Inside Abramovich’s £250m property portfolio | Roman Abramovich

AAs football fans make their way to Stamford Bridge for Chelsea’s home game against Brentford next month, not everyone will realize they are walking past dozens of apartments belonging to one of the private property portfolios Britain’s most valuable.

Sanctioned club owner Roman Abramovich and his family have amassed a collection of properties in the UK worth over £250m, comprising around 70 homes, buildings and land.

Roman Abramovich’s 15-bedroom property in Kensington, West London. Photography: Mark Thomas/Rex/Shutterstock

The list of assets linked to the oligarch was compiled by the Russian Asset Tracker, a partnership involving the Guardian, the Organized Crime and Corruption Reporting Project and other international news outlets that report on the wealth of the most powerful operators in Russia.

It’s a snapshot in time, based on information from 2020 to the present day.

The Guardian, working alongside campaign group Transparency International, has also seen evidence linking the billionaire’s businesses and relatives to 53 luxury residential properties – as well as commercial buildings and land – in central London.

Roman Abramovich at Stamford Bridge, home of Chelsea FC.
Roman Abramovich at Stamford Bridge, home of Chelsea Football Club. Photography: Matt Impey/Rex/Shutterstock

Alongside the oligarch’s widely reported 15-bedroom mansion in Kensington Palace Gardens, bought for £120m, the Abramovich Collection includes 42 flats and apartments in Chelsea Village, the hotel and residential complex around of the football field, including a $5.5 million penthouse apartment overlooking the stadium and a $1 million penthouse in the hotel.

Properties owned by the wider Abramovich family include two side-by-side luxury addresses in a Belgravia plaza, where adjacent houses are adorned with manicured privet hedges and a flower-filled first-floor balcony.

Less than three miles up the road near Kensington Palace, the family added to their luxury collection last year with a £17.5million townhouse.

Other linked assets include the use of two jets – a £39million Gulfstream and a $10.4million Bombardier – plus a pair of Airbus helicopters, struck from the Isle of Man register the day after the UK imposed sanctions on Abramovich. There are two yachts linked to Abramovich: the 458ft Solaris and the 533ft Eclipse. Confirmation is also sought for ownership of two other private jets.

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There are also trust funds linked to Abramovich and his family, including two in Cyprus: the first, HF Trust, valued at $900 million, according to 2016 data contained in the bank leak known as the FinCEN files. A second entity, the Sara Trust Settlement, was involved in deals totaling $304 million, also in 2016.

Abramovich's Solaris superyacht in Barcelona, ​​Spain.
Abramovich’s Solaris superyacht in Barcelona, ​​Spain. Photography: Albert Gea/Reuters

The compilation of the list of assets linked to Abramovich comes as governments have warned that opaque ownership structures could thwart sanctions enforcement efforts.

Abramovich was sanctioned by the UK government in early March after ministers accused him of having ‘clear links’ to Vladimir Putin’s regime and being part of a group of businessmen with ‘blood on the hands”.

The oligarch has previously vehemently disputed reports suggesting his alleged closeness to Putin and Russia, or that he did anything to deserve sanctions.

The most visible effect of the UK’s decision was to plunge the Russian tycoon’s football team into crisis as the company could no longer sell tickets. The club is up for sale, with bids in excess of £2billion submitted by interested parties over the weekend. Proceeds should either be donated to charity or held in a restricted account.

Other well-known assets held by the oligarch include a 29% stake in London-listed steel and mining group Evraz, which was worth £2.5bn at the end of 2021.

However, the shares then fell, with Abramovich’s stake worth around £338m as the crisis in Ukraine unraveled. Evraz’s 10-member board resigned this month after sanctions were imposed on the Russian oligarch and shares in the company were suspended.

Abramovich did not respond to numerous efforts by the Guardian to contact him.

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