⬅ # 299 Piero Ferrari|# 301 Iskander Makhmudov

# 300 Roman Abramovich 

$8.59B

Real Time Net Worth
as of 4/16/2024
-$28.4M (-0.33%)

# 300 Roman Abramovich 

$8.59B

Real Time Net Worth
as of 4/16/2024
-$28.4M (-0.33%)
OccupationFounder, Millhouse Capital
Source of WealthSteel, Investments
Age57
ResidenceMoscow, Russia
Marital StatusMarried
Children7
EducationMaster, Moscow State Law Academy
Age-Adjusted Net Worth$10.5B
Roman Abramovich
Roman Abramovich
Russia
Net worth: $8.59B

Self-Made Score 

Wealth History

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Biography

Overview

Roman Abramovich is a billionaire with stakes in Russian steel giant Evraz and nickel producer Norilsk Nickel.
He was sanctioned by the U.K., EU, Canada, Australia, and Switzerland.
Abramovich sold a 73% stake in Russian oil firm Sibneft to Gazprom for $13 billion in 2005.
He spent over $1 billion in Russia's Far East Chukotka region during his tenure as governor from 2000 to 2008, reportedly at Putin's behest.
After his British investor visa expired in 2018, he obtained Israeli and Portuguese citizenship.
Abramovich acted as a mediator between Kyiv and Moscow during the war and facilitated the return of hundreds of war prisoners, including 10 foreigners.

Properties

In 2009, Abramovich acquired 16 Kensington Palace Gardens in London, a 15-bedroom mansion, for £90 million.
He purchased four Upper East Side townhouses in Manhattan, New York City, for $74 million. These townhouses are being combined into a megamansion estimated to cost an additional $100 million for renovation.
Abramovich is known for his lavish spending on luxury yachts, maintaining a fleet dubbed 'Abramovich's Navy.'
His current yacht, Eclipse, measures 162.5 meters and was estimated to cost around $400 million. It features extensive amenities including swimming pools, a cinema, helicopter landing pads, and a submarine.
Abramovich has also been linked to the yacht Garçon, moored in Antigua.

Yachts

Abramovich's fleet of luxury yachts includes Eclipse, known for its opulence and extensive features, such as multiple swimming pools, a cinema, helicopter landing pads, and a submarine.
He has also been associated with the yacht Garçon, located in Antigua.

Aircraft

Abramovich owns a private Boeing 767-33A/ER, registered in Aruba as P4-MES, known as The Bandit.
The aircraft features luxurious amenities such as a 30-seat dining room, a boardroom, master bedrooms, luxury bathrooms, and a spacious living room. It also boasts advanced security systems.

Other Interests and Activities

Abramovich has a notable presence in the art world, having sponsored exhibitions and made significant art purchases, including works by Francis Bacon and Lucian Freud.
His former wife, Dasha Zhukova, manages the Garage Center for Contemporary Culture in Moscow, partially restored with Abramovich's sponsorship.

How long would it take you to become as rich as Roman Abramovich?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Roman Abramovich's net worth of $8.59B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Roman Abramovich is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Roman Abramovich, Steel and Investments are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey