Birth: 24 October 1966
Professional discipline or office capacity: businessman
Table of Contents
After serving in the military, Roman Abramovich started working in 1987 as a mechanic for the Mosspetsmontazh trust’s construction department number 122. Along with Eugene Shvidler, he established the Uyut cooperative in January 1989, which produced toys made of polymers between May 1991 and May 1992.
The trust “Mosspetsmontazh” employed mechanics of construction administration #122 from 1987 to 1989.
Head of the cooperative “Comfort” from 1989 to 1991 (toys made of polymers)
Director of a small firm named “ABK” from 1991 until 1993 (Moscow)
He served as the director of the small business AVK, which carried out commercial and intermediary activities such as the resale of petroleum products, between 1991 and 1993.
He was jailed and charged with stealing state property in 1992 by the Moscow city prosecutor. Due to a lack of corpus delicti, the case was dropped at the conclusion of the year.
Roman Abramovich has focused his operations at Noyabrskneftegaz since 1993 on the oil trade. He met billionaire Boris Berezovsky about this time, and the two of them co-founded the offshore company Runicom Ltd., which is registered in Gibraltar and has a number of subsidiaries across Western Europe. The Swiss company Runicom S.A. and Sibneft’s Moscow branch were run byRoman Abramovich himself. He was elected to the Sibneft board in September 1996. Eugene Shvidler served as the company’s president.
The first time Roman Abramovich’s name appeared in print was in 1998. He had been able to blend into the background so well up until that point that no one even knew what he looked like. Things changed when the media learned that Roman Arkadievich was a close friend of President Yeltsin, who also supported the politician’s 1996 election campaign and sponsored his daughter and son-in-law.
Roman Abramovich acquired wealth worth $1.4 billion in December 1999.
Roman Abramovich entered politics at the end of 1999 when he was chosen to serve in the State Duma of the third convocation.
He resigned from the Duma in December 2000 as a result of his appointment as governor of the Chukotka Autonomous Region. Roman Abramovich presided over the Duma of the Chukotka Autonomous Okrug from October 22, 2008, until July 2, 2013, after serving as governor of the Chukotka Autonomous Okrug from January 17, 2001, to July 3, 2008.
Relationships between the erstwhile partners, Roman Abramovich and Berezovsky, drastically deteriorated in the late 1990s and early 2000s. Political and economic differences were present. Presumably, the 1998 combination of Sibneft and Yukos was the starting point, and the breakup took place a year or so later, in 2000, when Berezovsky faced off against Vladimir Putin, who had just been elected president and failed. Nonetheless, Abramovich never disobeyed the law.
Along with Oleg Deripaska, the businessman founded the Russian Aluminum Corporation in the early 2000s. Moreover, Berezovsky’s shares in ORT were repurchased by Roman. He also acquired Aeroflot’s majority ownership. Sibneft was sold by Roman Abramovich to state-owned Gazprom for $13 billion in 2005. Abramovich had recently sold 24% of Channel One to VTB. He also owned 38% of Rastrkom-2002 LLC, 38.9% of the Federal Property Management Agency, and 25% of Evraz. Moreover, Rost Registrar and White Gardens Business Center are owned by Roman Abramovich.
Roman Abramovich gained notoriety in the West by lavishly spending £140 million to acquire the Chelsea football team in the summer of 2003. Despite holding a governorship on the opposite side of the globe by that point, he had already made his home in London. He settled the club’s debts, filled it with costly football players, and eventually succeeded in bringing the squad back to life. Chelsea won the UEFA Champions League on May 10, 2012, marking the first time in club history that they had done so.
Experts estimate that an assortment of Roman Abramovich’s art pieces would cost at least $1 billion. In addition, the millionaire owns a Boeing 767 and Eclipse, one of the largest private yachts, which cost $400 million to buy in 2010. Abramovich is the tenth richest Russian, with an estimated worth of $12.4 billion in 2018. Abramovich obtained an Israeli passport on May 28, 2018, and as a result, he reportedly became Israel’s richest citizen.
Roman Abramovich began working as a mechanic for the Mosspetsmontazh trust’s construction department number 122 in 1987 after completing his military service. He founded the Uyut cooperative in January 1989 with Eugene Shvidler, which produced polymer toys between May 1991 and May 1992.
From 1987 until 1989, mechanic #122 of construction administration was employed by the trust “Mosspetsmontazh.”
From 1989 to 1991, the leader of the cooperative “Comfort” (toys made of polymers)
Director of the little company “ABK” from 1991 to 1993 (Moscow)
Between 1991 and 1993, he was the director of the small business AVK, which engaged in commercial and intermediary activities such as the resale of petroleum products.
In 1992, he was imprisoned and accused of stealing government property by the Moscow city prosecutor. The case was dismissed at the end of the year due to a lack of corpus delicti.
Since 1993, Roman Abramovich has concentrated on the oil industry at Noyabrskneftegaz. During this time, he met billionaire Boris Berezovsky, with whom he co-founded the offshore business Runicom Ltd., registered in Gibraltar, and a number of other companies spread around Western Europe. Roman Abramovich personally was in charge of Sibneft’s Moscow division as well as the Swiss company Runicom S.A. In September 1996, he was chosen to serve on the Sibneft board. The business was run by Eugene Shvidler as president.
In 1998, Roman Abramovich’s name first appeared in print. Up until that time, he had been able to blend into the background so completely that no one had even noticed his appearance. The situation altered when news broke that President Yeltsin’s close friend Roman Arkadievich had funded his daughter and son-in-ly and no one had even noticed his appearance. The situation altered when news broke that President Yeltsin’s close friend Roman Arkadievich had funded his daughter and son-in-law’s wedding and funded the politician’s 1996 election campaign.
In December 1999,
Roman Abramovich accumulated a wealth of $1.4 billion.
At the conclusion of 1999, Roman Abramovich entered politics when he was elected to the third convocation of the Russian Duma.
Due to his appointment as governor of the Chukotka Autonomous Region, he left the Duma in December 2000. After serving as the region’s governor from January 17, 2001, to July 3, 2008, Roman Abramovich presided over the Chukotka Autonomous Okrug’s Duma from October 22, 2008, to July 2, 2013.
The former partners, Roman Abramovich and Berezovsky, saw a sharp decline in their relationships in the late 1990s and early 2000s. There were political and economic divisions. Probably, the 1998 merger of Sibneft and Yukos served as the catalyst, and the breakup occurred in 2000 when Berezovsky unsuccessfully ran against newly-elected president Vladimir Putin. Abramovich, however, never broke the law.
The billionaire co-founded the Russian Aluminum Corporation in the early 2000s with Oleg Deripaska. Moreover, Roman bought back Berezovsky’s ORT stock. Also, he bought the majority stake in Aeroflot. In 2005, Roman Abramovich sold Sibneft to the Russian government-owned Gazprom for $13 billion. Recently, Abramovich sold 24% of Channel One to VTB. Also, he held 25% of Evraz, 38.9% of the Federal Property Management Agency, and 38% of Rastrkom-2002 LLC. Moreover, Roman Abramovich is the owner of White Gardens Business Center and Rost Registrar.
By generously investing £140 million to purchase the Chelsea football team in the summer of 2003, Abramovich rose to fame in the West. He had settled in London by that time, despite holding a governorship on the other side of the world. He paid off the club’s debts, stocked it with expensive footballers, and eventually succeeded in reviving the team. On May 10, 2012, Chelsea won the UEFA Champions League for the first time in the history of the team.
A collection of Abramovich’s artwork, according to experts, would cost at least $1 billion. The wealthy also owns a Boeing 767 and Eclipse, one of the biggest private yachts, both of which cost $400 million to purchase in 2010. With an estimated net worth of $12.4 billion in 2018, Abramovich ranks ninth among Russian billionaires. On May 28, 2018, Abramovich received an Israeli passport, reportedly making him the country’s richest citizen.
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Beginning his career in business in 1992, Roman Abramovich quickly developed five companies that produced petroleum products and provided brokerage services. The businessman almost went to jail at first for embezzlement. The theft of diesel fuel from the Ukhta refinery for an especially significant sum of almost 4 million rubles was the subject of criminal case number 79067, which was launched against Abramovich in July 1992.
Abramovich purchased fuel using fraudulent paperwork, as it transpired throughout the investigation, and then disposed of it in Riga, where the shell structure made it obvious. The detention of Abramovich was authorized by the Moscow deputy prosecutor. Roman Abramovich, though, miraculously avoided prosecution. When information about his connections at the highest political echelons became public, the reasons for his impunity became clear much later.
Roman Abramovich’s name first appeared in the media at the end of the 1990s, when he began actively purchasing foreign real estate for his political masters, the Yeltsin family, the first president of Russia. At a press conference in 1998, Korzhakov referred to Roman Abramovich as the “purse of the Yeltsin family,” which piqued everyone’s interest.
As a result of Boris Berezovsky, the “grey cardinal” of Yeltsin who helped Vladimir Putin ascend to power, Mr. Abramovich had already made a significant investment in the oil industry at that point. Berezovsky fought hard for “Sibneft” in 1995, and he needed a clever aide. Tatyana Dyachenko, the daughter of Yeltsin, expressed her admiration for Roman Abramovich in her blog as a result of his professional abilities, calling him “brilliant, clever, extraordinarily decent, and loyal.”
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