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Roman Abramovich Biography

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Birth Name(s) : Roman Abramovich Date of Birth: N/A
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Roman Arkadyevich Abramovich (IPA: ) (Russian: Рома́н Арка́дьевич Абрамо́вич) (born 24 October 1966 in Saratov, Russia) is a Russian billionaire and the main owner of private investment company Millhouse Capital, referred to as one of the Russian oligarchs. According to the 2006 Forbes magazine, as of 13 February 2006, he had a net worth of $18.2 billion, and according to Russian Finance magazine, as of January 2007, his fortune was $21.0 billion. He was considered to be the richest person currently living within the United Kingdom in 2003.

Despite maintaining that his primary residence is Moscow, Abramovich was named the second-wealthiest person in the UK in the Sunday Times Rich List 2006, with an estimated fortune of £10.8 billion. Abramovich qualified for the list by virtue of retaining residences in Knightsbridge, London, and Sussex. His 440-acre estate in West Sussex was previously owned by King Hussein of Jordan. It has a swimming pool, a clay pigeon shoot, a rifle range and a go-kart track.

Abramovich was awarded the Order of Honor for his "huge contribution to the economic development of the autonomous district ", by a decree signed by the President of Russia.

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 (frequently at inflated prices), without regard for the effects on the club's financial outturn, as was seen in the year 2005 when Abramovich allegedly offered AC Milan a world record fee of £89.8M for the then European Footballer of the Year, striker Andriy Shevchenko. Shevchenko did eventually join Chelsea in 2006 for a British record transfer fee of around £30m.

The proposed merger of Sibneft with Yukos 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.

Chris Hutchins, a biographer of Vladimir Putin, claims that the relationship between the Russian president and Abramovich is like that between a father and a favourite son; when rumours began about the latter's relationship with Zhukova, Putin reportedly told him "to clean up his act". Reports of such a conversation are hearsay and have never been verified. Abramovich himself has stated that his relationship with Putin is professional, as signified by his use of the Russian language's formal "вы" in addressing Putin, as opposed to the informal "ты".

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 a 23-year old beauty called Daria Zhukova, the former girlfriend of tennis player Marat Safin. It was speculated that a future divorce settlement (amounting to a conjectured £5.5 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 $300 million.

Abramovich has become the world's greatest spender on luxury yachts, and had four boats in what the media have called "Abramovich's Navy":
- Eclipse - Initially known as project M147 it was designed by the french design studio Atabeyki. The interior is being designed by Terrence Disdale. Eclipse is being built in Germany by Blohm + Voss and when completed will be 147 meters long. It is believed to cost Abramovich around $300 million and will be the world's third largest yacht with at least two swimming pools, two helipads, several on board tenders and a submarine. Its ultra modern design is similar to Pelorus with even more aggressive lines and tri-colour scheme.
- Ecstasea (282 feet / 85 meter long) - Largest Feadship built to date.
- Pelorus (377 feet / 115 meter long) - A frequent visitor to the islands of Malta and Santorini, whereby her agent Simon Borg Cardona of Nautica Ltd provides all of his yachts with services and duty-free fuels.
- Le Grand Bleu (370 feet / 112 meter long) – formerly owned by Paul Allen of Microsoft, Abramovich bought her in 2002 and had her completely refitted including a 16ft swim platform and sports dock. He presented her to his associate and friend Eugene Shvidler in June 2006.
- Sussurro (163 feet / 50 meter long) - built by Feadship in 1998 with the interior designed by Terence Disdale.
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