Get more Mail & Guardian
Subscribe or Login

Chelsea owner slips in Russia’s rich rankings

Russian billionaire Roman Abramovich owns nine homes, seven apartments, seven cars and earned £3-billion last year, according to a wealth declaration released as part of his country’s election law.

The owner of London’s Chelsea football club holds stakes in seven companies, including the one that owns the football club he bought in 2003. The declaration is required for those seeking public office. Abramovich is getting ready to run for re-election as a deputy in the far-eastern province of Chukotka.

For the first time Abramovich has slipped from Russia’s top three, according to a rich list released by Finans Magazine. According to the rating, Abramovich is now worth £11-billion and is Russia’s fifth-richest man. Above him are metals magnates Vladimir Lisin (£18,3-billion), Mikhail Prokhorov (£14,7-billion), Alisher Usmanov (£12,9-billion) and Oleg Deripaska (£12,3-billion).

Abramovich declared that he owned nine houses: one in Britain, two in the US, three in France and three in Russia. His UK house is his smallest, at 200m². His largest is a 2 421m² property outside Moscow.

What he lacks in houses in Britain he makes up for in apartments, owning six that range in size from 35m² to 481m². He also owns an apartment in Chukotka. The declaration shows that Abramovich owns five BMWs and Mercedes cars, plus a Volkswagen Golf and a Range Rover.

There is no word on how many yachts and private jets the oligarch keeps — the information is not required by Russia’s election commission — but Abramovich is known to own the world’s largest private yacht, the 164m Eclipse.

“There’s absolutely nothing new in there that hasn’t been disclosed before,” said John Mann, Abramovich’s spokesman. “If anything, perhaps the fact that the Russian properties are listed first will encourage reporters to stop reporting falsely that his principal home is London.” Mann declined to say where the oligarch was at the moment.

Abramovich was governor of the Chukotka region until July 2008 and has held the position of regional deputy since October 2008. Vladimir Putin, the Russian prime minister, has said Abramovich’s wealth should be put to good use as the country prepares to host the 2018 Fifa World Cup.

The Finans Magazine rating showed that Russia’s billionaires have begun to recover from the global financial crisis, listing a record number of dollar billionaires — 114 in 2010 compared with the previous high of 101 in 2007. — Guardian News & Media 2011

Subscribe for R500/year

Thanks for enjoying the Mail & Guardian, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa. Good journalism costs, though, and right from our very first edition we’ve relied on reader subscriptions to protect our independence.

Digital subscribers get access to all of our award-winning journalism, including premium features, as well as exclusive events, newsletters, webinars and the cryptic crossword. Click here to find out how to join them and get a 57% discount in your first year.

Related stories

WELCOME TO YOUR M&G

If you’re reading this, you clearly have great taste

If you haven’t already, you can subscribe to the Mail & Guardian for less than the cost of a cup of coffee a week, and get more great reads.

Already a subscriber? Sign in here

Advertising

Subscribers only

Local elections: Water tops the agenda in Limpopo’s dry villages

People in the Fetakgomo Tubatse local municipality, who have to collect water from Motse River, are backing independent candidates because they’re tired of parties’ election promises

Careers the Zondo state capture inquiry has ended (or not)

From Vincent Smith to Gwede Mantashe, those named and shamed have met with differing fates

More top stories

Covid-19 border closures hit Zimbabwe’s women traders hard

The past 18 months have been tough for women cross-border traders, who saw their income vanish when borders closed

Local elections: Water tops the agenda in Limpopo’s dry villages

People in the Fetakgomo Tubatse local municipality, who have to collect water from Motse River, are backing independent candidates because they’re tired of parties’ election promises

A bigger slice of the pie: Retailers find ways to...

The South African informal economy market is much sought-after, with the big, formal-sector supermarkets all looking to grow their share

Careers the Zondo state capture inquiry has ended (or not)

From Vincent Smith to Gwede Mantashe, those named and shamed have met with differing fates
Advertising

press releases

Loading latest Press Releases…
×