Roman Abramovich Net Worth In 2023 Career & Relationship

Estimated value:	€12.5 billion
Age:	55
Born:	10/24/1966
Country of origin:	Soviet Union
Source of Wealth:	entrepreneur
Last updated:	2021

Short introduction

Born in Russia but also holding Israeli citizenship, Roman Abramovich is considered one of the richest men in the world. The qualified engineer founded his first company at the age of 21. Quite quickly, he acquired a constantly growing Net Worth, primarily through transactions in the oil sector. However, he is known to many above all through his commitment as the owner of the English football club Chelsea FC.

early life

Roman Abramovich was born in Saratov in 1966. His mother died when he was a year and a half and his father when he was four. He grew up with his uncle, who was an oil engineer, until he was eight years old. He later moved to another uncle in Moscow, where he studied engineering after school. He founded his first company in 1987, which, however, only produced rubber ducks or soccer balls. Nevertheless, the foundation for his career as an entrepreneur was laid. Between 1993 and 1996 he headed the Moscow office of a Swiss oil trading company. From then on he had a foothold in the Russian oil industry, which established his later immense wealth. The decisive factor was above all that he met Boris Berezovsky in 1992, who at the time was both an influential businessman and politician in Russia, which was in transition. By becoming his partner, Roman Abramovich gained access to the most important contacts in the country in politics and business.

Career

So he built up a large company empire alongside Boris Berezovsky. The most important of these was Sibneft, Russia’s fifth largest oil company at the time. But an airline, a car company and many other companies quickly also owned shares in Abramovich. He was also politically influential at this time and is considered one of the pioneers of the change of power in Russia from Boris Yeltsin to Vladimir Putin. Of course, this closeness to the new head of state in Russia also provided many advantages in Roman Abramovich’s economic activities.

At that time, he mainly did business with the largest Russian refinery in Omsk. This later became the heart of the Sibneft group, which Roman Abramowitsch had long since sold to Gazprom. When Mikhail Khodorkovsky – another Russian oligarch – was put on trial, Roman Abramovich began selling most of his shares in the company to other Russian corporations. However, he continued to be active with companies in Russia.

However, his career also includes a long stint as a governor in a Russian province. From 2000 to 2008 he was governor of the Chukotka region. In addition to his hobbyhorse, the football club FC Chelsea in England, he also invested several millions of his wealth in the infrastructure in that region such as in hospitals, roads and social facilities.

After many years in Great Britain, he recently did not extend his application for a residence permit. He actually wanted to move to Switzerland, but was rejected there as a threat to Switzerland’s reputation. Abramovich is repeatedly associated with money laundering. So he settled in Israel and also received its citizenship, for which, as the son of Jewish parents, no other special conditions had to be met.

Career highlights

He himself would certainly consider the purchase of Chelsea FC in 2003 and all the successes associated with it as the highlight of his life. In turn, winning the Champions League in 2012 – in the final in Munich against FC Bayern, which is based there – should be considered the greatest success.

Overall, however, the entire course of Roman Abramovich’s career can be seen as a single success story. To have made it as an early orphan to one of the richest men in the world, and that without any significant seed capital, is an extremely impressive CV.

Famous quotes

Very few quotes from Roman Abramovich have become known. Which has its reason in the first quote that has been handed down from him.

“I never make any public statements. Or at least I try never to make any public statements.”
“Money can’t buy happiness, only independence.”
“I can hardly earn any money with Chelsea FC. It’s more about fun, success and trophies.”

Amazing Facts

He was in a long-term relationship with three different women, with whom he has a total of seven children. Otherwise, see the first quote, little is known about his preferences and private life.

However, he owns three super luxury yachts, the most recently purchased being the second largest yacht in the world at the time. In addition to various aircraft, there are also two submarines, the maintenance of which alone costs over 1 million euros a year. Roman Abramowitsch also bought several castles in Central Europe, including the Leitenschlössl in Garmisch-Patenkirchen and the Waldschlössl in Burgau.

So far, he has invested an estimated three-quarters of a billion euros in fees and salaries in Chelsea. He also owned small shares in CSKA Moscow for a certain time. Recently, however, serious rumors have been circulating that he wants to sell Chelsea.

Estimated value:	€12.5 billion