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How tycoon Roman Abramovich blows his millions: mega yachts, fast cars and private jets

STORYBusiness Insider
In 2008, Roman Abramovich’s net worth peaked at a reported US$23.5 billion. Photo: Reuters
In 2008, Roman Abramovich’s net worth peaked at a reported US$23.5 billion. Photo: Reuters
Luxury CEOs

Extravagance is the key when it comes to the Russian billionaire’s spending habits – and it doesn’t stop at ultra-luxe means of transport

Russian billionaire Roman Abramovich, owner of the United Kingdom’s Chelsea soccer team, is known for his mind-boggling collection of super yachts, luxury cars, customised planes, and lavish homes around the world.

The Wall Street Journal once nicknamed his global collection of extravagant possessions “The Roman Empire”.

Once the richest man in Russia, Abramovich has amassed a vast personal fortune. The 51-year-old is the largest shareholder of Evraz, Russia’s second-biggest steelmaker, and also owns stakes in the world’s largest producer of refined nickel, according to Bloomberg.

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In 2008, Abramovich’s wealth peaked at US$23.5 billion, Forbes reported. Today, estimates of his net worth vary greatly, from US$11.6 billion to US$14.1 billion.

Here’s how Abramovich spends his billions.

Russian billionaire and Chelsea owner Roman Abramovich, centre, applauds as his soccer team, Chelsea Football Club, lifts the English Premier League trophy after defeating Sunderland at Stamford Bridge stadium, London. Photo: AP
Russian billionaire and Chelsea owner Roman Abramovich, centre, applauds as his soccer team, Chelsea Football Club, lifts the English Premier League trophy after defeating Sunderland at Stamford Bridge stadium, London. Photo: AP

The tycoon joined the big leagues in Britain after he acquired Chelsea Football Club in 2003 from long-time chairman Ken Bates for US$233 million.

Abramovich is said to be “a keen follower of sport and international football”, a statement said at the time, and is often seen cheering on the team at many of their matches.

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