Roman Abramovich biography

A lot of money, a lot of power, many interests October 24, 1966

Who is Roman Abramovich?


Roman Abramovich was born in Saratov, Russia (800 km from Moscow) on October 24, 1966. Loses his mother when he's only 18 months; then the father, also killed in an orphan work site when he was four years old. Roman grows so in the oil region of Komi father's uncle, brother; later his education will be entrusted to a second uncle, in Moscow.

He attended the technical school in the city of Ukhta before he joined Soviet army.

In the late 1980s, at a time when President Gorbachev launches a process called "perestroika" (reconstruction) reforms which would allow the creation of small private businesses, Abramovich gives life to his entrepreneurial activities. It's the privatization of industrial and manufacturing systems of the former Soviet Union that will make the economic fortune of companies of Roman Abramovich.

His debut in the world of work begins with Runicom, a company specializing in the sale of oil. In 1992, at 25, is already being investigated along with other for the disappearance of 55 crude tankers bound for a buyer in Moscow and mysteriously hijacked in Lithuania before dissolving into thin air. Between 1992 and 1995 he founded five different import/export companies specializing more and more in the trade of petroleum and petroleum products.

In the mid-1990s became a lifelong friend of Tatyana, favorite daughter of Boris Yeltsin, and Boris Berezovsky, King of Russian oligarchs, energetic, ruthless and skillful architect of Yeltsin's second win. Together with Boris Berezovsky in 1995 acquires controlling stake in Sibneft, the Russian oil giant. For this operation the two Russian entrepreneurs would have spent a total of several tens of millions of dollars, obtaining borrowed about 100 million in return for some shares. Within a short time the company increases so huge its value, allowing the two tycoons to become rich.

While Berezovsky--and with him the other media mogul Vladimir Gusinsky-have to leave the country following pressure by the Government for having openly defied the policies of President Putin, Roman Abramovich succeeds in inventing a new character, reinforced by the choice of self-exile. The new lifestyle doesn't stop him from buying-by Boris Berezovsky, almost in disgrace-the 49% stake in ORT, tv network that the old friend of Yeltsin had used against Vladimir Putin. Thanks to Abramovich tv back then in the hands of State power.

During the 1990s, through its holding company Millhouse Capital and its partner Eugene Shvidler, buy a substantial share of the national airline Aeroflot; Enter then as shareholder in Trans World Group, a company that merged with Oleg Deripaska, Rusal, creates colossus in the aluminum industry.

In 2002 Abramovich sells his share of Sibneft to Gazprom for 13 billion and its share of Rusal to Deripaska to 2 billion by reinvesting all the profit in Evraz Group, one of the leading world companies in steel processing.

The u.s. magazine Forbes in 2006 indicates Roman Abramovich as the 11th richest person in the world, with a capital of about 18.2 billion dollars: the other names on the list are people with at least 10 years older than him.

In 2007 divorced his wife Irina, with whom he had five children; the divorce was likely to go down in history as the most expensive ever but in the end, the paths followed by the magnate's lawyers, have meant that the cost was limited to 300 million dollars.

Since 2003 the London football club Chelsea F.C. 's owner; often in this sphere did speak the digits, expenses for the movement of players in the European football market. Known are his contributions to Jewish communities in Israel, as well as in the rest of the world, specifically these contributions that reflect his roots.

Abramovich is also owner of Pelorus, considered one of the most luxurious yachts in the world, built by the German company Lürssen in 2003 (estimated cost of 100 million). Among the various gadgets that make this yacht, there is a submarine with shelter inside the hull. In 2007 ends the construction of the world's largest yacht Eclipse (167.60 measurement meters) from the estimated value of 300 million dollars.

Roman Abramovich's political career began in 1999, when he was elected Deputy to the State Duma of the third degree in the territory constituent of Chukotka, without joining any parliamentary group. The Chukotka area is ice cold, dirt poor, opposite Alaska. In 2000 he became a member of the Duma Committee for Northern and far eastern regions. In December of that year becomes (elected with 92% of the vote) Governor of Chukotka. This autonomous region was formally founded in 1930 by the Soviets, who were to exploit the coal deposits, oil and gold by attracting labour from other republics of the USSR with promises of handsome profits, free holidays in Crimea and early retirement. The prospects of that time are then shipwrecked together with the Ussr. Over the past ten years, the population has more than halved.

In 2000 the region had just over 70 thousand inhabitants; before the advent of Abramovich barely survived, often without electricity, gas, heating and health care. In Moscow, some argue that Abramovich has made this move in order to exploit the rich mineral undisturbed. Others advance the hypothesis that Abramovich wants to use the region as a profitable storage for nuclear waste. The explanation given of the oligarch Abramovich at that time remains enigmatic: "my interest in Chukotka is neither financially nor philanthropic. Of course I have my reasons to live here, away from my wife and my children who continue to stay in Moscow. I do it simply because I like it. Altruism has nothing. "

Before being elected he had personally paid 30 million dollars to finance "Pole of Hope", a foundation which still grants 8 thousand children in region dental care and beach holidays. Once the Governor announced the region's budget, declaring that a third demand was covered by fees (35 million dollars) while almost all of the remaining two-thirds was given directly from his pockets.

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