Arkady Abramovich, the 19-year-old son of Chelsea Football Club owner Roman Abramovich, bought a Siberian oil field, seven years after his father sold his Russian crude producer to OAO Gazprom for $13 billion.
Malcolm Glazer, the billionaire sports team owner who brought a Super Bowl title to the Tampa Bay Buccaneers and was disdained by fans of the U.K.’S Manchester United soccer club when he bought the team in 2005, has died. He was 85.
Buying a home in London’s most affluent areas is becoming unattainable for anyone without a billionaire’s bank balance. For those feeling squeezed out, a Swiss private bank is offering a side door to the market.
Yandex NV, Russia’s largest search- engine operator, added a Moscow stock listing, broadening its investor base and conforming with the government’s campaign to get local companies to cut dependence on foreign bourses.
Linc Energy Ltd. is looking to expand its partnership with Roman Abramovich, after announcing a deal today with the billionaire owner of Chelsea Football Club to evaluate a gas-to-liquids fuel development in Russia.