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Roman Abramovich

Roman Abramovich
Roman Abramovich 2.jpg
Born Roman Arkadyevich Abramovich
24 October 1966 (1966-10-24) (age 50)
Saratov, Russian SFSR, Soviet Union
Residence Chelsea, London, United Kingdom
Nationality Russian
Occupation businessman, entrepreneur, politician
Known for
Net worth Decrease $7.6 billion (2016)
Spouse(s) Olga Lysova (m. 1987–90)
Irina Malandina (m. 1991–2007)
Dasha Zhukova (m. 2008—present)
Children 7 (5 with Malandina; 2 with Zhukova)
Awards
Governor of Chukotka
In office
17 December 2000 – 3 July 2008
Preceded by Alexander Nazarov
Succeeded by Roman Kopin

Roman Arkadyevich Abramovich (Russian: Рома́н Арка́дьевич Абрамо́вич, pronounced [rɐˈman ɐrˈkadʲjɪvʲɪtɕ ɐbrɐˈmovʲɪtɕ]; born 24 October 1966) is a Russian billionaire businessman, investor, and politician.

Abramovich is the primary owner of the private investment company, Millhouse LLC. Abramovich is best known outside Russia as the owner of Chelsea Football Club, a Premier League football club.

According to Forbes, Abramovich's net worth in 2016 was $8 billion, making him the 13th richest person in Russia, and the 151st richest person in the world.

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.

In 1988, as perestroika opened up opportunities for privatization in the Soviet Union, Abramovich got a chance to legitimise his old business. 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.

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.


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