Arkadiy Abramovich

Arkadiy 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]

In this Eastern Slavic name, the patronymic is Romanovich and the family name is Abramovich.
Arkadiy Abramovich
Born
Arkadiy Romanovich Abramovich

(1993-09-14) 14 September 1993
Moscow, Russia
Parent(s)Roman Abramovich
Irina Abramovich

Biography

Abramovich is one of five children born to Russian-Israeli billionaire Roman Abramovich and Irina Abramovich (née Malandina).[2] His mother is a former Aeroflot stewardess.[2] They divorced in 2007.[3] He has one brother and three sisters: Ilya, Arina, Sofia, and Anna.[2] Arkadiy also has two younger half-siblings: Aaron and Leah Lou.

Career

Arkadiy is the founder and owner of ARA Capital, a private investment vehicle whose assets include Zoltav Resources PLC,[4][5] 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.[6][7] In 2010, it was widely reported that Arkadiy made a bid for leading Danish football team FC Copenhagen, however, no bid materialised.[8][9]

In 2013, Arkadiy started working as an intern at the London office of Russian, VTB Bank.[10] 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.[11] $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.[12][13]

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, of Saratov Oblast which contains several active gas fields, 750 billion cubic feet of substantiated gas reserves, 3.9 million barrels of condensate, and a processing plant.[14][15]

In 2015, Arkadiy founded a company called Greenhouse,[16] 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.[17] In 2017, it was reported that Arkadiy had offered €250million to purchase a controlling stake in CSKA Moscow.[18]

References
  1. "Abramovich Jr. Follows in His Father's Footsteps". The Moscow Times. 12 August 2011. Retrieved 11 October 2011.
  2. 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,"
  3. "Profile: Arkadiy Abramovich, oligarch's son". The Independent. Retrieved 1 August 2015.
  4. http://zoltav.com/
  5. Bierman, Stephen; Corcoran, Jason (15 August 2011). "Billionaire Abramovich's 17-Year-Old Son Seeks Oil Deals". Businessweek. Retrieved 11 October 2011.
  6. "Crosby soars on Abramovich investment". The Guardian. 18 April 2011. Retrieved 11 October 2011.
  7. Partington, Richard (19 April 2011). "Chelsea owner's son buys £3m stake in oil investor". City A.M. Retrieved 11 October 2011.
  8. 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.
  9. "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.
  10. "Abramovich Junior Interning at VTB London". Retrieved 14 November 2017.
  11. Hickman, Leo (20 March 2013). "How Roman Abramovich's son Arkadiy is following in his father's footsteps". The Guardian. ISSN 0261-3077. Retrieved 14 November 2017.
  12. Webb, Tim (20 March 2013). "Like father, like son: Abramovich junior strikes oil". The Times. ISSN 0140-0460. Retrieved 14 November 2017.
  13. "Arkadiy Abramovich Making His Own Way In Business With Zoltav Resources Has New $170 Million Deal Pending - Jewish Business News". Jewish Business News. 15 December 2013. Retrieved 14 November 2017.
  14. "Arkadiy Abramovich's Zoltav Resources Announces New Oil Acquisitions - Jewish Business News". Jewish Business News. 19 June 2014. Retrieved 14 November 2017.
  15. "Arkadiy Abramovich's Zoltav Resources restarts AIM trading after Russian acquisition". Proactiveinvestors UK. Retrieved 14 November 2017.
  16. "Son of oligarch Abramovich builds greenhouses all over Russia". Construction.RU - Russia-wide construction online journal (in Russian). Retrieved 14 November 2017.
  17. Kuchma, Anna (17 May 2016). "Why has Roman Abramovich's son become a cucumber farmer?". Retrieved 14 November 2017.
  18. "Son of Chelsea owner Roman Abramovich launches club takeover - Tribal Football". Retrieved 14 November 2017.
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