Update: Chelsea Owner Roman Abravovich

Roman Abravovich’s New London Home

Chelsea owner, Roman Abravovich recently paid $80 million to Liverpool to bring Spanish striker Fernando Torres onboard.

Abramovich is the new owner of the most expensive house ever built in London in Lowndes Square, a stone’s throw from Harrods.

The house will be created out of two stucco-fronted townhouses – formerly nine individual flats which he has been buying up since the late Nineties for a total value believed to be £20m. When the renovation is completed it will be worth £150m.

“It looks as though it will be palatial,” said a source familiar with the plans. “He wants a very plush interior in the style of high neoclassical Victoriana to match the exterior.

“This is clearly a personal project, because men like him would normally hand such a massive undertaking to some upmarket interior design firm. “He’s going to be very hands-on and there will be nothing minimalist about his taste. Inside will be all cornices, thick pile carpeting and heavy drapery.”

“There will be nothing minimalist about his taste,” says a source close to the Russian. “He wants a very plush interior in the style of high neo-classical Victoriana to match the exterior – inside will be all cornices, thick pile carpeting and heavy drapery.”

Chelsea’s owner is the fourth-richest man in Russia. The two stucco-fronted property in Knightsbridge, London, has eight bedrooms. It extends three stories underground and has a swimming pool, a cinema-entertainment room, an indoor steam room and sauna, multicar garage, and staff accommodation. His latest acquisition is located in a prime London block.

Abramovich’s property portfolio also includes a luxury flat at the new Bridges Wharf development next to Battersea heliport; an £18million, 420-acre estate, Fyning Hill, in West Sussex; a villa in the South of France; a house in Tuscany; a hotel complex in Cyprus and a holiday home in Montenegro.

The Knightsbridge building was designed by renowned master builder Thomas Cubitt, who worked in West London in the 1830s. Cubitt was also responsible for the east front of Buckingham Palace.

Abramovich is reportedly worth $11 billion. Details of his finances were released because the 44-year-old is running for a seat in the Russian parliament from the far Eastern province of Chukotka, where he once served as governor.

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