Roman Abramovich Net Worth

July 15, 2023
2 mins read

Roman Arkadyevich Abramovich was born on 24 October 1966 in Saratov, Russia in the then Soviet Union, into a Jewish family, and is a well known personality in Russia and around the world as a businessman and investor. Also, Abramovich has added to his net worth while being active in Russian politics.

So just how rich is Roman Abramovich? Forbes magazine estimates that Roman’s  net worth is over $9 billion, which ranks him as the 12th richest person in Russia, and in the 150 richest people worldwide.

Roman Abramovich Net Worth $9.2 Billion

Roman Abramovich’s mother died when he was only one year old, his father passed away when Roman was 2.5 years old, so Roman was raised by his relatives in Uchta. He attended the Gubkin Institute of Oil and Gas, before spending a brief period in the Russian Army, where he managed to buy things cheaply and sell them at a higher price – whether this business was legal or not is indeterminate. When Roman Abramovich was demobilized, Mikhail Gorbachev began the restructuring commonly known as ‘perestroika’ which was the beginning of public. political and economic change throughout the Soviet Union. Previously, private businesses were prohibited, but during ‘perestroika’  the rapid establishment of private companies began. When engaging in private business was allowed, Abramovich founded puppet Production Company Ujut meaning ‘comfort’. Later, Abramovich  founded and closed more than 20 companies, from selling tyres to security staff recruitment. These early attempts helped Roman not only to increase his net worth, but also to find a place in a free market, and gave him invaluable experience.

Subsequently, Abramovich became involved in the oil business, and became one of the board members of Sibneft Company, in the corrupt transactions of the ‘loans-for-shares’ period, later admitting that he and Berezhovsky had paid large bribes, Sibneft became one of the five biggest oil companies worldwide. Needless to say, this made a huge impact on Roman Abramovich’s net worth. However, later the company was sold to Gazprom, and Abramovich threw himself into politics.

Roman had close relationships with both Boris Yeltsin and Vladimir Putin. In 1999, he won elections and became the representative for the Chukotka Autonomous Okrug in the State Duma. He has also worked as the governor of Chukotka. For his contribution to Russian politics, he was awarded with the ‘Order of Honour’. In short, political friendship and sponsorship have apparently done no harm to Roman Abramovich, and indeed have very possibly been the catalyst for the growth of his net worth.

In 2003, Roman Abramovich purchased English Premier League Football Club Chelsea, this way increasing his popularity internationally and adding to Abramovich’s net worth. Roman has also sponsored CSKA Moscow football club, and the National Academy of Football.

However, in addition to the foregoing, he is the most generous philanthropist in the whole of Russia, as he has donated huge amounts of money for schools and hospitals. Abramovich was titled the Person of the Year by Russian magazine Expert in 2003. Then, as he is a very wealthy man, he also likes spending his money on yachts, paintings, cars, jets and real estate.

In his personal life,  Roman Abramovich currently,lives in his luxurious house located in Lowndes Square in London. Roman Abramovich was married twice. He married his first wife Olga Yurevna Lysova in 1987, the couple divorced in 1990. The second marriage with Irina Vyacheslavovna Malandina began in 1991 and ended in 2007; they have five children. He is now in a relationship with Dasha Zhukova, and they have two children.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications.

At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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