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Roman riches revealed

Roman Abramovich has declared his assets for the first time in more than a decade, disclosing that he has 16 properties, seven cars, 22 bank accounts, six companies and one football club.

The 44-year-old Chelsea owner made the declaration as part of a campaign to run for re-election as an MP in Chukotka, a remote region in Russia's far east.

Russian president Dmitry Medvedev is pushing all politicians to declare their assets as part of an anti-corruption drive.

Abramovich's declaration listed seven properties in Britain, two in the US, three in France, and four in Russia.

They are known to include two houses in Lowndes Square, Belgravia, which are together estimated to be worth up to £150m; a house in the south of France once used by Edward VIII and Wallis Simpson which is worth £30m; his main Moscow residence, two properties in Aspen, Colorado, together worth £30m, and a residence in the Caribbean worth £56m.

The publicity-shy tycoon also disclosed that he owned seven cars, mostly high-end Mercedes and BMWs that would altogether cost an estimated £650,000 to buy new.

The estimated value of Chelsea, the Premier League champions and FA Cup holders, stands at £402m, according to 'Forbes' magazine. In 2003, he bought the club for £140m.

Irish Independent