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Dimitri Medvedev

Abramovich Could Be Moscow's Next Mayor

Filed under: Wealth

Russian news service RIA Novosti reports that Russian oligarch Roman Abramovich could be appointed the next mayor of Moscow, an incredibly influential position, following the incumbent's ouster.

Russian president Dimitri Medvedev gave Yuri Luzhkov his walking papers this week in the wake of a long-simmering feud. The job is unlikely to be maintained in its present form and may be divided into two posts to avoid a repeat of Luzhkov's power concentration.

If the free-spending 43-year-old billionaire does get the job – though we're not sure how he'd have the time given his many other interests, from football clubs to megayachts – it wouldn't be his first foray into politics.

Abramovich served as governor of Chukotka (an impoverished region in the Russian Far East) from 2000 to 2008, and was credited with improved living standards, restoring schools and housing and attracting investment, RAI notes, and he is currently the chairman of the Chukotka Autonomous District Duma.

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