Roman Abramovich Biography: Success Story of Millhouse LLC CEO

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roman abramovich

In this success post, we are going to share the story of Roman Abramovich, a Russian businessman, politician, and investor. Who happens to be one of the richest men across the globe.

He is widely regarded as a self-made man who came from a very humble childhood. And creates his own empire via his hard work and incredible self-confidence while conducting business ideals.

Roman Abramovich Career

Roman turned out to be lucky in a way that Russia was opening up to some major business and tax reforms in the late 80s when Roman was just starting up. With the money that he had saved thus far. He set up a plastic toy making company and started selling toys at a minimal profit from his small apartment.

Moreover, small the profit turned out to be, it exhibited the impeccable business skills Roman possessed, and after doing it for few more years, Roman realized it was the time to move on to bigger things.

roman abramovich

During the time when Roman was acquiring the shares of the company, its net worth was estimated to be $200 million. And the shared prices jumped up, which makes millions in profit for Roman and his partner.

After achieving major success with the Sibneft, Roman started eyeing the Russian Aluminium industry. Which was known to be a highly lucrative sector back in those times.

In 2003, Roman bought most of the companies that owned the Chelsea football club. Which at that time was known as one of the weakest football teams. Under his reign, the club has performed well enough, and Roman supports the team in almost every match.

In the year 2015, Roman invested in an Israeli start-up music app Music Messenger and gave them USD 30 million, partnering up with the musicians such as Nicki Minaj and David Guetta.

roman abramovich

Roman Abramovich Net Worth

As of May 2020, Roman net worth, according to Forbes, is around $12.3 billion. Which makes him the 130th richest man across the globe.

He has donated millions towards building schools, hospitals and has also reportedly spent billions more on the social and structural welfare of several cities in Russia.

Also Read: Walter Droege Biography: Success Story of Droege International Group CEO

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