Roman Abramovich Biography & Net Worth

Roman Abramovich Biography & Net Worth

Roman Abramovich is a Russian politician, businessman, and investor who happens to be one of the wealthiest people in the world. He is widely held in high-regard as a self-made man, who broke out from a very modest childhood and built an empire of his own through hard work and incredible dedication while conducting business deals. His riches grew out of proportion when he became the owner of the investment company Millhouse LLC and his prime claim to fame outside of Russia is as the owner of Chelsea Football Club of the English Premier League. While still looking for a place to put his feet, Roman joined the Russian army and served for short time. He resigned from this job and picked up series of odd jobs in order to earn a livelihood. Gradually, he was able to raise a reasonable amount of money with which he borrowed investments and established companies of his own. His biggest financial advancement came when he worked his way to the position of chairman of Comfort Co-Op. Having gathered adequate experience, Roman Abramovich ventured into politics and was in 2000, elected as governor of Chukotka. He has been good friends with Russian president Vladimir Putin, and has kept on climbing the ladder of success to become Russia’s richest man and biggest business icon.

Roman Abramovich’s Early Life

He was born in Saratov, Russia on 24 October 1966. Theirs was a lower middle class family, and his parents passed away soon after he was born. Orphaned at the age of two, his uncle took him to where he lived in Ukhta. Growing up was very difficult for Roman and he learnt to understand the value of money. Growing through hardship taught him how to save money as a young boy. While he was a student, Roman used his savings and opened his very first venture which was a plastic toy making company.

He was a student of the industrial institute in Ukhta when he got drafted in by the Russian army. After a brief time, he got tired of the Army and resigned and enrolled into Moscow State Auto Transport Institute. However, he never quite completed his education s he was carried away by his dreams of becoming wealthy as soon as possible. He started up some few ventures and his impeccable business intelligence allowed him earn some good profit.

Roman Abramovich’s Career

In the beginning of his professional life, Roman Abramovich served his country as in the Soviet Army for a few years. He was arrested in 1992 for a case of government property theft. However, he was able to come out of the situations without any allegations on him.

He started his entrepreneurial journey as a street trader and also worked in small mechanical factories in order to earn a living. Between 1992 and 1995, he founded five different business ventures which produced consumer goods and were conducted for resale. He was able to open such businesses by working different odd jobs and saving up whatever he made at the end of the day’s work.

Roman Abramovich ventured into politics and was in 2000, elected as governor of Chukotka. He served Russia in this position for eight years until the end of his tenure in 2008.

His love for sports motivated him to invest in Chelsea Football Club of the English Premier League. He is the owner of the private investment company Millhouse LLC, and also holds a reasonable amount of shares in the company Norilsk Nickel. He is also the owner of the British multinational steel making and mining company Evraz. In 2015, Roman invested the sum of $15 million in Israeli start-up Music Messenger that was established by OD Kobo.

Roman Abramovich has had his own share of controversies and unpleasant situations in his career. He has been accused of loan theft, bribery, theft, and many other widely reported crimes, but he always came back stronger and never let any of these obstacles define him negatively. Today, he is Russia’s richest man and country’s biggest business icon. He has emerged as one of the richest people on the planet, and will without doubt, continue to elevate through the ladder of success until his retirement.

Awards & Achievements

Roman Abramovich was honored with the ‘Order of Honour’ in 2003. It is one of Russia’s biggest honors, and he earned this reward in recognition and appreciation of all his works as a governor and businessman. He is also a recipient of an Order of Friendship Award. Through his football team Chelsea FC, he has won a number of trophies including a European Champions League trophy, a Europa League trophy, and several Premier League titles.

Personal Life & Family

Roman has married three times in his lifetime. His first marriage was to Olga Lysova in December 1987. Their marriage went on to last for three years before they called it quit in 1990. In 1991, he found love with stewardess Irina Vyacheslavovna Malandina and wasted no time in marrying her. Before their divorce in 2007, the couple had five children including Anna, Sofia, Arina, Ilya, and Arkadiy. Roman married Dasha Zhukova in 2008 and had two children with her before their marriage came to an end by divorce.

His second marriage failed after Roman’s affair with Dasha Zhukova became public. Dasha was only 25 at the time when she started dating the business tycoon. Their affair made headline everywhere. It was reported that Roman and Malandina’s divorce settlement was worth more than 5 million Euros.

He currently lives in London, in the United Kingdom.

Roman Abramovich Net Worth

In 2019, Forbes magazine ranked this business magnate as the 150th richest man in the world, and the number one richest person in his country Russia. He was able to breakout from poverty as an orphaned boy, and found his way into several businesses which eventually paid off and gave him his massive fortune.

Hailed as a smart investor, Roman Abramovich net worth of over $12 billion and his involvement in multiple extensive business ventures makes him one of the most powerful and influential businessmen in the world. It is reported within the Russian media that he has donated to Russian charitable institutions more than any other man in history. He has donated millions of his own towards building hospitals, schools, and has also spent billions more for the structural and social welfare of several cities in Russia. This intelligent investor is applauded as a sharp-shooter who never misses out on any opportunity. He is an inspiration to entrepreneurs in his country as well as to all startup owners in the world.