Arkadiy Abramovich
Arkadiy Abramovich | |
|---|---|
| Born | September 14, 1993 Russia |
| Occupation(s) | Businessman, entrepreneur |
| Known for | Proprietor of ARA Capital |
Arkadiy Romanovich Abramovich (; born 14 September 1993) is a Russian billionaire heir and entrepreneur, known as the proprietor of ARA Capital, a private investment enterprise.
Early life and family
Arkadiy is among the five offspring of Russian billionaire Roman Abramovich and Irina Abramovich (Template:Née Malandina), who formerly worked as a flight attendant for Aeroflot. The couple separated in 2007. His siblings include one brother, Ilya, three sisters named Arina, Sofia, and Anna, as well as two younger half-siblings, Aaron and Leah Lou.
Career
Arkadiy established ARA Capital, an investment company holding interests such as Zoltav Resources PLC. Up until February 2022, Zoltav was traded on the London Stock Exchange's Alternative Investment Market under the ticker symbol ZOL. Via ARA Capital, he secured a 26% ownership in Crosby Asset Management. In 2010, there were reports suggesting his potential bid for Danish football club FC Copenhagen, though no formal offer was made.
In 2013, he completed an internship at the London branch of Russian VTB Bank. That same year, he acquired a 45% stake in Zoltav Resources and invested approximately $46 million in an oil field located in Siberia. Of this amount, $26 million was allocated to purchase CenGeo Holdings, which owns the undeveloped Koltogor oil field; additionally, ARA Capital committed $20 million toward development activities in return for further equity.
The following year, Zoltav took over Royal Atlantic Energy (Cyprus) Limited and resumed trading on AIM. The firm obtained a comprehensive license for gas exploration and production in the Bortovoy area of Saratov Oblast—a region rich in gas reserves with existing processing facilities.
In 2015, Arkadiy launched Greenhouse, an agricultural venture concentrating on vegetable cultivation—primarily cucumbers and tomatoes—in the Belgorod region. There were reports of negotiations for a substantial $700 million greenhouse project in the Rostov region; however, these plans had not been finalized. By 2017, he was reported to have proposed €250 million to acquire a controlling interest in CSKA Moscow.
As of January 2022, Arkadiy had consolidated ownership of 98.91% of Zoltav Resources shares under ARA Capital by purchasing stakes from minority shareholders and Bandbear Ltd. Subsequently, the company withdrew from the London Stock Exchange in February.
Offshore Trust and Lithuanian Citizenship
At the start of 2022, offshore trusts managing assets worth billions belonging to Roman Abramovich were restructured to transfer beneficial ownership to his seven children, including Arkadiy—who held Lithuanian citizenship at that time. Leaked documents from the Cyprus Confidential leak contained a scanned copy of Arkadiy's Lithuanian passport. This citizenship facilitated protection of certain assets from sanctions by designating his children as beneficiaries. In 2023, Lithuania introduced draft legislation aimed at revoking citizenship on national security grounds following disclosures that Arkadiy and his sister Anna possess Lithuanian passports.