|Who is it?
|Roman Abramovich's Son
|September 14, 1993
|Arkadiy Abramovich age
|30 YEARS OLD
|Roman Abramovich (father) Irina Maladina (mother)
Arkadiy Abramovich, famously recognized as the son of Russian tycoon Roman Abramovich, is anticipated to possess a net worth of $180 million in 2024. Born into a family of wealth and influence, Arkadiy has successfully made a name for himself in his own right. While primarily recognized for being Roman Abramovich's son, Arkadiy has carved his own path and achieved financial success in various ventures. As the years progress, it is likely that Arkadiy's net worth and influence will continue to grow, creating a legacy for himself independent of his family's notable fortune.
Abramovich is one of five children born to Russian Jewish Billionaire Roman Abramovich and his Russian wife Irina Vyacheslavovna Malandina. His mother is a former Aeroflot stewardess. They divorced in 2007. He has one brother and three sisters: Ilya, Arina, Sofia, and Anna. He lives with his mother and siblings on an $18 million estate in West Sussex.
Arkadiy is the founder and owner of ARA Capital, a private investment vehicle whose assets include Zoltav Resources PLC, a company listed on the London Stock Exchange under the ticker ZOL. Through ARA Capital, he also bought a 26% stake in Crosby Asset Management. In 2010 it was widely reported that Arkadiy made a bid for leading Danish football team FC Copenhagen, however, no bid materialised.
In 2013, Arkadiy Abramovich started working as an intern at the London office of Russian, VTB Bank. During the same year, he bought a 45% share in the shell company Zoltav Resources, and purchased a stake in an oil field in Siberia for a reported $46 million. $26 million of the $46 million were funneled through Zoltav to purchase CenGeo Holdings - owner of the undeveloped Koltogor oil field in Western Siberia. The remaining $20 million were pledged by ARA Capital to fund the field's development in return for more shares.
In 2014, Zoltav completed the acquisition of Royal Atlantic Energy (Cyprus) Limited and began trading on the London Stock Exchange's Alternative Investment Market(AIM) department. Zoltav also purchased a full license for gas exploration, extraction and production in the Bortovoy area, which contains several active gas fields, 750 billion cubic feet of substantiated gas reserves, 3.9 million barrels of condensate, and a processing plant.
In 2015, Arkadiy founded a company called Greenhouse, specializing in vegetable farming. Though the value of the investment remains undisclosed, reports note that the farming venture would focus on growing cucumbers and tomatoes in the Belgorod region, 700 km south of Moscow. According to authorities in the Rostov region, earlier the same year Abramovich Jr. began planning a major investment (approx. $700 million) in greenhouse development in the region. The terms are still under negotiation. In 2017, it was reported that Arkadiy had offered €250million to purchase a controlling stake in CSKA Moscow.