Governor of Chukotka; owner, Millhouse Capital
Abramovich is cashing in on billions of dollars of his Russian assets, selling his majority stake of oil company Sibneft; 25 percent of his shares in Russian Aluminum; his 26 percent stake in Russian airline Aeroflot; and reportedly all of his shares in leading sausage producer Omsk Bacon.
Chelsea (U.K.) football club
Exiled tycoon Berezovsky brought Abramovich into the Kremlin's inner circle. Once in, Abramovich first befriended Yeltsin's daughter, Tatyana, then the former president himself. Yeltsin's former security chief, who wrote a behind-the-scenes account of the Kremlin, claimed Abramovich was considered "the cashier" of the Yeltsin circle. Tatyana and her husband were frequent guests at Abramovich's dacha. These days Abramovich is said to have close ties to President Vladimir Putin's chief of staff, Alexander Voloshin.
This year, Abramovich purchased Britain's leading football club, Chelsea, in a deal exceeding $300 million.
The billionaire recently added to his portfolio of property a six-story house in London's Eaton Square, part of the estate of the Duke of Westminster, said to be worth more than $46 million. He also owns homes in West Sussex, Moscow and St. Tropez on the French Riviera. Abramovich's custom-made 300-foot yacht, Le Grand Bleu, worth $90 million, features a helicopter and two hovercraft launches. The yacht's christening in Rio de Janeiro was attended by many of Abramovich's friends. Its home port is in Bermuda.
Sergei Stepashin, head of the Russian parliament's Accounting
Chamber and a close ally of Putin, claimed in July 2003
interviews with Russian media that Abramovich used a tax
loophole to enable his oil company, Sibneft, to avoid
paying taxes in 2001, and used the money to buy the Chelsea
In 2001, according to nonprofit East-West Institute,
Russia's tax police opened an investigation against Sibneft
concerning allegations that the company failed to pay
about $450 million in taxes; the cased was closed without