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Roman Abramovich - the owner of plants, newspapers and steamboats

Wednesday, 12 November 2008

Roman AbramovichRoman Arkadievich Abramovich, having about 20 million dollars of his own fortune and being one of the most prosperous people of the planet, possesses only steamboats from items of material capitalistic wealth mentioned in the title of the article. It's better to say, he owns not exactly steamboats, but 4 yachts, totally costing 304 million English pounds sterling.

However, his way to prosperity and world prominence was not smooth. If you watched the film «Oligarch» (tycoon) with Vladimir Mashkov in the leading role, you certainly remember the scene, where the main character is hardly seven years old. His parents died and he was at risk to get to the asylum. Surely, though the film director added some artistic tragedy and fiction to the situation, it has a straight correspondence to the life of Abramovich. He was born in 1966 in Saratov, his parents died young - mother 1,5 year later after his birth , father died in the accident when Roman was four years old. The boy was brought up by his uncle, who lived in Moscow. Roman studied well, but, unfortunately, not excellent, so he failed to enter some Moscow Universities. Consequently, the future oligarch went to serve in the army, where he spent 2 years, from 1984 to 1986. He served in an auto troop of the artillery regiment situated in Vladimirskaya oblast.

After two years in the army, Abramovich returned to his country, embraced by «perestroika», and joined cooperative movement. Together with his team-mates, the future managers of Sibneft, Abramovich founded a cooperative society, called Uyut (Coziness) for polymeric toys production. However, a career of «toys magnate» didn't not attract Roman Arkadievich. So he soon started mediatory activity in the sphere of deals with petroleum products.

He didn't have luck with plants and newspapers. But he had luck with numerous planes, helicopters, expensive cars, private residences all over the world, the football team, recently having played in the Champion's league, and the Eastern subject of the Russian Federation, for development of which the multi-millionaire and simultaneously the governor invested his own resources. The surname «Abramovich» became for Russia a nominal name, denoting a super prosperous person, so as the surnames of Rockefeller or Gates.

Having started fuel business, Abramovich found his gold mine. At the end of nineties Roman Arkadievich mentioned that he owed to luck and good circumstances his wealth. Indeed, in the epoch of the USSR collapse, when political and economic relations were unstable, when legal base wasn't adjusted to new economical circumstances and law-enforcement system wasn't up to the proper level, energetic and enterprising people got a unique chance to make a multimillion pile. The petrol was a guide to the wealth. This product doesn't need to be tied up; its price is increasing independently. Due to some tricky operations, including loans-for-share in the second part of the nineties, by 1998 -1999 Abramovich has become not only the owner of Sibneft, one of the largest petrol companies, but also the shareholder of such giants as Public Russian Television and AEROFLOT.

To the epoch of capital accumulation belongs one of not decent pages of Abramovich's business biography. In 1992 Moscow Agency of Internal Affairs initiated proceedings against Abramovich, concerning case of stealing of 55 diesel fuel tanks. According to investigation materials, business structure headed by Abramovich, was going to deliver fuel in one of military units, but, consequently, sold it at market prices. However, the proceedings were ceased with a mark «absence of crime in the act». Mysterious developments prompted journalists a supposition that the proceedings, concerning fuel tanks, are so-called governmental mechanism of control over Abramovich. No doubt, nothing will make the situation clear in the near future.

Before 1998 the surname «Abramovich» wasn't familiar to the public, as mass media didn't provide any information about him. Once it was mentioned by Aleksandr Korzhakov, the President's guardian that Abramovich belongs to Yeltsin's nearest circle, so-called «family», and is considered a «family» treasurer, responsible for footing the bills of the presidential nearest and dearest. After this speech, it became clear that Abramovich had acquaintanceship among financial and political elite of the country.

At the end of 1999 Abramovich was elected the deputy from Chukotskiy Autonomous District in the State Duma, and one year later he won the elections for Chukotka's governor. According to some opinion, his inviolability as the deputy and later on as the governor guaranteed him avoidance of any proceeding against him.

It was logical, as soon a danger of proceedings initiation arose, when Accounts Chamber found out that the loans-for-share, which made Abramovich one of the greatest country's petrol magnates, were held not in accordance with procedures, and capitalization of privatized companies wasn't efficient, so, consequently, the state budget didn't receive great sums of money. It is considered, Abramovich just used the possibility to try out management activity but on a country-wide scale. Note that Roman Arkadievich succeeded in life improvement for citizens of Chukotka by at his own expense by making investments into the autonomous area. His achievements resulted in approval of his candidacy for a governor by President Putin.

However, Abramovich gained greater popularity in summer 2003, when he repurchased one of the oldest and the most popular English clubs - London Chelsea.

At that time «noblemen's» condition was not easy, and the former owners eagerly accepted the offer of Russian oligarch Abramovich. He paid out Chelsea's debts, equal to approximately 150 pounds, invested much recourses into development of the club and purchasing of high-class players. Thanks to this, during five years, when Abramovich owned Chelsea, the team won some sub-national prizes and good fame on an international scale.

It should be mentioned that numerous accusations against Abramovich that he spends money for foreign football development without helping native sport have no grounds. Up to this moment Abramovich has been investing the hockey club Avangard (Omsk). Besides, he concluded sponsorship agreements with the football club CSKA. And National Football Academy, existing at the oligarch's expense, realizes children's sport development program. Moreover, before he bought Chelsea, Abramovich had tried to purchase Moscow Torpedo, but the owners of the team were not eager to make a deal.

Here is a brief portrait of Roman Abramovich, a former petrol magnate (SIBNEFT was sold to the government some years ago), the owner of a high-class football club, a multimillionaire, living either in London or in Chukotka. What color the portrait would be colored: black, white or a middle-tone, depends on a spectator.

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