Another Abramovich is starting to make waves in the London business world. Arkadiy, the 20 year old son of Chelsea owner and billionaire, Roman Abramovich, recently invested £3 million in buying 26% of the London-listed company, Crosby Asset Management. The purchase was made through the younger Abromovich’s investment arm, ARA Capital.
Roman Abramovich made his money investing in Russia’s gas and oil industry and he is now valued at more the £7 billion making him the 53rd richest person in the world. His son appears to be following in his father’s footsteps by investing in the Hong Kong based, Crosby Asset Management which also focuses on natural resource investment around the world.
In addition to following his father’s footsteps in the business arena, Arkadiy is also looking to invest in football. His target is the company that owns the Dutch based FC Copenhagen. However, Arkadiy’s interests are not only business oriented and he is rumoured to be staring his university career next year in the United States.
Fellow Crosby investor, Robert Owen, has welcomed the new substantial investor in the company which was originally a stock broking firm established in 1984. Abramovich’s investment was made possible by two previous investors, John McKeon and Ilyas Khan decided to sell some of their assets.