Tuesday, March 8, 2011

Roman Abra-more-rich

Roman Abramovich is worth over £11billion. That is two ones and nine zeros. How do I know that? I read it on the internet of course, Yahoo news I think it was.

Apparently, in order to stand for election in Russia, one has to declare his/her wealth and since Roman aspires to be a parliamentary deputy (I’m guessing that’s the Russian wakil rakyat), he has to declare what he owns.


Our 13th General Elections is coming soon and I propose the Election Commission implement similar rules.

According to the web, Abramovich is Russia’s fourth richest man but according to his spokesman the declared numbers may not show the full extent of his wealth.




John Mann (the spokesman-n) says the numbers may not show the full extent of his wealth because it only shows the interest income on his bank deposits and not his full income. Wow!

Apart from the extensive list of residences in several countries, Abramovich's taste in cars may seem less opulent than expected. The most luxurious of the vehicles declared is a Mercedes S500L, but a four-year-old Volkswagen Golf fills out his garage. Abramovich's more majestic purchases, such as his four super-yachts and collection of private jets and helicopters, were however not disclosed in the report.

The declaration is unlikely to interest the residents and voters from Chukotka, where the average income is estimated at £11,000 a year.

Abramovich's fortune is mostly held in companies including Millhouse Capital, Eucla Investments Limited, Primerod International Limited and Chelsea Limited, which owns the Premier League club.

Some highlights of Abramovich's December 2010 declaration of wealth include:

Properties
Seven in Britain, two in the United States, three in France, four in Russia, and one in the Caribbean. Estimated total value of property: £300m

Cars
Seven, notably Mercedes S500L (2010), BMW 760Li (2010), VW Golf (2007). Estimated total value of car collection: £650,000

Cash and shares
£71.78m across 22 separate bank accounts, £25.48m tied up in shares

Ownership
100% of Chelsea Limited (football club estimated worth of £402.19 million), 100% of Lowndes Square Management Company Limited, 100% of Croe France Chateau de la Croe and Eucla Investments Limited, 25% of Primerod International Limited, 100% of Wotton Overseas Holdings Limited, and 100% of Camberley International Investments Limited.

graphic "courtesy" of soccerlens.com


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