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Roman Abramovich & family

Roman Abramovich & family

R. family
-3.08% | - $-281.99M
$8.87 B ₹ 80,697 Cr
Real Time Net Worth #397 Ranking as of 21 Feb 2026 By Forbes

More on Roman Abramovich & family

Gender

Male

Age

59Y

Country

Russia

Born On

October, 1966

Deceased

No

Relationship Status

Divorced

Children

7

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Oil And Steel)

Primary Organization

Millhouse Capital

Titles

Owner

Sources of Wealth

Steel, Investments

Industry

Metals & Mining, Oil & Gas, Investments

About Roman Abramovich & family


R oman Abramovich is one of Russia's best-known oligarchs, having amassed a spectacular fortune in the oil and metals industries following the collapse of the Soviet Union. Orphaned as a young child, he was raised by relatives. He briefly attended university before entering the world of business during the era of perestroika. His big break came during Russia's controversial 'loans-for-shares' privatization scheme in the 1990s, where he and his partners acquired a controlling stake in the oil giant Sibneft for a fraction of its market value. He later sold Sibneft to the state-owned gas company Gazprom in 2005 for more than $13 billion.

Abramovich became a global figure in 2003 when he purchased the Chelsea Football Club in the English Premier League. He invested heavily in the club, transforming it into one of the most successful teams in European football. He is also known for his lavish lifestyle, which includes a portfolio of superyachts, private jets, and luxury real estate around the world. In 2022, following Russia's invasion of Ukraine, Abramovich was sanctioned by the United Kingdom and the European Union for his alleged ties to the Kremlin. This forced him to sell the Chelsea Football Club and has led to the freezing of many of his assets.

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Quick Reads


  • A prominent Russian oligarch who made his fortune in oil and metals.
  • Acquired the oil company Sibneft during Russia's 1990s privatization.
  • Former owner of the Chelsea Football Club, which he transformed into a European powerhouse.
  • Sanctioned by the UK and EU in 2022, forcing the sale of Chelsea.
  • Also holds Israeli and Portuguese citizenship.

Early Life and Background


Roman Arkadyevich Abramovich is a Russian-Israeli businessman, the self-made billionaire Former Executive of Sibneft (oil) and Rusal (aluminum). His colossal wealth is tied to the post-Soviet privatization era (acquiring major oil and industrial assets). Born in Saratov, Russia, in 1966, his career is defined by opportunistic acquisition, political influence, and high-profile sports ownership.

Abramovich's philosophical approach centers on resource control, asset consolidation, and long-term commitment to industrial assets (leveraging political connections). His structural contribution is tied to pioneering the privatization and modernization of Russia's industrial base.

  • Sibneft (Former Executive & Owner): The foundational source of his wealth, the major Russian oil company he acquired and sold to Gazprom for $13 billion in 2005.
  • Chelsea Football Club (Former Owner): The English Premier League club he acquired in 2003 and sold in 2022 (a major, controversial acquisition).
  • Controversy/Sanctions: He has been sanctioned by the U.K. and EU following the war in Ukraine, leading to asset freezes and the forced sale of Chelsea FC.
  • Industrial Focus: His wealth is tied to the scale privatization and consolidation of oil, aluminum (Rusal), and steel assets.

Career Journey of Roman Abramovich & family


Roman Abramovich's strategic genius was his commitment to high-capital industrial acquisition. He rose to prominence in the 1990s through his political connections (acquiring Sibneft for a fraction of its value). His structural contribution is immense: driving the privatization and consolidation of Russia's oil and aluminum industrial base.

His most public venture was the acquisition of Chelsea FC in 2003 (transforming the club into a global football powerhouse). His career faced a massive crisis in 2022 when he was sanctioned by the U.K. and EU, leading to the forced sale of Chelsea FC (with the proceeds intended for Ukrainian war victims). His wealth is secured by the colossal liquid gains from the Sibneft sale and the appreciation of his industrial assets.

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Roman Abramovich & family's Timeline


1990s:

Abramovich acquires major industrial assets during privatization (Industrial Founding).

2003 (June):

Acquires Chelsea Football Club (Sports Apex).

2005:

Sells Sibneft to Gazprom for $13 billion (Major Exit).

Ongoing:

Continues as Patriarch and major investor, managing his interests (Executive Oversight).

Major Business Ventures and Investments


Roman Abramovich's wealth is concentrated in the liquid capital generated from the $13 billion sale of Sibneft to Gazprom and his stake in Evraz (Steel).

  • Sibneft (Former Executive & Owner): The foundational source of his wealth, the major Russian oil company he acquired and sold to Gazprom for $13 billion in 2005.
  • Chelsea Football Club (Former Owner): The English Premier League club he acquired in 2003 and sold in 2022.
  • Controversy/Sanctions: He has been sanctioned by the U.K. and EU following the war in Ukraine, leading to asset freezes and the forced sale of Chelsea FC.
  • Industrial Focus: His wealth is tied to the scale privatization and consolidation of oil, aluminum (Rusal), and steel assets.

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Philanthropy and Social Impact


Roman Abramovich's social impact is structural, stemming from his acquisition of Chelsea FC (which transformed the club into a global brand). His philanthropic commitment is massive, supporting Jewish causes (funding the Keren Hesed Foundation) and public health/education in the regions where he operated. His structural contribution is tied to the successful privatization and monetization of essential Russian assets.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Roman Abramovich maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global industrial sector.

Residing in Russia (with former residences in London and extensive private yachts), his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, asset management, and political influence.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He sold his oil company, Sibneft, to Gazprom for $13 billion.
  • He was the former Owner of Chelsea FC (sold in 2022 due to sanctions).
  • He has been sanctioned by the U.K. and EU.
  • His fortune is tied to the privatization of Russian state assets in the 1990s.
  • He is a major art collector (acquiring works by Francis Bacon and Lucian Freud).
  • He holds Israeli and Portuguese citizenship.
  • His wealth is estimated at $9.3 billion (2024 estimate).

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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