Roman Abramovich's Lavish New Year's Eve Plans

Russian billionaire Roman Abramovich must be feeling optimistic about the new year. The London Times reports that he and his girlfriend Daria Zhukova are planning a lavish celebration on St Barts for New Year's Eve. The beach party for 250 people will reportedly include a performance by Prince, a treat that Abramovich is said to have paid £500,000 for. Abramovich recently bought a home on the island for $89 million. He plans to use the entire Governor Bay area as a party space bringing luxury yachts in and launching fireworks off of one of his own massive boats.

The outdoor party will also include the swimming pool and the outdoor cinema. Abramovich is believed to be spending £3 million on the affair. The guest list is a secret but it has been speculated that Jude Law and Simon Cowell received invites. It's all a far cry from last year when Abramovich canceled his Aspen New Year's Eve bash.