oligarch

EXCLUSIVE: Abramovich Said to Be Owner of World's Most Expensive Painting

Filed under: Art, Wealth

EXCLUSIVE: Abramovich is Likely Owner of World's Most Expensive Painting

When we first reported back in May that Pablo Picasso's 1932 painting Nude, Green Leaves, and Bust (above) had sold for a record-breaking $106.5 million at Christie's we heard whispers that the buyer was a certain Russian oligarch known for his eye-popping acquisitions: Roman Abramovich. Now that the world's most expensive painting has been lent to the UK's Tate Modern museum by the unnamed "private collector" who bought it (as my colleague Deidre Woollard reported), a strong indication that the owner is based in London where Abramovich spends most of his time, we're hearing them louder. [cont'd]

Gallery: Record-Breaking Art

Tags: abramovich, art, art auction, art collectors, auction, billionaire, chelsea, London, modern art, most+expensive+painting, mostexpensivepainting, museums, oligarch, Pablo Picasso, Picasso, Roman Abramovich, Russian billionaires, Tate Modern, UK, wealth, world record, worlds most expensive, worlds most expensive painting

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Russian Billionaire Andrey Melnichenko Buys $12 Million Central Park Pad

by Jared Paul Stern (RSS feed) —

Filed under: Estates, Wealth

Russian Billionaire Andrey Melnichenko Buys $12 Million Central Park Pad

Russian billionaire Andrey Melnichenko, owner of the eye-popping $300 million megayacht 'A' (above) designed by Philippe Starck, has splashed out $12.2 million on a penthouse pied-à-terre in Central Park. It's the first New York property for Melnichenko, at 38 one of the world's youngest billionaires, and his model wife Aleksandra, the Wall St. Journal reports, added to a real estate portfolio that includes apartments and estates in Moscow, France and the U.K. The 2,800-sq.-ft., two-bedroom duplex has two balconies, a terrace facing Central Park, and an entrance gallery with 24-foot ceilings. As we reported back in January Melnichenko, who amassed a $4.4 billion fortune in fertilizer and banking, entertained Martha Stewart, Demi Moore and Aston Kutcher on his yacht in St. Barth's over New Year's during Roman Abramovich's bash.

Tags: Andrey Melnichenko, billionaire, Central Park, mega+yacht, megayacht, New York, oligarch, penthouse, Philippe Starck, real estate, Roman Abramovich, Russia, Russian billionaires, superyacht, wealth, yacht

Abramovich Moves Down on Russia's Rich List

by Jared Paul Stern (RSS feed) —

Filed under: Wealth

Oligarch Roman Abramovich has taken a major tumble on this year's list of Russia's richest men and now languishes in fifth place. Russia's Finans magazine puts Abramovich's wealth at $17.1 billion, up only $100 million from a year ago despite a strong recovery for the Russian economy that saw rival tycoons cash in big time. Steel magnate Vladimir Lisin captured the top spot once again with a $28.3 billion fortune, up from $18.8 billion last year. Mikhail Prokhorov, owner of the New Jersey Nets, makes the list at number two with $22.7 billion, while Alisher Usmanov, part-owner of Arsenal Football Club, clocks in at number three with $19.9 billion. In fourth place, edging out Abramovich, is another steel tycoon, Oleg Deripaska, with $19 billion. Meanwhile there are 37 newly-minted billionaires in Russia this year, bringing the total to 114 up from 77 in 2010.

Gallery: Russia's Richest Men

#4 - Oleg Deripaska (with Putin at left)

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Tags: abramovich, billionaire, Mikhail Prokhorov, Oleg Deripaska, oligarch, richest, Roman Abramovich, Russia, Russian billionaires, Vladimir Lisin, wealth

Ukranian Billionaire Flys in Ducasse, Cirque du Soleil for $6 Million Birthday Bash

by Jared Paul Stern (RSS feed) —

Filed under: Events, Wealth

Ukrainian billionaire Viktor Pinchuk (above) is spending more than $6 million on an opulent 50th birthday bash for himself in the posh French ski resort of Courchevel tonight, flying in the Cirque de Soleil and superchef Alain Ducasse for the occasion. The steel magnate and contemporary art collector, whose has an estimated fortune of over $3 billion, is sparing no expense for the 300 guests invited to the event, the London Telegraph reports. It has taken 50 workmen two weeks "under difficult climactic conditions" to set up an enormous marquee to showcase the Cirque du Soleil, the world-renowned Canadian circus troupe, the paper notes.

Ducasse's haute cuisine will be accompanied by oceans of the finest champagne, vodka and top grand cru vintage wines. The evening will end with a spectacular fireworks display before guests retire to the resort's 11 five-star hotels, all booked out for the occasion. Pinchuk, who owns one of London's most expensive houses, has his own private museum in Kiev housing major works by Damien Hirst, Jeff Koons and Louis Vuitton collaborator Takashi Murakami. He has a number of philanthropic projects and arts sponsorships in the works with the likes of Paul McCartney, Sir Elton John, Steven Spielberg, George Soros and Bill Clinton, all of whom could turn up at the birthday blowout.

Tags: Alain Ducasse, billionaire, Cirque de Soleil, contemporary art, Courchevel, Damien Hirst, events, france, Jeff Koons, museum, oligarch, parties, Paul McCartney, Russian billionaires, Takashi Murakami, Ukraine, wealth

Abramovich's Daughter Named One of Russia's Most Eligible Women with a $3.4 Billion Fortune

by Jared Paul Stern (RSS feed) —

Filed under: Wealth

Russian business magazine Finans has named oligarch Roman Abramovich's 17-year-old daughter Anna (right) one of Russia's most eligible women, citing her $3.4 billion fortune. Anna, who lives with her mother Irina, the billionaire's second wife, in London, will inherit the cash as part of the oligarch's divorce settlement. Her father threw her a $600,000 Sweet Sixteen party last year.

Anna has four siblings and a half-brother, born this year to Abramovich's gorgeous girlfriend Dasha Zhukova. The Australian reports that Abramovich is displeased at the magazine's coverage of his daughter. Back in May we reported that Anna had been partying hard in London with Will.i.am and the Black Eyed Peas at posh nightclub Whisky Mist.

Anna's no Paris Hilton however, nor is she Russia's biggest heiress; she's worth less than Anastasia Potanina, 26, daughter of mining magnate Vladimir Potanin, who's expected to inherit $3.8 billion. Seven young women are included in the list in total, with combined fortunes worth over $17 billion. Of course exact details are a closely guarded secret.

Tags: anna abramovich, billionaire, Dasha Zhukova, heiress, London, oligarch, Paris Hilton, Roman Abramovich, Russia, Russian billionaires, socialite

German Newspaper Scores Sneak Peek Inside Abramovich's Eclipse

by Jared Paul Stern (RSS feed) —

Filed under: Yachts & Sailing, Wealth

German newspaper Bild has scored an exclusive sneak peak inside Roman Abramovich's new 557-ft. Eclipse (above), the world's largest and most expensive privately owned yacht which was recently completed by Hamburg shipyard Blohm + Voss at a cost estimated to be near $1 billion. The gigayacht boasts every luxury finish imaginable in its nearly 20,000-sq-.ft. interior, including a master suite upholstered in shagreen (stingray skin) on the topmost sixth deck with a retractable moon roof. On Deck 4 there are two VIP suites and eight guest cabins, while accommodations for the 80 crew members needed to man the massive vessel are located in the bow. The décor however is fairly understated with earth tones predominating, we note. One of the three helicopter landing pads disappears under the deck with the push of a button, and the yacht also features the world's largest onboard swimming pool which converts into a dancefloor, in addition to a wellness center including a fitness studio, hairdresser, massage parlor, sauna, steambath and whirlpool. Bild notes the Eclipse will cost about $100,000 per day, or $36.5 million per year, to operate. Check out some exclusive interior images here.

Tags: Blohm + Voss, Eclipse, Germany, gigayacht, helicopter, megayacht, oligarch, Roman Abramovich, Russia, Russian billionaires, shagreen, swimming pool, yacht

Abramovich's Daughter Paints the Town Red

by Jared Paul Stern (RSS feed) —

Filed under: Wealth

Russian oligarch Roman Abramovich, whose billion-dollar gigayacht Eclipse has garnered him plenty of headlines lately, isn't the only member of the family in the spotlight – his curvaceous 18-year-old daughter Anna's antics in London are making her a bold-face name as well. The UK's Metro reports that Anna (above, right) recently partied the night away with Will.i.am (left) and the Black Eyed Peas at posh London club Whisky Mist, the favored haunt of Princes William and Harry. Despite the gaggle of female admirers surrounding the singer and his bandmates, it was Abramovich's daughter who held sway, Metro reports. Anna's magnanimous side was also on display; spotting some homeless men hanging around outside the club the heiress gave the bouncers £100 to give to the unfortunate fellows. Meanwhile, Marie Claire also spotted Anna partying with Rihanna on another recent occasion. No doubt she's always quick to pick up the tab.

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Tags: anna abramovich, Black Eyed Peas, celebrities, heiress, London, nightclub, oligarch, Rihanna, Roman Abramovich, Russia, Whisky Mist, Will.i.am

Lisin Replaces Prokhorov as Russia's Richest Man

by Jared Paul Stern (RSS feed) —

Filed under: Wealth

Mechanic turned steel baron Vladimir Lisin (right) has replaced Mikhail Prokhorov as Russia's richest man with a fortune of $18.8 billion. Russian magazine Finans just released its annual ranking of the country's oligarchs, showing that Prokhorov, known for his shenanigans over the Villa Leopolda, has slipped into second place while Roman Abramovich languishes in third.

All three men did very well for themselves last year. Lisin, 53, more than doubled his wealth from a year earlier to overtake Prokhorov, whose own fortune grew 27 percent to $17.85 billion, and Abramovich, whose estimated wealth is $17 billion, an increase of 22 percent. As my colleague Deirdre Woollard reported last week Russia gained 28 new billionaires in the last year.

The somewhat secretive Lisin is a keen hunter and a connoisseur of Cuban cigars. He owns a 16th century castle in the Scottish Highlands with 13 bedrooms on 3,300 acres ideal for grouse shooting, deer stalking and game fishing. Lisin's name means "fox" in Russian, and he is well known in his homeland for always staying on the Kremlin's good side.

Tags: Mikhail Prokhorov, MikhailProkhorov, oligarch, Roman Abramovich, RomanAbramovich, Russia, Russian billionaires, RussianBillionaires, Vladimir Lisin, VladimirLisin

Abramovich Installs Anti-Photo Shield on World's Largest Yacht

by Jared Paul Stern (RSS feed) —

Filed under: Yachts & Sailing, Wealth

In addition to the military-grade missile defense system, armor plating and bullet-proof windows featured on Roman Abramovich's new 557-ft. Eclipse (above), the world's largest and most expensive privately owned yacht, the Russian oligarch has installed a high-tech anti-photo shield designed to keep the paparazzi at bay. The system relies on lasers to block any digital camera lenses nearby, the London Times reports. Infrared lasers will detect the cameras' electronic light sensors, known as charge-coupled devices (CCDs), and then fire a focused beam of light at the camera, disrupting its ability to record a digital image. The Times, which also claims the total cost of the Eclipse has now ballooned over the $1 billion mark, reports the yacht set off on a sea trial last week with 150 engineers and maritime experts aboard who will put it through its paces over 10 days. Abramovich, who just paid $89 million for a villa in St. Bart's, is due to take delivery of the yacht on December 22.

Tags: Eclipse, megayacht, oligarch, Roman Abramovich, RomanAbramovich, Russia, russian billionaires, RussianBillionaires, security, yacht

Abramovich Launches the World's Biggest Yacht

by Jared Paul Stern (RSS feed) —

Filed under: Yachts & Sailing, Wealth

Back in April we reported that despite the economic crisis Russian oligarch Roman Abramovich planned to complete work on the 557-ft. Eclipse, the world's largest and most expensive privately owned yacht. Now the ocean-going behemoth has been launched on its maiden voyage to test operational systems before the finishing touches are applied, at a reported final cost of close to $500 million according to the London Daily Mail. As the all-white megayacht glided out of the Blohm & Voss shipyard (above) in Hamburg, Germany the other day, it dwarfed a navy destroyer it passed along the way.

The Eclipse, which features a military-grade missile defense system, armor plating and bullet-proof windows, will literally eclipse the recently-debuted $350 million, 531-ft. Dubai owned by Sheikh Mohammed bin Rashid Al-Maktoum, the Emir of Dubai. The ship also has a submarine that can be launched underwater and dive to a depth of 160 ft. that doubles as an escape pod, as well as two helicopter pads. Abramovich already owns several other superyachts, including the 377-ft. Pelorus, the 282 ft. Ecstasea and the 160 ft. Sussurro, which cost him $25 million a year to maintain, and apparently plans to keep them all.

Gallery: Abramovich's Megayachts

Tags: Eclipse, megayacht, oligarch, Pelorus, Roman Abramovich, RomanAbramovich, Russian billionaires, RussianBillionaires, yacht

Villa Leopolda Now Worth Only $40 Million?

by Jared Paul Stern (RSS feed) —

Filed under: Estates, Wealth

Villa Leopolda in Cap Ferrat (above), once the world's most expensive estate with a $750 million pricetag, may now only be worth $40 - $50 million thanks to plunging prices in the wake of the global recession, according to Sotheby's International Realty CEO Alexander V. G. Kraft. "For trophy properties it used to be a question of how much someone was willing to pay," Kraft tells the London Telegraph. "They would come quietly onto the market – they would be marketed under the table. This system really has totally collapsed. Buyers willing to pay anything like those sums just don't exist anymore." The paper says "panic sales" are on the rise in the ritzy area.

As we wrote about back in February, Russia's richest man Mikhail Prokhorov had reportedly agreed to purchase the Villa for $750 million but later backed out of the deal, forfeiting a $55 million deposit. The estate has not been re-listed. "Prices are coming more in line with the rest of the market," Kraft declares. "Trophy properties will be more in line with 'normal luxury properties' – about 20 to 30 million [euros]." Peter Ilovsky, director of Sotheby's International Realty in Cap Ferrat, says they're still good investments however. "Owning a property in Cap Ferrat is like having a Picasso," he tells the paper. "It's certainly better than placing the money in a Swiss bank."

Tags: Cap Ferrat, CapFerrat, French Riviera, FrenchRiviera, Mikhail Prokhorov, MikhailProkhorov, oligarch, Sothebys, Villa Leopolda, VillaLeopolda

Diamond Book For Russia's Big Spenders

by Sandy Maple (RSS feed) —

Filed under: Jewelry, Preferred

A regular edition of Roger Shashoua's book Dancing with the Bear: A Serial Entrepreneur Goes East can be had for around $30. But somehow it seems fitting that a book about getting seriously rich should also come in a seriously rich edition. How does £3m strike you? That is what British entrepreneur Shashoua is hoping to fetch for the made-to-order "oligarch" edition of his book, which features over 600 flawless diamonds on the cover.

The book, said to be the most expensive in the world, is touted as a how-to guide for entrepreneurs looking to follow in Shashoua's footsteps and make big money in post-Soviet Russia. Shashoua knows of what he speaks - he is the co-founder of ITE, which trades on the London Stock Exchange with a market value of more than £500m.

It seems to me that those who could actually afford this special edition book probably don't need the advice. But Shashoua hopes the wealthy Russian ex-pats who might buy it won't just stash it in the safe. "I can only hope that oligarchs will read the book, rather than just keeping it locked away," he says.

[via bornrich]

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Tags: book, dancing with the bear, DancingWithTheBear, diamond, diamond book, DiamondBook, entrepreneur, oligarch, Roger Shashoua, RogerShashoua, russia, shashoua, soviet russia, SovietRussia