Roman Abramovich Hosts Lavish New Year's Eve Party

The place to be tonight for one of the world's most lavish parties is St. Barts where Russian billionaire Roman Abramovich is hosting an epic shindig. Last year, Abramovich partied with Prince, this year the lead act will be The Black Eyed Peas. Demi Moore and Ashton Kutcher, who have be been spotted yacht hopping in the area, are expected to be in attendance as are George Lucas, Alicia Keys, Harvey Weinstein, Puff Daddy and Salma Hayek. According to the Daily Mail, Governor Bay, where Abramovich's multi-million dollar estate is located, has been cordoned off. The Daily Mail has images of Fergie and her husband Josh Duhamel arriving via helicopter as well as Alicia Keys and Salma Hayek with her young daughter.

Boom times are back for Abramovich who owns a fleet of yachts including his latest baby, the Eclipse. He is also planning a mega-mansion in the Knightsbridge area of London and spent around $400 for a private island in Russia to house his growing art collection. This party is just the cap to a very spendy year.