Roman Abramovich Net Worth and Business Profile
Roman Abramovich is a Russian-born Israeli-British businessman with an estimated net worth around 13.7 billion dollars as of the latest Forbes real-time billionaire rankings. He built his fortune through oil, aluminum, and investments, with his wealth tied to major industrial and financial assets. His business career began in the 1990s during Russia's privatization era, when he acquired state-owned oil and aluminum assets at low prices. Abramovich later consolidated his holdings through the Millhouse LLC investment vehicle, which manages his portfolio of industrial, media, and real estate interests. He is also known for his long-term ownership of Chelsea Football Club, which he purchased in 2003 and sold in 2022 due to UK government sanctions. His current business focus includes investments in technology, agriculture, and infrastructure through Millhouse and affiliated entities. Forbes profile
Abramovich's wealth has fluctuated significantly due to sanctions, asset freezes, and the sale of Chelsea. The UK government imposed sanctions on him in 2022 following Russia's invasion of Ukraine, freezing his UK assets and requiring Chelsea to operate under strict conditions. Despite these restrictions, Abramovich remains one of the wealthiest individuals in the Russian-speaking business world. His net worth is primarily derived from stakes in Sibneft, now part of Gazprom Neft, and investments in Evraz, a major steel and mining company. Millhouse LLC, his private investment firm, continues to manage his non-Russian assets and strategic holdings. Abramovich's business empire spans energy, metals, real estate, and sports, making him one of the most diversified oligarchs in the post-Soviet space.
Key Roman Abramovich Companies and Investments
Energy and Industrial Holdings
Abramovich's most significant business involvement has been in the energy sector through Sibneft, which he co-controlled before its sale to Gazprom in 2005. The deal valued Sibneft at over 13 billion dollars, marking one of the largest privatization transactions in Russian history. He later retained a stake in Gazprom Neft, the successor company, which remains one of Russia's largest oil producers. Beyond oil, Abramovich holds substantial interests in Evraz, a vertically integrated steel and mining company listed on the London Stock Exchange. Evraz operates mines, steel plants, and distribution networks across Russia, Ukraine, Kazakhstan, and the United States. His investment in RUSAL, once the world's largest aluminum company, further diversified his industrial portfolio before its merger with SUAL and Glencore in 2007. SEC filings
Millhouse LLC, Abramovich's private investment vehicle, manages his non-Russian assets and strategic investments. The firm has stakes in technology startups, agricultural businesses, and real estate projects in Europe and the United States. Abramovich has also invested in oil and gas exploration through various offshore entities and joint ventures. His business strategy often involves acquiring undervalued state assets, restructuring them, and selling or listing them at a profit. This approach defined his career in the 1990s and early 2000s and continues to influence his investment decisions today. Millhouse's portfolio is managed with a focus on long-term value preservation rather than rapid expansion.
Sanctions, Chelsea Sale, and Current Business Status
UK Sanctions and Chelsea Sale
The UK government sanctioned Roman Abramovich in March 2022 under the Special Economic Measures (Russia) Regulations. The sanctions froze his UK assets, including his interest in Chelsea, and prohibited UK persons from dealing with him. Chelsea was subsequently sold in May 2022 to a