Billionaire Russian Bear - Roman Abramovich

Roman Abramovich feeling the economic pain

Like all of the wealthy, the status of Roman Abramovich's wealth has fluctuated along with the performance of the global economy, and as a result his wealth has decline by several billion.

Don't feel sorry for the Russian bear though, he still is worth about $8 billion or more, so it's not like he's on government assistance.

Roman Abramovich, a Russian Jew, is a fun guy to read about, and quite a character, in contrast to what most people think of entrepreneurs in the West.

He has a somewhat shady history that coincides with the shady history of Russia as Perestroika started moving it toward free markets and entrepreneurship.

Of course it's difficult to separate fact from fiction as some of the losers in his business battles are supplying the information, but he has evidently admitted to doing some things which were unethical in his past business dealing.

Roman Abramovich and girlfriend Daria Zhukova

Rags to riches story

Abramovich is a rags to riches story, as he took an expensive wedding gift from his in-laws and turned into the multi-billion dollar empire he now runs.

He actually started by selling these plastic ducks from an apartment in Moscow, and multiplied that into oil investments, which were the foundation of his huge wealth.

Eventually there was a brutal battle over the aluminium industry in Russia, and when the smoke cleared, Abramovich was sitting at the top of the heap.
 
Estimates are up to 100 people had been murdered or killed during the ensuing gangland-style feuds to control the extremely profitable smelters.

These weren't just the muscle getting hit either, it was the executives and government officials also losing their lives in the battle.

According to some news outlets that assert they've seen the court documents, Abramovich allegedly admitted that he had paid out billions in political favors and protection fees in order to not only gain share in the aluminum industry, but the Russian oil industry as well.

So while he started off selling retail items, his interests and wealth are largely in the commodities markets

Chelsea Football Club

As sports can be the playground of many of the wealthy, that's true of Roman Abramovich.

To scratch that itch, he bought the Chelsea Football Club, which plays in the Premier League, and is based in West London, in a primarily working class area.
 
Abramovich had a goal of making them an international brand, and while that has happened to a small degree, it's not anywhere near where it possibly may end up, but hundreds of millions have been spent so far, and it'll probably take a lot more if that is to ever become a reality. 

Chelsea Football Team

Noveau Riche

What's probably the most interesting and entertaining to watch about Abramovich is his seemingly endless acquisition of big toys, which is definitely a sign of being noveau riche, and wanting people to know it.

Before I get into the really fun stuff, there was one thing he bought his young girlfriend Dasha Zhukova recently, and that was a piece of the moon. This isn't a piece of the moon in the sense of a space rock brought back from a past mission, it's a piece of 100 acres on the moon given to his bride-to-be as an act of contrition to be forgiven for not marrying her because the economic crisis has cost him several billion dollars.
 
Now you'd think about $7 billion would be enough to marry with, but maybe she's a big spender. I don't know.

Big rich boy toys

No talk about Abramovich would be complete without the extravagance of the big toys he buys, including yachts, planes, helicopters and limousines.

As of this writing, Abramovich rides in his own private 767-33A/ER, which he calls the bandit. It is seen quite often parked at Stansted Airport in the UK at the Harrods Aviation facility.

He also has a new private aircraft, an A340-313X, built by Airbus for him.

If that's not enough air power for Abramovich, he also had three Eurocopter helicopters for use on his yachts, airports, and Fyning Hill estate.

Roman Abramovich Yacht 'Eclipse' - Largest private yacht in the world

Limousines

Several years ago Abramovich acquired to Maybach 62 limousines which seem to reflect either paranoia or protection from past shady exploits.

Both of them came with bullet-proof glass, and are also made to be bomb proof. Unconfirmed reports say he paid over a million US for the two.

Sports Cars

Among his sports cars, Abramovich has quite a collection. His prize auto is probably the Ferrari FXX he owns, which was built only for racing. The $2.2 million car is one of only 30 built.

Other four-wheel toys he owns are a modified Porsche Carrera GT, Bugatti Veryron, Maerati MC12 Corsa and a Ferrari 360.

Super Yacht ECLIPSE Abramovich's new boat

Admiral Abramovich and his fleet of yachts

All the above toys are impressive and interesting, but they pale in comparison to the fleet of yachts he owns, reputed to be the largest in the world for a private owner.

While he has several of them, the one I want to talk about is his most recent yacht acquisition named the Eclipse, now the largest yacht in the world.

I can't tie down the actual length, as almost every report I've read has it listed differently. I've seen lengths anywhere from 482 feet long to 575 feet along, and other in between those numbers. In meters it seems the correct length is right around 170 meters long.

Either way, the cost of the floating behemoth is $590 million, and it's equipped with everything.

Included with the yacht are 11 guest rooms, several hot tubs, a disco dance floor, and two swimming pools.

As far as the James Bond stuff, there are two helicopter pads, three launch boats, systems for detecting intruders, bullet-proof glass in the master suite, and a missile defence system.

Lastly, it comes with a mini-submarine which can dive to about 50 meters. That's hard core man.

The yacht was recently seen leaving the Blohm & Voss shipyard in Germany, and is due to be delivered sometime in 2010 after the final touches are added. 

Flamboyant life and accomplishments

Roman Abramovich works hard and plays hard, and he started it all by selling little plastic ducks from his apartment in a country that had just allowed its first entrepreneurs to try their hand at success.

He's had a fascinating and bumpy ride, and typical of the Russian entrepreneur which has emerged in the early years, he has fought hard to not only survive, but also to wildly succeed.

Coming from Russia, this is more impressive than at first glance, because we couldn't understand what it took in a country that until that moment had fiercly opposed capitalism and private enterprise.

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Comments 15 comments

bosoncea constantin florin 6 years ago

From: bosomcea florin

To: bosomcial1978@yahoo.com

Sent: Sat, December 5, 2009 3:29:54 PM

Subject: Fw: foto boso-1

Hello to all.

Florin Constantin Bosoncea name is Mau.

I age of 31 years.

I grew up in an orphanage at birth.

I am mom dad brothers did not.

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I lived in the orphanage where I grew up with all 600 kids without parents.

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and without parents.

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I live in preuna with 110 people from the orphanage without support from the government and people who can help us but because we vror I grew up in orphanages eii believe that we are handicapped patients are not good for anything for the future.

Asea think some people all orphans raised in an orphanage is difficult.

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Bosomcial1978@yahoo.com

Address.

Str.Ecaterina Teodoroiu

nr342

Place Tg-Jiu

Jud-Gorj

Romania

Thank meii the brothers I grew up in orphanages for

Help and support from the heart and soul and we all think we grew up in the orphanage we need help and parental love.

God to all the good words Amen.

We in

the winter we have where we can survive and muncin not have what to eat and we want your help if possible.

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traesti without help from the orphanage you must supravetuiesti without the help of which we had in the orphanage is difficult lam please if you want to see where we live will wait and can TriMet informed about us.

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From Me I born in orphanage and i want to help people from orphanage and poor people from Romania please if you want to help us contat me and I give you o information abaut us.

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Claudiu 6 years ago

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GOD BLESS YOU ALL. CLAUDIU

CCC_CCC_1978@HOTMAIL.COM


Rev. David Seremba Sr 6 years ago

My polite Request to your Company Management- to Sponsor Moses and Eva -University level: It pleasure to know of achievements of your Company.

I pray for its Founders to live longer; I ask your President to consider sponsoring my children: Moses Seremba needs $24,411.00 per Year for 4 Years BA, in Art and Design: Eva Seremba, needs $ 23,157.00 per Year, for 3 Years PhD in Computer Engineering; to San Jose State University contacts: E-mail: frdavid32@yahoo.com at: 4501 Snell Ave Apt 3401, San Jose, CA 95136, USA Tel: 1-408-363-2400. God bless you all.

From: Rev. David Seremba


Rauissa 5 years ago

Dear MR.Roman Abramovich

Dear Ladies and Gentlemen!

Hello!

Please help Arthur.

My son Arthur Akhtyamov is a disabled child, he has cerebral palsy.

He will be 6 years old on October 29, but he has already had a lot to suffer in his short life, and there will be more to come. Arthur was born at 33 weeks, delivery was induced by doctors because they incorrectly timed the pregnancy and then made a Caesarean section at 33 weeks.

Arthur was very sick after birth, on the second day his lungs burst (caused by overpressure, as explained by my child's surgeon) this led to four incidents of pneumothorax (collapsed lung) and two big scars on each side of his chest. He could not breathe by himself and spent 20 days on artificial ventilation, and for 18 days his lungs had to be drained of water and pus. On the day 25 his diaphragm burst, and stomach drifted under the left lung. Arthur had to spend a month in Intensive Care unit, then another month in the surgical department.

So many things he had to suffer... God alone knows. For all is God's will.

It is All treatment became very expensive.The state to the invalid pays to the child 110 USD pensions.

So many tears I shed, and how I survived all those I even do not know. As I write this, my tears keep flowing and flowing...

At the age of 8 months Arthur was diagnosed with cerebral palsy. We started treatment:sabril,riziym, massages, physical therapy, paraffin, and medical baths.

For the last 5 years we spent 348 days away from home, this number speaks volumes.

All these treatments cost large amounts of money. We have to buy expensive foreign-made medicaments: gliatilin, ceraxon, citocalin, cerebromin, etc.

For almost 5 years my husband and I are fighting for our son. My husband is the sole breadwinner.All treatment became very expensive.

I am unable to work, taking care of Arthur. Doctors promise that after a few more rounds of treatment, he will be able to walk long distances by himself!

We were accepted for treatment, but it is very expensive: 4077 USD each round. Travel there also cost money: 1167 USD. We need to undergo 6 rounds a year. ( 4077USD+1370USD)X6 = 32682USD

Website of the clinic:http://www.reha.lviv.ua

Now Arthur can walk with support by one hand (he can crawl properly, sit and stands with support). He can walk 30-40 meters by himself, without any support, also can walk by walls or with other support, but not all by himself. It feels like he needs just a little bit more, but he will not walk without a professional help.

We took out several loans from a bank, now we are in process of repaying.

We live in a village, we are not able to find such a large sum here. But we are so eager to finally see Arthur walking like the rest of the children.

We really need your help.

Help please, your support can change the life of our child.

With hope and respect, Arthur's mother, Akhtyamova RaisaOur account Bank(VISA)

SWIFT code:SABRRUMMEA1

SBERBANK (URALSKY HEAD OFFICE)

BRANCH

EKATERINBURG,RUSSIA

Corr. / account

Deutsehe Bank AG,Frankfurt am Main EUR 10094987261000 DEUTDEFF

Dresdner Bank AG,Frankfurt am Main EUR 499/08122337/00/888 DRESDEFF

SWIFT code: SABRRUMMEA1

Savings bahk of the RUSSIAN FEDERATION

EKATERINBURG office

BRANCH ? 8598/ 00163

Bashkirskoe OSB 8598/0163

Acc 40817978506002665010

Akhtyamova Raisa

EMAIL- rauissa123@yandex.ru


Marin Svadkovski 5 years ago

Dear Mr. Roman Abramovich,

I am Marin Svadkovski, and I am living in Dubai, United Arab Emirates with my husband & daughter *14*.

I came to Dubai from America after my mother died 3 years ago, we opened a business, and were scammed here and lost everything.

We tried living on our last money, and suddenly couldn't much longer. My daughter has lost nearly a year of school since it's not free here, and everybody we knew as 'friends' left us and don't care much longer, as they only cared about us when we had money to invite them for lunch.

We owe money to the place where we rented the business and they are threatening to put us in Jail. If they do that, what will I do with my daughter? Where will she go? I have no family anywhere, we want to go back home, but we can't. People offered us to give us a ticket, but if we take the ticket, where will we go, the streets? We sold our home, and everything we had, even my mother's home in Russia, Moscow. Now we've lost it all, thanks to the lies of this country. They won't let us leave here too until we've payed off everything.

Dear, Please help us, this is no african scam. This is a call for help. I hope you read this letter and make our dream come true. Please don't leave us.

please email me at: cerindoma@gmail.com if you have read this. Thank you,

Marin Svadkovski


Marin Svadkovski 5 years ago

Dear Mr. Roman Abramovich,

I am Marin Svadkovski, and I am living in Dubai, United Arab Emirates with my husband & daughter *14*.

I came to Dubai from America after my mother died 3 years ago, we opened a business, and were scammed here and lost everything.

We tried living on our last money, and suddenly couldn't much longer. My daughter has lost nearly a year of school since it's not free here, and everybody we knew as 'friends' left us and don't care much longer, as they only cared about us when we had money to invite them for lunch.

We owe money to the place where we rented the business and they are threatening to put us in Jail. If they do that, what will I do with my daughter? Where will she go? I have no family anywhere, we want to go back home, but we can't. People offered us to give us a ticket, but if we take the ticket, where will we go, the streets? We sold our home, and everything we had, even my mother's home in Russia, Moscow. Now we've lost it all, thanks to the lies of this country. They won't let us leave here too until we've payed off everything.

Dear, Please help us, this is no african scam. This is a call for help. I hope you read this letter and make our dream come true. Please don't leave us.

please email me at: cerindoma@gmail.com if you have read this. Thank you,

Marin Svadkovski


Roman Abramovich 5 years ago

Sorry people, I can't give you any money as I need it to have my next yacht built. It will be 1000ft long and made from solid gold.

Besides poor people smell funny.

Must go, I'm having a bonfire, got to get rid of the £50 notes some how.

Regards Roman.


Harry Oz 3 years ago

i need help please , alot of suffering here in african Nigeria, no dad mom is a poor farmer , i came to the city to see if i can make it but more harder in the city nobody want to help, please i will so much appericate whatever you can help me with ever if its $50 i will be so happy, to watch chelsea match on dstv is a big problem here and i hate to miss any Chelsea match , my email is osazeharrison@yahoo.com.+23481 55426598 God bless you more as you help

Harry


mich paris 3 years ago

high business man i see roman abramovich as my mentor, cause my investment is gonna be far biger than his, from a nigerian billionare follow on twitter @mich paris and skype


FullOfLoveSites profile image

FullOfLoveSites 3 years ago from United States

Wow, nice! I imagine Abramovich telling his girlfriend, "I will give you the stars and the moon" and it turns out he did.

Nice peek into the lives of the rich people like him :)


DREAM ON profile image

DREAM ON 3 years ago

Abramovich lives in a world where money is no object.Amazing how many good things can be done with all that money.Interesting read.


tsadjatko profile image

tsadjatko 3 years ago from maybe (the guy or girl) next door

Roman Abramovich, a Russian Jew!

Abramovich means "son of Abraham". To "the" Abraham of the Bible God said "...I will bless thee, and make thy name great; and thou shalt be a blessing” (Genesis 12:2)

Coincidence? Well being a Jew (descendant of Abraham) Roman might have to admit it has been a blessing to him.

Or ?

perhaps I wonder where he'd be without perestroika which opened up opportunities for entrepreneurs in the Soviet Union. Within five years, Gorbachev's reforms swept communist governments throughout Eastern Europe from power and ended The Cold War (1945-91)

Doubt he'd be the same Roman Abramovich without perestroika. Creation of the über-rich in Communist Russia came when the communist party leaders, those at the top of the food chain of the "red" government auctioned off many oil companies and state enterprises for fractions of their market value to crony individuals with mob ties and connections in the government. Initial capital of those people usually started in the 80s when some types of business were legalized. Many of these got their start in cooperative restaurant and importing foreign spirits, computers and software in late 80s/early 90s, then started banks etc. eventually creating the country with the highest number of billionaires per capita in less than 20 years.

And so ended another chapter in the failure of communism = result not anybody equal.


suzettenaples profile image

suzettenaples 3 years ago from Taos, NM

Interesting! I hadn't heard of this guy, but all power to him if he can make that much money. But, he is constantly looking over his shoulder as I'm sure he has made enough enemies in making his billions. And, if he was involved in killing anyone or his business deals involved killing someone, he has to live with the threat of revenge from these people. What kind of life is that? Sometimes it is better NOT to be the richest man in the world or his nation. A simple life sometimes keeps one alive. LOL Thanks for an interesting and informative hub!


Rickrideshorses profile image

Rickrideshorses 2 years ago from England

There are different stories about how Abramovich got started. Some say he sold deodorant, perfume and toothpaste that had been previously banned under Communism, others supplementing his income by selling designer clothes while he studied, one account says he ran a market stall then doll factory, (he's very loyal and one woman he worked on the market with is now his office manager and has been kept close by him) and others say rubber ducks. Either way, he's done pretty well for himself! This is my review of the only biography written on Abramovich... http://hubpages.com/literature/Abramovich-The-Bill...


BelllaU 18 months ago

Od jutra zaczynam odchudzanie, kto sie odchudza ze mną? Nie będzie łatwo ale trzeba się wziąć za siebie. Mam już dobry plan na odchudzanie, wszyscy którzy są chętni proponuje zacząć od wipisania w google - xxally radzi jak szybko schudnąć

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