Bloomberg Billionaires Index

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# 265 Roman Abramovich $8.17B

Random fact: UK government froze Abramovich's assets in March 2022.


Abramovich is the largest shareholder of Evraz, Russia's second-biggest steelmaker. He owns a stake in Norilsk Nickel, the world's largest producer of refined nickel, and previously owned London's Chelsea Football Club. He built his fortune from dividends and sales of privatized assets acquired from the former Soviet Union.

As of :
Last change -$6.98M ( -0.1%)
YTD change +$352M ( +4.5%)
Biggest asset Cash
Country / Region Russian Federation
Age 56
Industry Diversified
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Roman Abramovich's net worth of $8.17B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Abramovich's fortune is derived from proceeds he collected selling previously Russian state-owned assets he acquired following the fall of the Soviet Union. He began divesting his stakes in the companies in 2003, when he sold 26% of Aeroflot to the National Reserve Bank for $135 million. He then sold his aluminum assets to fellow billionaire Oleg Deripaska for more than $2 billion, according to media reports.

Russian oil company Sibneft paid more than $3 billion in dividends to shareholders, including Abramovich, based on media reports. He sold his stake -- which was more than 70% of the company, according to a person familiar with the deal -- for almost $10 billion in 2005. The value of his cash investments is based on an analysis of dividends, asset sales, taxes and market performance. He controls stakes in Evraz, Russia's second-biggest steelmaker, and Norilsk Nickel, the world's largest nickel producer.

Abramovich's stake in Sibneft was disputed when the Boris Berezovsky alleged in a London court case that he was a Sibneft shareholder, citing payments of about $2 billion made before the asset was sold in 2005. Abramovich said the money was for political protection. A London judge ruled in Abramovich's favor in August 2012.

He acquired London's Chelsea Football Club for $105 million in 2003, and spent more than 1 billion pounds funding the team before its May 2022 sale, with the funds going to support relief efforts in Ukraine.

Abramovich was sanctioned by the UK government and European Union in March 2022 following Russia's invasion of Ukraine. A Jersey court said the following month it has imposed a freezing order on assets linked to him that may be worth more than $7 billion. Abramovich is among the Russian billionaires challenging at least the EU's sanctions.


Family: Separated, 7 children

Roman Arkadievich Abramovich was born in Saratov, Russia, in 1966. His mother, Irina, died 18 months later. His father, Arkady Nakhimovich, worked for the Syktyvkar National Economic Council and died when Roman was 4. He was raised by relatives in Komi and Moscow. After his compulsory service in the Soviet Army, Abramovich enrolled in the Moscow Road Transport Institute and soon dropped out to work as a mechanic. He later earned a correspondence degree from Moscow State Law Academy.

Abramovich sold plastic toys from 1989 to 1991. In the years that followed, he created several companies that traded petroleum products, minerals, cement and fertilizers in Russia and elsewhere.

In 1995 he used a personal connection he made with Boris Berezovsky -- a confidant of then-Russian President Boris Yeltsin and a broker in the privatization of state-owned assets -- to acquire a 50 percent stake in Siberian Oil Co. (Sibneft) for about $100 million. He later acquired a controlling stake in the company through subsequent auctions. Abramovich made investments in aluminum, automobile manufacturing and Russian airline Aeroflot. He merged his aluminum assets with Siberian Aluminum, to create Russian Aluminum (Rusal) in 2000 and, in 2003 and 2004, sold a 50 percent stake in Rusal to fellow billionaire, Oleg Deripaska, for more than $2 billion.

Abramovich began to sell his energy and metals assets and refocus his investments in 2003. Gazprom bought Sibneft for more than $13 billion in 2005, of which Abramovich received about $10 billion. The billionaire had already collected about $6 billion in dividends and stock sales. The proceeds were part of a lawsuit brought against him by Berezovsky, who said the $2 billion Abramovich paid him from 1995 to 2002 was not enough to compensate him for the stake in Sibneft he claims to have owned. Abramovich said the payment was only for access and "krysha," or political protection. A judge ruled in Abramovich's favor in August 2012.

He parlayed some of his windfall into a collection of cars, planes and yacht Eclipse, the world's second largest private yacht. He also bought artworks by Pablo Picasso, Lucian Freud and Francis Bacon, and London's Chelsea Football Club.

The billionaire has been a supporter of Russia's Chukotka region, where he began serving as governor in 2000. He resigned as chairman of the local duma, Chukotka's legislature, in July 2013. Since 1999, through personal and corporate taxes, as well as other funding he and his companies have donated more than $2.5 billion for schools, hospitals and infrastructure, and have helped reduce the region's budget deficit.

Abramovich was sanctioned by the UK and European Union in March 2022 following Russia's invasion of Ukraine.

  • 1966 Roman Abramovich is born in Saratov, Russia.
  • 1989 Starts trading products -- including rubber ducks -- in Moscow.
  • 1999 Elected Chukotka representative to Russia's national Parliament.
  • 2000 Co-founds aluminum maker Rusal with Oleg Deripaska.
  • 2003 Buys Chelsea Football Club for $98.5 million.
  • 2003 Completes sale of his stake in Rusal to Deripaska.
  • 2005 Sells Sibneft to Gazprom for more than $13 billion.
  • 2011 Sued by Boris Berezovsky in London for $7 billion; wins case in 2012.
  • 2013 Resigns post as chairman of Chukotka region's Parliament.
  • 2017 Splits from third wife Dasha Zhukova.