Early Ventures and the Rise of Abramovich
Between 1992 and 1995, Abramovich went on to found five more companies that operated in various sectors, including the resale and production of consumer goods, oil trading, and oil products. His ventures didn’t just stop at these industries; he also dipped his toes into areas as diverse as tire retreading and bodyguard recruitment. Abramovich was not afraid of change, leading to the creation and liquidation of at least 20 companies throughout the early 1990s.
Stepping into the Oil Industry with Sibneft
The game-changer in Abramovich’s journey was the acquisition of the large oil company Sibneft in 1995. Teaming up with Boris Berezovsky, an associate of President Boris Yeltsin, Abramovich saw an opportunity and seized it. The duo invested USD 100 million each for half of the company, rapidly transforming their investment into billions.
Ownership of Chelsea Football Team
As an avid football fan, Abramovich took over the U.K.’s Chelsea soccer team in 2003, making a considerable investment of US$ 140 million. This move drastically elevated the club’s performance and reputation, with the team winning 13 major trophies since Abramovich’s takeover.
Yachts and More
Abramovich’s immense wealth and taste for luxury are mirrored in his ownership of numerous super yachts. The SOLARIS Yacht, his newest addition in 2021, exemplifies this. His past collection included the Sussurro Yacht, the Le Grand Bleu Yacht, and the Luna Yacht, all of which have now found new owners.
Personal Life
Abramovich has walked down the aisle three times. His first wife was Olga, whom he was married to before acquiring his wealth. His second marriage was with Irina, a former stewardess. This relationship ended in a considerable divorce settlement, rumoured to be around US$ 300 million, with Irina reportedly receiving the Sussurro Yacht as part of the settlement.
His most recent spouse was Dasha Zhukova, a woman from a wealthy family herself, being the daughter of oligarch Alexander Zhukov. This union saw the birth of two children. However, in 2017, the couple announced their separation after ten years of marriage, yet they promised to continue their joint business ventures. Dasha was speculated to have received a few hundred million as part of the divorce settlement.
Roman Abramovich’s Net Worth
Abramovich has amassed an impressive fortune over the years. He was once the 12th richest Russian with an estimated net worth of $14 billion. However, due to certain sanctions, his net worth witnessed a decline and stood at $7 billion in March 2022.
Despite the reduction in his net worth, Abramovich’s lifestyle, properties, and investments continue to reflect his success. His story, starting from a modest doll-making business to becoming one of the wealthiest individuals in the world, remains a testament to his entrepreneurial spirit and business acumen.
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