Portal:Energy/Selected biography/8

Roman Arkadyevich Abramovich (born 24 October 1966 in Saratov, Russia) is a Jewish Russian oil billionaire and one of the Russian oligarchs.

Between 1992 and 1995, after Soviet president Mikhail Gorbachev's 'perestroika' economic reforms permitted the opening of small private businesses, Abramovich founded five companies that eventually evolved to specialize in the trading of oil and oil products. With the approved by Boris Yeltsin, in 1995 Roman Abramovich and partner Boris Berezovsky paid $100m for a controlling interest in the major Russian Sibneft oil company, then valued at $150 million. Berezovsky subsequently sold his stake to Abramovich after fleeing to London. In September 2005 Abramovich sold his interest in Sibneft to state energy giant Gazprom for $13 billion.

Despite maintaining that his primary residence is Moscow, in 2006 Abramovich was named as the second-wealthiest person in the United Kingdom. His property investments and other assets were estimated at £10.8 billion. In June 2003, Abramovich became the owner of the companies that control Chelsea Football Club (soccer club). He also became the world's greatest spender on luxury yachts, with four boats in what the media have called the 'Abramovich Navy'.

Although he rarely visits the area, in October 2005 Abramovich was reappointed governor of the impoverished Chukotka Autonomous Okrug in the Russian Far East where he has made significant financial contributions. He was originally elected to the governorship in 1999.