Arkadiy Abramovich

Arkady Abramovich
Born Arkady Romanovich Abramovich
(1993-09-14) September 14, 1993
Moscow
Residence Moscow, Russia
Nationality Russian
Occupation Heir
Parent(s) Roman Abramovich (father)
Irina Abramovich (mother)

Arkady Romanovich Abramovich (Russian: Аркадий Романович Абрамович) born 14 September 1993 is the heir to Roman Abramovich, Russian billionaire and owner of Chelsea F.C.[1]

Biography

Abramovich is one of five children born to Russian-Israeli billionaire Roman Abramovich and his Russian wife[2][3] Irina Vyacheslavovna Malandina. His mother is a former Aeroflot stewardess.[3] They divorced in 2007.[4] He has one brother and three sisters: Ilya, Arina, Sofia, and Anna.[3] He lives with his mother and siblings on an $18 million estate in West Sussex.[5]

Career

Arkadiy is the founder and owner of ARA Capital, a private investment vehicle whose assets include Zoltav Resources PLC,[6][7] 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.[8][9] In 2010 it was widely reported that Arkadiy made a bid for leading Danish football team FC Copenhagen, however, no bid materialised.[10][11]

In 2013, Arkadiy Abramovich started working as an intern at the London office of Russian, VTB Bank.[12] 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.[13] $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.[14][15]

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.[16][17]

In 2015, Arkadiy founded a company called Greenhouse,[18] 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.[19] In 2017, it was reported that Arkadiy had offered €250million to purchase a controlling stake in CSKA Moscow.[20]

References

  1. ↑ "Abramovich Jr. Follows in His Father's Footsteps". The Moscow Times. 12 August 2011. Retrieved 11 October 2011.
  2. ↑ The Daily Mail: "Will Irina Abramovich bring about Roman's fall?" Richard Pendlebury 15 October 2006
  3. 1 2 3 Il Giornal: "Abbandonata dal marito, Galina Berezovskij si consola con 227 milioni di euro" 24 July 2011 (in Italian) \"Irina Vyacheslavovna Malandina, ex-hostess dell'Aeroflot nonché madre dei suoi 5 figli,"
  4. ↑ "Profile: Arkadiy Abramovich, oligarch's son". The Independent. Retrieved 1 August 2015.
  5. ↑ "Abramovich's daughter offers a glimpse into life with Chelsea owner". Mail Online. Retrieved 2017-11-14.
  6. ↑ http://zoltav.com/
  7. ↑ Bierman, Stephen; Corcoran, Jason (15 August 2011). "Billionaire Abramovich's 17-Year-Old Son Seeks Oil Deals". Businessweek. Retrieved 11 October 2011.
  8. ↑ "Crosby soars on Abramovich investment". The Guardian. 18 April 2011. Retrieved 11 October 2011.
  9. ↑ Partington, Richard (19 April 2011). "Chelsea owner's son buys £3m stake in oil investor". City A.M. Retrieved 11 October 2011.
  10. ↑ Burt, Jason (3 December 2010). "Roman Abramovich's son Arkady is linked with takeover of Danish champions FC Copenhagen". telegraph.co.uk. Retrieved 11 October 2011.
  11. ↑ "Abramovich family rumoured to be eyeing FC Copenhagen". The Copenhagen Post. 2 December 2010. Archived from the original on 17 December 2010. Retrieved 11 October 2011.
  12. ↑ "Abramovich Junior Interning at VTB London". Retrieved 2017-11-14.
  13. ↑ Hickman, Leo (2013-03-20). "How Roman Abramovich's son Arkadiy is following in his father's footsteps". The Guardian. ISSN 0261-3077. Retrieved 2017-11-14.
  14. ↑ Webb, Tim (2013-03-20). "Like father, like son: Abramovich junior strikes oil". The Times. ISSN 0140-0460. Retrieved 2017-11-14.
  15. ↑ "Arkadiy Abramovich Making His Own Way In Business With Zoltav Resources Has New $170 Million Deal Pending - Jewish Business News". Jewish Business News. 2013-12-15. Retrieved 2017-11-14.
  16. ↑ "Arkadiy Abramovich's Zoltav Resources Announces New Oil Acquisitions - Jewish Business News". Jewish Business News. 2014-06-19. Retrieved 2017-11-14.
  17. ↑ "Arkadiy Abramovich's Zoltav Resources restarts AIM trading after Russian acquisition". Proactiveinvestors UK. Retrieved 2017-11-14.
  18. ↑ "Son of oligarch Abramovich builds greenhouses all over Russia". Construction.RU - Russia-wide construction online journal (in Russian). Retrieved 2017-11-14.
  19. ↑ Kuchma, Anna (2016-05-17). "Why has Roman Abramovich's son become a cucumber farmer?". Retrieved 2017-11-14.
  20. ↑ "Son of Chelsea owner Roman Abramovich launches club takeover - Tribal Football". Retrieved 2017-11-14.

Roman Abramovich’s teenage son buys a Siberian oilfield (Blouin News)

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