Part 2 of 2
CSKA MoscowIn March 2004, Sibneft agreed to a three-year sponsorship deal worth €41.3 million (US$58 million) with the Russian team CSKA Moscow. Although the company explained that the decision was made at management level, some viewed the deal as an attempt by Abramovich to counter accusations of being "unpatriotic" which were made at the time of the Chelsea purchase. UEFA rules prevent one person owning more than one team participating in UEFA competitions, so Abramovich has no equity interest in CSKA. A lawyer, Alexandre Garese, is one of his partners in CSKA.
Following an investigation, Abramovich was cleared by UEFA of having a conflict of interest.[81] Nevertheless, he was named "most influential person in Russian football" in the Russian magazine Pro Sport at the end of June 2004.
In May 2005, CSKA won the UEFA Cup, becoming the first Russian club ever to win a major European football competition. In October 2005, however, Abramovich sold his interest in Sibneft and the company's new owner Gazprom, which sponsors Zenit Saint Petersburg, cancelled the sponsorship deal.[82]
Russian national teamAbramovich at the 2006 FIFA World Cup in GermanyAbramovich also played a large role in bringing Guus Hiddink to Russia to coach the Russia national football team.[83] Piet de Visser, a former head scout of Hiddink's club PSV Eindhoven and now a personal assistant to Abramovich at Chelsea, recommended Hiddink to the Chelsea owner.[84]
National Academy of FootballIn addition to his involvement in professional football,
Abramovich sponsors a foundation in Russia called the National Academy of Football. The organization sponsors youth sports programs throughout the country and has constructed more than fifty football pitches in various cities and towns. It also funds training programs for coaches, prints instruction materials, renovates sports facilities and takes top coaches and students on trips to visit professional football clubs in England, the Netherlands and Spain. In 2006 the Academy of Football took over the administration of the Konoplyov football academy at Primorsky, near Togliatti, Samara Oblast, where over 1,000 youths are in residence, following the death at 38 of its founder, Yuri Konoplev.[85]
WealthAccording to Forbes, as of March 2016, Abramovich had a net worth of US$7.6 billion, ranking him as the 151th richest person in the world.[86] In March 2017, Bloomberg estimated his wealth as US$10.4 billion.[87] Prior to the 2008 financial crisis, he was considered to be the second richest person living within the United Kingdom.[88] Early in 2009, The Times estimated that due to the global economic crisis he had lost £3 billion from his £11.7 billion wealth.[89]Wealth rankingsYear The Sunday Times
Rich List Forbes
The World's Billionaires
Rank Net worth (GB£) Rank Net worth (US$)
2010[90][91] 2 Steady ₤7.40 billion Increase $11.2 billion Increase
2011[92][91] 3 Decrease ₤10.30 billion Increase 53 Increase $13.4 billion Increase
2012[93][94] 3 Steady ₤9.50 billion Decrease 68 Decrease $12.1 billion Decrease
2013[95][96] 5 Decrease ₤9.30 billion Decrease 107 Decrease $10.3 billion Decrease
2014[97] 9 Decrease ₤8.42 billion Decrease 137 Decrease
2015[98][99] 10 Decrease ₤7.29 billion Decrease 137 Steady $9.10 billion Decrease
2016[100][86] 13 Decrease ₤6.40 billion Decrease 151 Decrease $7.60 billion Decrease
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year
Charitable donationsAbramovich reportedly donated more money to charity than any other living Russian.[4] Between 2009 and 2013, Abramovich donated more than US$2.5 billion to build schools, hospitals and infrastructure in Chukotka. In addition, Evraz Plc (EVR), the steelmaker partly owned by Abramovich, donated US$164 million for social projects between 2010 through 2012, an amount that is excluded in Abramovich’s US$310 million donations during this period.[4]
Abramovich has reportedly spent approximately GB£1.5 bn on the Pole of Hope, his charity set up to help those in the Arctic region of Chukotka, where he was governor.[101]
Other interests and activities
ArtStatue of Roman Abramovich in a mall in Eilat, Israel.Roman Abramovich sponsored an exhibition of photographs of Uzbekistan by renowned Soviet photographer Max Penson (1893–1959) which opened on 29 November 2006 at the Gilbert Collection at Somerset House in London. He previously funded the exhibition "Quiet Resistance: Russian Pictorial Photography 1900s–1930s" at the same gallery in 2005.[102] Both exhibits were organized by the Moscow House of Photography.[103]
In May 2008, Abramovich emerged as a major buyer in the international art auction market.
He purchased Francis Bacon's Triptych 1976 for €61.4 million (US$86.3 million) (a record price for a post-war work of art) ...
and Lucian Freud's Benefits Supervisor Sleeping for €23.9 million (US$33.6 million) (a record price for a work by a living artist).[104]His partner Dasha Zhukova is managing a Garage Center for Contemporary Culture - gallery of contemporary art in Moscow that was initially housed in the historical Bakhmetevsky Bus Garage building by Konstantin Melnikov. The building, neglected for decades and partially taken apart by previous tenants, was restored in 2007–2008 and reopened to the public in September 2008. Speed and expense of restoration is credited to sponsorship by Abramovich.[105]
YachtsAbramovich has become the world's greatest spender on luxury yachts, and always maintains a fleet of yachts which the media have called "Abramovich's Navy":[106]
Current boats:• Eclipse 162.5 metres (533 ft) – Built in Germany by Blohm + Voss, she was launched in September 2009.[107]Abramovich was due to take delivery of the yacht in December 2009,[108] but was delayed for almost a year after extensive sea trials. The yacht's interior and exterior were designed by Terence Disdale. Eclipse is believed to have cost Abramovich around US$400 million, and was, when delivered, the world's largest privately owned yacht, having been eclipsed in 2013 by the 180 metres (590 ft) Azzam. The specification includes at least two swimming pools, a cinema, two helicopter landing-pads, several on-board tenders and a submarine that can be launched and dive to a depth of 160 ft. She is also equipped with armour plating surrounding the bridge and Abramovich’s master suite, as well as bullet proof windows.[109]
The world's second largest expedition yacht, Luna, seen docked in San Diego, January 2013. Sold to Farkhad Akhmedov in April 2014 for $360m USD.• Titan:Measures 262ft in length and he has owned it since 2010.
Former boats:
• Pelorus 115 metres (377 ft) – Built in 2003 by Lurssen for Sheikh Abdul Mohsen Abdulmalik Al-Sheikh, owner of M/Y Coral Island (renamed Coral Ocean) and M/Y Sussurro, who received six offers to sell her before she was even completed. In 2004 the Sheikh accepted the highest bid, which was Abramovich's. The interior was designed by Terence Disdale. The exterior was designed by Tim Heywood. Pelorus was refitted by Blohm + Voss in 2005 adding a new forward helipad and zero speed stabilizers. Given to Irina in 2009 as part of the divorce settlement, she was approached on David Geffen's behalf by broker Merle Wood, with Geffen paying US$300 million to take ownership in 2011.[110]
• Sussurro 49.5 metres (162 ft) – Built by Feadship in 1998 for Sheikh Abdul Mohsen Abdulmalik Al-Sheikh.
• Ecstasea 85 metres (279 ft) – Largest Feadship built at launch in 2004 and delivered to Abramovich. She has a gas turbine alongside the conventional diesels which gives her high cruising speed. Abramovich sold the boat to the Al Nayhan family in 2009.[111]
• Le Grand Bleu 112 metres (367 ft) – Formerly owned by John McCaw, Abramovich bought the expedition yacht in 2002 and had her completely refitted by Blohm + Voss, including a 16 ft (4.9 m) swim platform and sports dock. He presented her as a gift to his associate and friend Eugene Shvidler in June 2006.
• Luna 115 metres (377 ft) – Built by Lloyd Werft and delivered to Roman Abramovich in 2009 as an upgraded replacement for his Le Grand Bleu expedition yacht.[112] Sold to close friend, Azerbaijani born self-made billionaire Farkhad Akhmedov in April 2014 for $360m USD. Boasts a 1 million litre fuel tank, 7 engines outputting 15,000 hp propelling Luna to a maximum speed of 25 knots, 8 tenders, 15 cm ice-class steel hull and 10 VIP Cabins.
Aircraft Roman Abramovich's Boeing 767, The Bandit, landing at Ben Gurion Airport, IsraelHe owns a private Boeing 767-33A/ER, registered in Aruba as P4-MES. It is known as The Bandit[113] due to its livery. Originally the aircraft was ordered by Hawaiian Airlines but the order was cancelled and Abramovich bought it from Boeing and refitted it to his own requirements by Andrew Winch, who designed the interior and exterior. The aircraft was estimated in 2016 to cost US$74 million and its interior is reported to include a 30-seat dining room, a boardroom, master bedrooms, luxury bathrooms with showers, and a spacious living room. The aircraft has the same air missile avoidance system as the Air Force One.[113] Abramovich also owns a Gulfstream 650 with registration LX-GVI and a Dassault Falcon 7X with registration LX-MES named as "Mini Bandit".
New Year's Eve celebrationsIn 2009, Abramovich had Beyoncé, Gwen Stefani and Prince sing at his New Year’s Eve event at his estate on the Caribbean island of St Bart's.[114] In 2011, Abramovich hired the Red Hot Chili Peppers to perform for a reported £5m.[115] The performance by Red Hot Chili Peppers included a special appearance from Toots Hibbert of Toots and the Maytals.[115] Abramovich reportedly spent £5 million on a total of 300 guests,[115] including George Lucas, Martha Stewart, Marc Jacobs and Jimmy Buffett.[116] In 2014, Abramovich hired British singer Robbie Williams to headline a New Year's dinner for President Putin's "inner circle". The party took place in Moscow and appears to have been the inspiration for Williams' song "Party Like a Russian".[117][118]
Israeli citizenshipAs of May 2018, USSR-born billionaire businessman Abramovich is finalizing the paperwork to grant him Israeli citizenship. He is eligible to do so on account of his Jewish heritage.[119]
Abramovich owns the Varsano boutique hotel in Tel Aviv's Neve Tzedek neighborhood, which he bought for 100 million NIS in 2015 and is converting it into his Israeli home. He bought the hotel from Gal Gadot's husband Yaron Varsano and Varsano's brother Guy.[120]
Abramovich has also invested in more than a dozen Israeli startups including rapid-battery charger technology developer Storedot.[120] In 2018, he donated 70 million NIS for the Sheba Hospital in Tel HaShomer, for nuclear medicine research.[121]
See also• List of Russian billionaires
• Russian oligarchs
• List of Jews born in the Russian Empire and the Soviet Union
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119.
https://forward.com/fast-forward/401818 ... e-israeli/120.
http://www.globes.co.il/en/article-roma ... 1001237953121.
https://www.thejc.com/news/uk-news/chel ... h-1.459985Bibliography• Midgley, Dominic; Hutchins, Chris (3 May 2005). Abramovich: The Billionaire from Nowhere. Harper Collins Willow. ISBN 978-0-00-718984-7.
• Hoffman, David (4 December 2003). The Oligarchs: Wealth and Power in the New Russia. Public Affairs. ISBN 978-1-58648-202-2.
• Bennetts, Marc (15 May 2008). Football Dynamo – Modern Russia and the People's Game. Virgin Books. ISBN 978-0-7535-1319-4.
• Stenning, Paul (31 October 2010). Waste of Money: Overspending in Football. Pitch Publishing. ISBN 978-1905411931.
External links• Summarized biography – Roman Abramovich: Not Your Everyday Owner
• Pravda: Chelsea's owner Roman Abramovich tops Russia's richest men list
• Forbes: Roman Abramovich
• Roman-Abramovich.com
• BBC Profile: Roman Abramovich (31 August 2012)