Biography & Early Wealth Journey

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Last month, he cut his stake in Crispian Investments. That firm holds a stake in the Russian metals giant Norlisk Nickel so he holds less than 50% of it. Officially, Abramovich's stake is now 49.95%. Another one of his assets, metals and mining company Evraz also changed its shareholder structure by dissolving the Cyprus based tax shelter Lanebook Ltd that held 62.74% of Evraz. Abramovich now indirectly controls 30.52% of Evraz. The company has large operations in the U.S. and Canada, with 20% of Evraz's revenues coming from North America.

Abramovich purchased Chelsea for $233 million in 2003. Today, the club is worth more than $1.7 billion. Previously, he served in Russia's parliament and as a provincial governor.