Businesspersons

Roman Abramovich Net Worth

Published

9 months ago

July 15, 2023

Daniel Wanburg

Roman Abramovich's Net Worth as of 2024
$12.8 Billion

Roman Arkadyevich Abramovich was born on 24 October 1966 in Saratov, Russia in the then Soviet Union, into a Jewish family, and is a well known personality in Russia and around the world as a businessman and investor. Also, Abramovich has added to his net worth while being active in Russian politics.

So just how rich is Roman Abramovich? Forbes magazine estimates that Roman’s net worth is over $9 billion, which ranks him as the 12th richest person in Russia, and in the 150 richest people worldwide.

Roman Abramovich Net Worth $9.2 Billion

Roman Abramovich’s mother died when he was only one year old, his father passed away when Roman was 2.5 years old, so Roman was raised by his relatives in Uchta. He attended the Gubkin Institute of Oil and Gas, before spending a brief period in the Russian Army, where he managed to buy things cheaply and sell them at a higher price – whether this business was legal or not is indeterminate. When Roman Abramovich was demobilized, Mikhail Gorbachev began the restructuring commonly known as ‘perestroika’ which was the beginning of public. political and economic change throughout the Soviet Union. Previously, private businesses were prohibited, but during ‘perestroika’ the rapid establishment of private companies began. When engaging in private business was allowed, Abramovich founded puppet Production Company Ujut meaning ‘comfort’. Later, Abramovich founded and closed more than 20 companies, from selling tyres to security staff recruitment. These early attempts helped Roman not only to increase his net worth, but also to find a place in a free market, and gave him invaluable experience.

Subsequently, Abramovich became involved in the oil business, and became one of the board members of Sibneft Company, in the corrupt transactions of the ‘loans-for-shares’ period, later admitting that he and Berezhovsky had paid large bribes, Sibneft became one of the five biggest oil companies worldwide. Needless to say, this made a huge impact on Roman Abramovich’s net worth. However, later the company was sold to Gazprom, and Abramovich threw himself into politics.

Roman had close relationships with both Boris Yeltsin and Vladimir Putin. In 1999, he won elections and became the representative for the Chukotka Autonomous Okrug in the State Duma. He has also worked as the governor of Chukotka. For his contribution to Russian politics, he was awarded with the ‘Order of Honour’. In short, political friendship and sponsorship have apparently done no harm to Roman Abramovich, and indeed have very possibly been the catalyst for the growth of his net worth.

In 2003, Roman Abramovich purchased English Premier League Football Club Chelsea, this way increasing his popularity internationally and adding to Abramovich’s net worth. Roman has also sponsored CSKA Moscow football club, and the National Academy of Football.

However, in addition to the foregoing, he is the most generous philanthropist in the whole of Russia, as he has donated huge amounts of money for schools and hospitals. Abramovich was titled the Person of the Year by Russian magazine Expert in 2003. Then, as he is a very wealthy man, he also likes spending his money on yachts, paintings, cars, jets and real estate.

In his personal life, Roman Abramovich currently,lives in his luxurious house located in Lowndes Square in London. Roman Abramovich was married twice. He married his first wife Olga Yurevna Lysova in 1987, the couple divorced in 1990. The second marriage with Irina Vyacheslavovna Malandina began in 1991 and ended in 2007; they have five children. He is now in a relationship with Dasha Zhukova, and they have two children.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Actors

Jeff Beitzel Net Worth

Published

4 weeks ago

March 21, 2024

Daniel Wanburg

Jeff Beitzel was born in the United States of America, and was a businessman and reality television personality, best known for establishing several successful automotive companies such as Quantum Fuel Systems, of which he was the COO, and also for starring in the reality show “The Real Housewives of Orange County”. All of his efforts helped put his net worth to where it was prior to his passing.

How rich was Jeff Beitzel? As of early-2017, sources inform us of a net worth that was at $3 million, mostly earned through the success of his numerous companies. He helped create and expand several automotive businesses, serving in high positions in them. He reportedly earned a salary of $725,000, but all of his achievements ensured the position of his wealth.

Jeff Beitzel Net Worth $3 million

Jeff attended Lehigh University, and would graduate with a degree in mechanical engineering. After his studies, he started working at the Ford Motor Company, and after gaining a lot of experience, he began establishing his own automotive businesses, which included Quantum Fuel Systems Technology; the company focuses on fuel storage, fuel efficiency, and natural forms of fuel. Beitzel eventually rose up to become the COO of the company in 2005. Other groups he worked for include Tecstar Automotive Group (formerly Starcraft Corp.) and Powertrain Integration. He served as the Co-Chief Executive Officer of Tecstar and was the president of Tecstar subsidiaries, as well as the President of Powertrain Integration. Quantum Fuel Systems eventually merged with Tecstar, but Powertrain Integration on the other hand focuses on powertrain solutions including highway systems, alternative fuels, and other services. Thanks to all of these endeavors, his net worth continued to increase.

Jeff eventually became engaged to reality television star and businesswoman Gretchen Rossi. Since then, he started appearing in the hit reality TV show “The Real Housewives of Orange County”, which helped somewhat in increasing his net worth further. The show started in 2006 airing on Bravo TV, its premise being to show the professional and personal lives of several women residing in Orange County. Rossi started appearing in the show during the fourth season, and Jeff started getting featured on the show when they became engaged. The show also featured his battle with leukemia.

For his personal life, it is known that Jeff was married five times before becoming engaged to Rossi; he passed away in 2008 from leukemia. After his death, his ex-wife and three children started challenging Rossi in the press, claiming the Beitzel never really intended to marry her. The issue was also brought out because it was reported that Jeff left Gretchen several million dollars in his estate. Despite this, Rossi has shrugged off most of the statements against her and even dedicated a social media post to Jeff during the anniversary of his death. She’s also reported to have spent time with his kids, even amidst rumors of infidelity during their relationship. One of Jeff’s children has commented that all the publicity didn’t really matter, because in the end his father loved Rossi.

Billionaires

Gautam Adani Net Worth

Published

4 weeks ago

March 20, 2024

Daniel Wanburg

Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.

How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.

Gautam Adani Net Worth $8.8 Billion

To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.

Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.

The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.

In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.

Finally, in the personal life of Gautam, he is married to Priti and they have two children.