Sanctions have led Abramovich, 55, to put Chelsea Football
Club up for sale and write off loans to the Premier League side
totalling £1.5 billion. A year ago Chelsea was thought to be
worth about £2.4 billion — suggesting Vladimir Putin’s
invasion of Ukraine has already cost Abramovich the better
part of £4 billion. It appears that the Russian will not see a
penny from the sale of the Blues, with the proceeds likely
to go to a charity for war victims. The value of Abramovich’s
stake in his London-listed steel company Evraz has plummeted
by nearly £2.3 billion to £340 million since last year. The
stock has been suspended amid suggestions — denied by
the firm — that its steel could be used by the Russian military
to make tanks.
Meanwhile, authorities around the world have set about
freezing his assets — which include yachts worth $1 billion
and UK property worth £250 million. The French took control
of a dozen properties including the £100 million Château de
la Croë villa in Cap d’Antibes. Orphaned at the age of three,
Abramovich started his first business after army service,
making plastic toys and then tyres. Teaming up with the late
Boris Berezovsky, Abramovich secured rights in the Sibneft oil
operation in 1995, going on to buy it later. In 2005 Sibneft was
sold to Gazprom, the Russian natural gas monopoly, by which
time the stake held by Abramovich and his partners was worth
about £7.5 billion. Dividends and share sales from Sibneft
added about £3 billion and Abramovich also sold stakes in the
airline Aeroflot and an aluminium company. Three divorces
have trimmed the oligarch’s wealth over the years. But three
months of war has proved far more costly. 2021: £12.101bn, 826 STEPHEN RUBIN AND FAMILY
£6.1bn £294m ▼
Sportswear: Pentland and JD Sports 2021: £6.394bn, 2327 SIR JIM RATCLIFFE
£6.075bn £255m ▼
Chemicals: Ineos 2021: £6.33bn, 2529 GERMAN AND ANZHELIKA KHAN
£5.8bn £1.367bn ▼
Industry: Alfa Group and LetterOneKhan, 60, once had a reputation for taking handguns to meetings.
The Ukrainian-born oligarch netted about £4.5 billion from the sale
of TNK-BP — a former Soviet state oil company — with Mikhail
Fridman and Alex Kuzmichev (both qv). The sanctioned trio control
LetterOne, which boasts Holland & Barrett as its best-known British
asset, but Khan is no longer a director. It is unclear if he still owns
the Surrey mansion Raven Morrow, sold for £31 million last year to a
new UK company with unidentified owners. 2021: £7.167bn, 2030 SIR HENRY KESWICK AND FAMILY
£5.703bn £768m ▼
Property, retailing and hotels 2021: £6.471bn, 2231 IAN AND RICHARD LIVINGSTONE
£5.7bn £400m ▼
Property and gambling: Evolution 2021: £6.1bn, 2732 EARL CADOGAN AND FAMILY
£5.691bn £679m ▼
Property 2021: £6.37bn, 2433 IGOR AND DMITRY BUKHMAN
£5.5bn £152m ▼
Games: PlayrixPlayrix, the gaming giant built by London-based brothers Igor, 40,
and Dmitry, 37 this month, had 1,500 staff in Kyiv and Kharkiv — and
the same number in Russia. Online “outbursts of uncontrolled hatred
among employees” ensued after Putin’s invasion of Ukraine and at
least one employee quit. Before the pandemic a fundraising valued
the Dublin-based business at $7 billion. We lower our valuation due
to the cost of disruption caused by the war. 2021: £5.652bn, 3234 JOHN GRAYKEN
£5.366bn £504m ▼
Property and investment 2021: £5.870bn, 3035 NATHAN KIRSH
£5.208bn £1.03bn ▲
Cash and carry, property and investment 2021: £4.178bn, 4236 NIK STORONSKY
£5.2bn £4.2bn ▲
Financial services: RevolutStoronsky, who started the fintech Revolut with Vlad Yatsenko (qv),
is one of the London-based Russians to disavow Vladimir Putin. The
37-year-old suspended business in Russia and Belarus. Losses rose
to £200.8 million in 2020, yet a July fundraising valued Revolut at
£24.4 billion and Storonsky’s holding in excess of £4.9 billion. Share
sales add £300 million. 2021: £1bn, 165=37 TOM MORRIS AND FAMILY
£5.127bn £766m ▲
Discount stores: Home Bargains 2021: £4.361bn, 4038 CARRIE AND FRANçOIS PERRODO AND FAMILY
£5bn £1.087bn ▲
Oil, gas and wine 2021: £3.913bn, 4339 MOHSIN AND ZUBER ISSA
£4.73bn £50m ▲
Fuel distribution and supermarkets 2021: £4.68bn, 3740 LEONIE SCHRODER AND FAMILY
£4.642bn £573m ▼
FinanceA trustee of the Red Squirrel Survival Trust, Schroder is a scion of
the Schroder fund management dynasty. She inherited her place
on the board of the asset manager in 2019 after the death of her
father, Bruno. Leonie, 48, and other family members own 47.93
per cent of Schroders. This stake is worth £3.796 billion — down
£666.2 million on a year ago. They should have received £149.5
million of dividends in 2020. 2021: £5.215bn, 35Rich List 2022 Billionaires
Blue is the colour for
Roman Abramovich,
whose beloved Chelsea
Football Club is among
his assets now placed
out of reachLOADED
Entry 29, £5.8bn GETTY IMAGES28 ROMAN ABRAMOVICH
£6bn £6.101bn ▼
Oil and industry22 • thesundaytimes.co.uk/richlist