Roman Abramovich, through a former company, and numerous other Russian politicians, industrialists and bankers to using a US$4.8 billion (€3.4 billion) loan from International Monetary Fund as personal slush fund; an audit sponsored by the IMF itself determined that all of the IMF funds had been used appropriately.

In January 2005, the European Bank for Reconstruction and Development (EBRD) indicated that it would be suing Abramovich over a £9 million (US$14.9 million/€10.6 million) loan. The EBRD said that it is owed US$17.5 million (€12.45 million/£10.6 million) by Runicom, a Switzerland-based oil trading business which had been controlled by Abramovich and Eugene Shvidler. Abramovich's spokesman indicated that the loan had previously been repaid.

Antitrust law violation in Russia

International Herald Tribune
International Herald Tribune
The International Herald Tribune is a widely read English language international newspaper. It combines the resources of its own correspondents with those of The New York Times and is printed at 38 sites throughout the world, for sale in more than 160 countries and territories...

report that "Russia's antitrust body said Wednesday that Evraz Holding—part-owned by Kremlin-friendly businessman Roman Abramovich – has breached anti-monopoly rules, overcharging customers for coking coal."

Chelsea F.C.

In June 2003, Abramovich became the owner of the companies that control Chelsea Football Club
Chelsea F.C.
Chelsea Football Club are an English football club based in West London. Founded in 1905, they play in the Premier League and have spent most of their history in the top tier of English football. Chelsea have been English champions four times, FA Cup winners six times and League Cup winners four...

 in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

. Former owner of the club was Ken Bates, who then bought Leeds United
Leeds United A.F.C.
Leeds United Association Football Club are an English professional association football club based in Beeston, Leeds, West Yorkshire, who play in the Football League Championship, the second tier of the English football league system...

 with the money gleaned from the sale. The club immediately embarked on an ambitious programme of commercial development, with the aim of making it a worldwide brand on a par with footballing dynasties like Manchester United
Manchester United F.C.
Manchester United Football Club is an English professional football club, based in Old Trafford, Greater Manchester, that plays in the Premier League. Founded as Newton Heath LYR Football Club in 1878, the club changed its name to Manchester United in 1902 and moved to Old Trafford in 1910.The 1958...

 and Real Madrid
Real Madrid C.F.
Real Madrid Club de Fútbol , commonly known as Real Madrid, is a professional football club based in Madrid, Spain. The club have won a record 31 La Liga titles, the Primera División of the Liga de Fútbol Profesional , 18 Copas del Rey, 8 Spanish Super Cups, 1 Copa Eva Duarte and 1 Copa de la...

, and also announced plans to build a new state-of-the-art training complex
Cobham Training Centre
The Cobham Training Centre is the state of the art training ground of Chelsea Football Club located in Stoke d'Abernon near Cobham, Surrey. The Chelsea first team have trained at Cobham since 2005, but it was not officially opened until 2007.-History:...

 in Cobham, Surrey
Cobham, Surrey
Cobham is a town in the Borough of Elmbridge in Surrey, England, about south-west of central London and north of Leatherhead. Elmbridge has been acclaimed by the Daily Mail as the best place to live in the UK, and Cobham is a prosperous part of the London commuter belt...

. Chelsea finished their first season after the takeover in second place in the Premiership
FA Premier League
The Premier League is an English professional league for association football clubs. At the top of the English football league system, it is the country's primary football competition. Contested by 20 clubs, it operates on a system of promotion and relegation with The Football League. The Premier...

, up from fourth the previous year. They also reached the semi-finals of the Champions League
UEFA Champions League
The UEFA Champions League, known simply the Champions League and originally known as the European Champion Clubs' Cup or European Cup, is an annual international club football competition organised by the Union of European Football Associations since 1955 for the top football clubs in Europe. It...

, which was eventually won by the surprise package of Porto, managed by José Mourinho
José Mourinho
José Mário dos Santos Félix Mourinho is a Portuguese football manager and the current manager of Real Madrid. He is commonly known as "The Special One".Mourinho is regarded by some players, coaches and critics as the best ever coach in football....

. For Abramovich's second season at Stamford Bridge
Stamford Bridge (stadium)
Stamford Bridge is a football stadium in Fulham, in the London Borough of Hammersmith and Fulham, West London, and is the home of Chelsea Football Club. The stadium is located within the Moore Park Estate also known as Walham Green and is often referred to as simply The Bridge...

 Mourinho was recruited as the new manager, replacing the incumbent Claudio Ranieri
Claudio Ranieri
Claudio Ranieri, is an Italian football manager, currently in charge as head coach of Internazionale.He has also managed many other well-known clubs in Europe, including Cagliari, Napoli, Fiorentina, Valencia, Atlético Madrid, Chelsea, Parma, Juventus and Roma.-Early life:Ranieri attended St...

. Chelsea ended the following season as league champions, for the first time in 50 years, and only the second time in their history. Since the takeover the club have won eight major trophies – the Premier League 3 times, the FA Cup 3 times (with 2010 providing the club's first ever league and FA Cup double) and the League Cup twice. Manchester United are the only English club to have won more honours in that time.

It is argued that Abramovich's involvement with Chelsea has distorted the football transfer market throughout Europe, as his wealth often allows the club to purchase players virtually at will although that has changed in recent years. He did however sanction the transfer of Andriy Shevchenko
Andriy Shevchenko
Andriy Mykolayovych Shevchenko is a Ukrainian footballer who plays for Dynamo Kyiv and the Ukraine national team as a striker. He is the third-highest scorer in the history of European club competition with 67 goals as of 2011-03-10, behind Filippo Inzaghi and Raúl. With 175 goals scored with A.C...

 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 is not expected to record a trading profit before 2010, though this did decrease to reported losses of £80.2 million (€94.3 million) year ending June 2006.

In a December 2006 interview Abramovich stated that he expected Chelsea's transfer spending to fall in years to come, although he subsequently seemed to move away from this position.
He is also present at almost every game Chelsea plays 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, although this stopped for a time in early 2007 as rumours of a feud between Abramovich and manager Mourinho, regarding the appearances of certain players, notably Andriy Shevchenko, appeared in the press. In the early hours of 20 September 2007, José Mourinho announced his shock exit as Chelsea manager by mutual consent with the club following a meeting with the board. Former Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...

 coach and Chelsea's director of football, Avram Grant, was named as his replacement. Ever since Grant had joined Chelsea (in the summer of 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.
Avram Grant led Chelsea to the position of runners-up in the Premiership and the club's first Champions League final appearance, beaten by Manchester United on both accounts. Nevertheless, on 24 May, Grant was sacked as manager by Abramovich. On 11 June 2008, it was announced that Luiz Felipe Scolari
Luiz Felipe Scolari
Luiz Felipe Scolari , ComIH , also known as Felipão in Brazil and Phil Scolari in the United Kingdom, is a World Cup-winning Brazilian football manager. He is currently the manager of Palmeiras. He served as the manager of the Portuguese national team from July 12, 2003 to June 30, 2008...

, who had taken Brazil
Brazil national football team
The Brazil national football team represents Brazil in international men's football and is controlled by the Brazilian Football Confederation , the governing body for football in Brazil. They are a member of the International Federation of Association Football since 1923 and also a member of the...

 to World Cup
FIFA World Cup
The FIFA World Cup, often simply the World Cup, is an international association football competition contested by the senior men's national teams of the members of Fédération Internationale de Football Association , the sport's global governing body...

 glory in 2002
2002 FIFA World Cup
The 2002 FIFA World Cup was the 17th staging of the FIFA World Cup, held in South Korea and Japan from 31 May to 30 June. It was also the first World Cup held in Asia, and the last in which the golden goal rule was implemented. Brazil won the tournament for a record fifth time, beating Germany 2–0...

, would be taking over as manager. But he only lasted until 9 February 2009 before being sacked. In February 2009, acclaimed coach Guus Hiddink
Guus Hiddink
Guus Hiddink is a Dutch football manager and former player. He was the most recently manager of the Turkish national football team. He is considered to be one of the best managers of his generation and was the best-paid coach in international football in 2009...

 was appointed caretaker manager for the rest of the 2008/09 season, delivering Chelsea's first post-Mourinho trophy with the FA Cup. He was replaced by another former European Cup winning boss, Carlo Ancelotti
Carlo Ancelotti
Carlo Ancelotti is an Italian football manager, Nicknamed Carletto, Ancelotti played as a midfielder and had a successful career with Roma – captaining the team – with whom he won one Scudetto and 4 Coppa Italia and was part of the legendary late 80's Milan team, with whom he won two Scudetti and...

. Ancelotti won Chelsea their first ever Double in his first season but was also sacked at the end of his second after Chelsea's storming form at the start of the campaign collapsed spectacularly during the winter months. 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 different manager of Chelsea on 22 June 2011. As of May 2008, Abramovich has spent approximately £600 million (€705 million) on the club since arriving in 2003.

In January 2011, Spanish footballer Fernando Torres
Fernando Torres
Fernando José Torres Sanz , nicknamed , is a Spanish footballer who plays for Chelsea and the Spain national team as a striker....

 completed his move to Chelsea on a five-and-a-half 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.

CSKA Moscow

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. Union of European Football Associations (UEFA
UEFA
The Union of European Football Associations , almost always referred to by its acronym UEFA is the administrative and controlling body for European association football, futsal and beach soccer....

) 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. Following an investigation, he was cleared by UEFA of having a conflict of interest. Nevertheless, he was named most influential person in Russian football in the Russian magazine Pro Sport at the end of June 2004. In May 2005, CSKA won the UEFA Cup
UEFA Cup
The UEFA Europa League is an annual association football cup competition organised by UEFA since 1971 for eligible European football clubs. It is the second most prestigious European club football contest after the UEFA Champions League...

, becoming the first Russian club ever to win a major European football competition. However, in October 2005, Abramovich sold his interest in Sibneft and the company's new owner Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...

, which sponsors FC Zenit Saint Petersburg
FC Zenit Saint Petersburg
Football Club Zenit is a Russian football club from the city of Saint-Petersburg. Founded in 1925 , the club plays in the Russian Premier League...

, cancelled the sponsorship deal.

Russian national team

Abramovich also played a large role in bringing Guus Hiddink
Guus Hiddink
Guus Hiddink is a Dutch football manager and former player. He was the most recently manager of the Turkish national football team. He is considered to be one of the best managers of his generation and was the best-paid coach in international football in 2009...

 to Russia to coach the Russia national football team
Russia national football team
The Russia national football team represents Russia in association football and is controlled by the Russian Football Union , the governing body for football in Russia. Russia's home grounds are Luzhniki Stadium, Lokomotiv Stadium , and Petrovsky Stadium in St.Petersburg and their head coach is...

. Piet de Visser
Piet de Visser
Piet de Visser is a Dutch football manager and scout. He is best known for scouting players like Romário and Ronaldo and successfully bringing them to Europe. He is currently a personal adviser to Roman Abramovich, the owner of the English club Chelsea F.C...

, a former head scout of Hiddink's club PSV Eindhoven and now a personal assistant to Abramovich at Chelsea, recommended Hiddink to the Chelsea owner. De Visser was also instrumental in the appointment of Hiddink as temporary Chelsea manager for the final months of the 2008–09 season.

National Academy of Football

In addition to his involvement in professional football, Abramovich sponsors a foundation in Russia called the National Academy of Football. The organization sponsors youth sports programs throughout the country and has constructed more than fifty football pitches in various cities and towns. It also funds training programs for coaches, prints instruction materials, renovates sports facilities and takes top coaches and students on trips to visit professional football clubs in England, Holland and Spain. In 2006 the Academy of Football took over the administration of the Konoplyov football academy
Konoplyov football academy
Yu. Konoplyov football academy is a Russian youth football academy based in Togliatti.- History :The academy was founded in 2003 as SDYuShOR Krylia Sovetov. In 2007 the name was changed in honor of its founder Yuri Konoplyov, a local businessman who died in 2006 aged 39...

 at Primorsky, near Togliatti, Samara Oblast
Samara Oblast
Samara Oblast is a federal subject of Russia . Its administrative center is the city of Samara. Population: In 1936–1990, it was known as Kuybyshev Oblast , after the Soviet name of Samara .-Demographics:Population:...

, where over 1000 youths are in residence, following the death at 38 of its founder, Yuri Konoplev.

Boris Yeltsin

The proposed merger of Sibneft with Yukos
YUKOS
OJSC "Yukos Oil Company" was a petroleum company in Russia which, until 2003, was controlled by Russian oligarch Mikhail Khodorkovsky and a number of other prominent Russian businessmen. After Yukos was bankrupted, Khodorkovsky was convicted and sent to prison.Yukos headquarters was located in...

 was seen by most as a move to distance himself from Russia, at a time when the Kremlin appears to have decided to bring at least some of the oligarchs to account for their colourful past business practices. Abramovich was a close associate of controversial Boris Berezovsky who sold him his stake in Sibneft, although in July 2005 Berezovsky announced his intention to sue Abramovich in the British courts for pressuring him into selling most of his Russian assets cheaply to Abramovich after Berezovsky fled the country.

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.

Vladimir Putin

Chris Hutchins, a biographer of Russian Prime Minister Vladimir Putin
Vladimir Putin
Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...

, describes the relationship between the former Russian president and Abramovich as like that between a father and a favorite son; Abramovich himself has stated that his relationship with Putin is a professional business relationship, as signified by his use of the Russian language's formal "Вы" (like Spanish "usted" or French "vous") in addressing Putin, as opposed to the informal "ты" (Spanish "tú" or French "tu").

Family

Abramovich has been married twice, to Olga Yurevna Lysova in December 1987 (divorced 1990), and to Irina Vyacheslavovna Malandina in October 1991 (divorced 2007). He and Irina have five children; Ilya, Arina, Sofia, Arkady and Anna.

On 15 October 2006, the News of the World
News of the World
The News of the World was a national red top newspaper published in the United Kingdom from 1843 to 2011. It was at one time the biggest selling English language newspaper in the world, and at closure still had one of the highest English language circulations...

reported that Irina had hired two top UK divorce lawyers, following reports of Abramovich's close relationship with then-25-year-old Daria Zhukova, the former girlfriend of tennis player Marat Safin
Marat Safin
Marat Mikhailovich Safin is a retired Russian tennis player of Tatar descent. Safin won two grand slams and reached the world number 1 ranking during his career. He was also famous for his emotional outbursts and sometimes fiery temper on court. Safin also holds the record for most broken...

 and daughter of a prominent Russian oligarch Alexander Radkin Zhukov
Alexander Radkin Zhukov
Alexander Borisovich Radkin Zhukov is a prominent Russian oligarch based in London with homes in Sardinia, Israel, Moscow and London. He is the founder of the now defunct oil company Sintez UK. Under the USSR, Zhukov was part of the "old Communist aristocracy"...

. 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.
However, they later divorced in Russia in March 2007, with a settlement reported as being US$300 million (€213 million).
On 4 December 2009, in Los Angeles, Daria gave birth to her first child and Roman's sixth, named Aaron Alexander.

"Private Army"

Abramovich has recently boosted his security staff to a 40 person "private army", making him one of the best protected businessmen in the world.

Wealth

According to Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

, 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. Early in 2009, The Times estimated that due to the global economic crisis he has lost £3 billion from his £11.7 billion wealth.

Art

Roman Abramovich sponsored an exhibition of photographs of Uzbekistan
Uzbekistan
Uzbekistan , officially the Republic of Uzbekistan is a doubly landlocked country in Central Asia and one of the six independent Turkic states. It shares borders with Kazakhstan to the west and to the north, Kyrgyzstan and Tajikistan to the east, and Afghanistan and Turkmenistan to the south....

 by renowned Soviet photographer Max Penson
Max Penson
Max Penson was a noted Jewish Belarusian photojournalist and photographer of the Soviet Union noted for his photographs of Uzbekistan. His photographs documented the economic transformation of Uzbekistan from a highly traditional feudal society into a modern Soviet republic between 1920 and 1940...

 (1893–1959) which opened on 29 November 2006 at the Gilbert Collection
Gilbert Collection
The Rosalinde and Arthur Gilbert Collection is a collection of objets d'art formed by the English-born businessman Sir Arthur Gilbert, who made most of his fortune in the property business in California. After initially becoming interested in silver, he assembled a large collection of decorative...

 at Somerset House
Somerset House
Somerset House is a large building situated on the south side of the Strand in central London, England, overlooking the River Thames, just east of Waterloo Bridge. The central block of the Neoclassical building, the outstanding project of the architect Sir William Chambers, dates from 1776–96. It...

 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.

In May 2008 Abramovich emerged as a major buyer in the international art auction market. He purchased Francis Bacon
Francis Bacon (painter)
Francis Bacon , was an Irish-born British figurative painter known for his bold, austere, graphic and emotionally raw imagery. Bacon's painterly but abstract figures typically appear isolated in glass or steel geometrical cages set against flat, nondescript backgrounds...

's Triptych 1976 for €61.4 million (US$86.3 million) (a record price for a post-war work of art) and Lucian Freud
Lucian Freud
Lucian Michael Freud, OM, CH was a British painter. Known chiefly for his thickly impasted portrait and figure paintings, he was widely considered the pre-eminent British artist of his time...

's Benefits Supervisor Sleeping
Benefits Supervisor Sleeping
Benefits Supervisor Sleeping is a 1995 painting by Lucian Freud depicting an obese, naked woman. It is a portrait of Sue Tilley, weighted 127 kg, a Job Centre supervisor...

for €23.9 million (US$33.6 million) (a record price for a work by a living artist).

His partner Dasha Zhukova
Dasha Zhukova
Darya Alexandrovna Zhukova is a Russian philanthropist, entrepreneur, model, fashion designer and magazine editor.- Biography :She was born in Moscow in 1981. Her father is Alexander Radkin Zhukov, a prominent Russian businessman, oil-magnate and illegal arms dealer. Her mother is Elena Zhukova, a...

 is managing a gallery of contemporary art
Garage Center for Contemporary Culture
Garage Center for Contemporary Culture is an important non-profit international arts space based in Moscow founded by Daria Zhukova, which opened in 2008. Garage is dedicated to exploring and developing contemporary culture, whilst serving as a catalyst and meeting place for the city’s emerging...

 in Moscow that occupies a historical Bakhmetevsky Bus Garage
Bakhmetevsky Bus Garage
Bakhmetevsky Bus Garage was a public bus garage in Moscow, designed in 1926 by Konstantin Melnikov and Vladimir Shukhov . The building, completed in 1927, was an example of applying avant-garde architectural methods to an industrial facility...

 building by Konstantin Melnikov
Konstantin Melnikov
Konstantin Stepanovich Melnikov was a Russian architect and painter. His architectural work, compressed into a single decade , placed Melnikov on the front end of 1920s avant-garde architecture...

. The building, neglected for decades and partially taken apart by previous tenants, was restored in 2007–2008 and reopened to the public in September 2008. Speed and expense of restoration is credited to sponsorship by Abramovich.

Homes

Abramovich qualified for the Sunday Times Rich List 2008
Sunday Times Rich List 2008
The Sunday Times Rich List 2008 was published on 27 April 2008.Since 1989 the UK national Sunday newspaper The Sunday Times has published an annual magazine supplement to the newspaper called the Sunday Times Rich List...

, with an estimated fortune of €13.8 billion (£11.7 billion/US$19.3 billion), by virtue of retaining a property in Belgravia
Belgravia
Belgravia is a district of central London in the City of Westminster and the Royal Borough of Kensington and Chelsea. Noted for its immensely expensive residential properties, it is one of the wealthiest districts in the world...

, London on Lowndes Square
Lowndes Square
Lowndes Square is an upmarket residential community in Belgravia, London. Like much of Belgravia it is characterised by grand terraces with white stucco houses. The square runs parallel with Sloane Street to the east, east of the Harvey Nichols store and Knightsbridge tube station. It is home to...

.

In May 2008, Abramovich bought the 200 acre (0.809372 km²) former Wildcat Ridge near Aspen, Colorado
Aspen, Colorado
The City of Aspen is a Home Rule Municipality that is the county seat and the most populous city of Pitkin County, Colorado, United States. The United States Census Bureau estimates that the city population was 5,804 in 2005...

 estate of American businessman Leon Hirsch, founder of United States Surgical Corporation, for €21.2 million (£18 million/US$29.7 million).

In late 2009, he purchased 9 apartments spread across 2 adjacent buildings in Lowndes Square, London. Planning to demolish all but the facades, the plan was to build a £150m ($233m) eight bedroomed, eight storey (3 below ground, 5 above) home. However, due to part of the complex being owned by the National Trust
National Trust
National Trust most commonly refers to an organization dedicated to preserving the cultural or environmental treasures of a particular geographic region. They generally operate as private non-profit organizations, although some receive considerable support from their national government...

 and the resultant time delays, he abandoned the project.

Yachts

Abramovich has become the world's greatest spender on luxury yacht
Luxury yacht
The term luxury yacht, “Superyacht” and "Large Yacht" refers to very expensive, privately owned yachts which are professionally crewed. Also known as a Super Yacht, a luxury yacht may be either a sailing or motor yacht.-History:...

s, and had been linked to five yachts in what the media have called "Abramovich's Navy":
  • Eclipse
    Eclipse (yacht)
    M/Y Eclipse is a luxury motor yacht constructed by Blohm + Voss in Hamburg, Germany. Its exterior and interior were designed by Terence Disdale Design and its naval architect was Francis Design. The yacht was delivered to Russian businessman Roman Abramovich on 9 December 2010...

    170 metres (557.7 ft) – ultramodern design by Hermidas Atabeyki. Similar to Pelorus with even more aggressive lines and a tri-colour scheme, also with an interior by Terrence Disdale. Built in Germany by Blohm + Voss
    Blohm + Voss
    Blohm + Voss , is a German shipbuilding and engineering works. It is a subsidiary of ThyssenKrupp Marine Systems; there were plans to sell 80% of Blohm + Voss to Abu Dhabi Mar Group, but talks collapsed in July 2011.-History:It was founded on April 5, 1877, by Hermann Blohm and Ernst Voss as a...

    , she was floated out in September 2009. Abramovich was due to take delivery of the yacht in December 2009, which was delayed for almost a year after sea trials. She is believed to have cost Abramovich around US$300 million, and is presently the world's largest privately-owned yacht
    Yacht
    A yacht is a recreational boat or ship. The term originated from the Dutch Jacht meaning "hunt". It was originally defined as a light fast sailing vessel used by the Dutch navy to pursue pirates and other transgressors around and into the shallow waters of the Low Countries...

     as of 2009. The specification includes at least two swimming pools, two helicopter landing-pads, several on-board tenders and a submarine
    Submarine
    A submarine is a watercraft capable of independent operation below the surface of the water. It differs from a submersible, which has more limited underwater capability...

    . She has been reported to have an "anti-paparazzi
    Paparazzi
    Paparazzi is an Italian term used to refer to photojournalists who specialize in candid photography of celebrities, politicians, and other prominent people...

    " photo-shield system installed.

Motor Yacht Luna 115m Delivered to Roman Abramovich , the world's largest expedition yacht
  • Sussurro 50 metres (164 ft) – built by Feadship
    Feadship
    Feadship is a cooperative venture between two shipyards and maritime engineering company De Voogt Naval Architects.-History:...

     in 1998 with the interior designed by Terence Disdale, Abramovich bought her from the same person who sold him Pelorus. She is permanently moored in IYCA, Antibes

Former boats:
  • Pelorus
    Pelorus (yacht)
    Pelorus is the world's nineteenth largest luxury yacht at in length, currently owned by David Geffen....

     115 metres (377.3 ft) – Built in 2003 by Lurssen
    Lürssen
    Lürssen is a German shipbuilding company based in Bremen-Vegesack.Lürssen designs and constructs yachts, naval ships and special vessels...

     for another client who received six offers to sell her before she was even completed, in 2004 he accepted Abramovich's bid. The contemporary interior was designed by Terence Disdale. Pelorus was refitted by Blohm + Voss
    Blohm + Voss
    Blohm + Voss , is a German shipbuilding and engineering works. It is a subsidiary of ThyssenKrupp Marine Systems; there were plans to sell 80% of Blohm + Voss to Abu Dhabi Mar Group, but talks collapsed in July 2011.-History:It was founded on April 5, 1877, by Hermann Blohm and Ernst Voss as a...

     in 2005 adding a new forward helipad and zero speed stabilizers. She was partially refitted once again by Blohm + Voss in 2007–2008. Most often found cruising the Western Mediterranean, Abramovich annually took her to the Caribbean to celebrate New Year's Eve in St Bart's
    Saint Barthélemy
    Saint Barthélemy , officially the Territorial collectivity of Saint Barthélemy , is an overseas collectivity of France. Often abbreviated to Saint-Barth in French, or St. Barts in English, the indigenous people called the island Ouanalao...

    . Given to Irina in 2009 as part of he divorce settlement, she was approached on David Geffen
    David Geffen
    David Geffen is an American record executive, film producer, theatrical producer and philanthropist. Geffen is noted for creating Asylum Records in 1970, Geffen Records in 1980, and DGC Records in 1990...

    's behalf by broker Merle Wood, with Geffen paying $300 million to take ownership in 2011.
  • Le Grand Bleu
    Le Grand Bleu (yacht)
    Le Grand Bleu is one of the largest private yachts in the world at in length. It was built at the Bremer Vulkan yard in Bremen, Germany, and was launched in 2000. It was designed by Stefano Pastrovich and constructed by Kusch Yachts. It was previously owned by John McCaw Jr., an American...

     112 metres (367.5 ft) expedition yacht) – formerly owned by John McCaw, Abramovich bought her in 2002 and had her completely refitted including a 16 ft (4.9 m) swim platform and sports dock. He presented her to his associate and friend Eugene Shvidler
    Eugene Shvidler
    Evgeny Markovich Shvidler , also Eugene Shvidler, is a Russian oil businessman. Although not often referred to as one of the prominent business oligarchs, he still made his fortune in Russia during the privatization of Russian industry....

     in June 2006
  • Ecstasea
    Ecstasea
    Ecstasea is a luxury yacht. The biggest Feadship built, she was sold by her original owner, the Russian oligarch Roman Abramovich, in June 2009 to an unknown Shiekh of the UAE by yacht brokers Merle Wood for $200 million. Many believe it was purchased by Sonja Zuckerman...

    85 metres (278.9 ft) – Largest Feadship
    Feadship
    Feadship is a cooperative venture between two shipyards and maritime engineering company De Voogt Naval Architects.-History:...

     built to date. She has a gas turbine
    Gas turbine
    A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber in-between....

     alongside the conventional diesels which gives her high cruising speed. Abramovich sold the boat to an unnamed buyer in 2009.

Aircraft

He owns a private Boeing 767-33A/ER
Boeing 767
The Boeing 767 is a mid-size, wide-body twin-engine jet airliner built by Boeing Commercial Airplanes. It was the manufacturer's first wide-body twinjet and its first airliner with a two-crew glass cockpit. The aircraft features two turbofan engines, a supercritical wing, and a conventional tail...

, registered in Aruba
Aruba
Aruba is a 33 km-long island of the Lesser Antilles in the southern Caribbean Sea, located 27 km north of the coast of Venezuela and 130 km east of Guajira Peninsula...

 as P4-MES. It is known as "The Bandit" due to its cockpit paint detail. Originally the aircraft was ordered by Hawaiian Airlines
Hawaiian Airlines
Hawaiian Airlines, Inc. is a major airline of the United States. It is the largest airline based in the State of Hawai'i, and is the 11th largest commercial airline in the country. Based in Honolulu CDP, City and County of Honolulu, the airline operates its main hub at Honolulu International...

 but the order was canceled and Abramovich bought it from Boeing and refitted it to his own requirements. Interior details or images are not available anywhere. P4-MES is frequently parked at the Harrods Aviation facility at Stansted Airport, UK. It is said that the aircraft is, as with his yachts, fitted with radar to detect missile threats, and different defensive countermeasures.

Additionally Mr. Abramovich's collection of aircraft includes an Airbus A340
Airbus A340
The Airbus A340 is a long-range four-engine wide-body commercial passenger jet airliner. Developed by Airbus Industrie,A consortium of European aerospace companies, Airbus is now fully owned by EADS and since 2001 has been known as Airbus SAS. a consortium of European aerospace companies, which is...

-313X Prestige named Bourkhan, so named after Bourkhan Cape on Lake Baikal
Lake Baikal
Lake Baikal is the world's oldest at 30 million years old and deepest lake with an average depth of 744.4 metres.Located in the south of the Russian region of Siberia, between Irkutsk Oblast to the northwest and the Buryat Republic to the southeast, it is the most voluminous freshwater lake in the...

.
Abramovich also owns three Eurocopter helicopters, all with Aruba
Aruba
Aruba is a 33 km-long island of the Lesser Antilles in the southern Caribbean Sea, located 27 km north of the coast of Venezuela and 130 km east of Guajira Peninsula...

 registration as well. An EC-145 with the registration P4-LGB, an EC-135T1 with the registration P4-XTC and an EC-155B with the registration P4-HEC. The helicopters are based on his yachts, at Blackbushe airport or at his estate Fyning Hill near Rogate
Rogate
Rogate is a village and civil parish in the Chichester district of West Sussex, England situated in the Western Rother valley. The village is on the A272 road seven miles west of Midhurst. The parish comprises the villages of Rogate and Rake and the hamlets of Haben, Fyning, Hill Brow, Langley,...

 in West Sussex, UK.

Motor vehicles

In 2004, Abramovich bought two Maybach 62 limousines, which were customized to be bomb and bullet-proof and reportedly cost £1 million (€1.18 million/US$1.65 million). Abramovich also owns a Ferrari FXX
Ferrari FXX
The Ferrari FXX is a high performance race car built by automobile manufacturer Ferrari in Maranello, Italy. The FXX is based on the street-legal Enzo. Production of the FXX began in 2005.- Overview :...

, a US$2.2 million (€1.57 million) "racetrack-only" car, of which only 29 were built. He also owns a Bugatti Veyron
Bugatti Veyron
The Bugatti Veyron EB 16.4 is a mid-engined grand touring car. The Super Sport version is the fastest road-legal production car in the world, with a top speed of . The original version has a top speed of...

 (blue on black), Maserati MC12 Corsa, Ferrari 360
Ferrari 360
The Ferrari 360 is a mid-engine midsize two-seater sports car produced from late 1999 until 2005. The 360 replaced the Ferrari F355 and was itself replaced by the fairly similar Ferrari F430...

, Porsche Carrera GT
Porsche Carrera GT
The Porsche Carrera GT is a mid-engined sports car that was manufactured by Porsche in Leipzig, Germany.- History :The development of the Carrera GT can be traced back to the 911 GT1 and LMP1-98 racing cars. Due in part to the FIA and ACO rule changes in 1998, both designs had ended. Porsche at...

, Rolls Royce Corniche with the licence plate VIP 1, originally Republic of Ireland registration, Porsche 911 GT1
Porsche 911 GT1
The Porsche 911 GT1 was a car designed for competition in the GT1 class of sportscar racing, which also required a street legal version for homologation purposes...

 and a Mercedes-Benz CLK GTR
Mercedes-Benz CLK GTR
The Mercedes-Benz CLK GTR is a sports car and race car that was built by Mercedes-AMG, performance and motorsports arm of Mercedes-Benz. Intended for racing in the new FIA GT Championship series in 1997, the CLK GTR was designed primarily as a race car, with the road cars necessary in order to...

.

External links

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