Thaindian News

In the beginning of 2010, the eminent billionaire Russian capitalist, Mikhail Prokhorov, acquired a controlling interest worth $250 million in the New Jersey Nets of the National Basketball Association (NBA). Now, it is another ultra rich Russian industrialist, Roman Abramovich, who has attained a private island near Saint Petersburg, named the New Holland Island (NHI), by unlocking his wallet and forking out $400 million. That is a considerable investment by any standard but may not be much for the super opulent Abramovich, the proprietor of the Chelsea FC. Also, Saint Petersburg is the ancient political headquarters of Russia.

Construction Digital has elucidated that Abramovich has majestic plans to refurbish the NHI, which is a former military facility, and transform it into a dazzling cultural and business hub. This facility in the NHI will lodge his stupendous art assortment that has been shaped undeniably by his girlfriend, Dasha Zhukova. Abramovich has become legendary for numerous reasons, one of which is his obsession for/towards the possession of modern-day art. He has become one of the global leaders in the accumulation of artworks and the fresh island that he has procured will bequeath him the room to portray his art collection. One of the famous works in Abramovich’s compilation is Francis Bacon’s ‘Triptych’, worth a whopping $86.3 million that he had obtained in 2008. He also has other pieces of art by Lucien Freud, Pablo Picasso and the others. Zhukova is believed to be Abramovich’s chief motivation behind the procurement of such a high-quality anthology of contemporary art. She is the power behind Moscow’s Garage Center for Contemporary Culture and will be influential in the growth of an art museum in the NHI. The audience now does have an idea about the sort of artwork that will be visible in this museum.

Abramovich’s other investment strategies for the NIH consist of the erection of commercial workplaces, retail spaces, hotels, eateries and colonnades.

Abramovich, who is associated with steel and investments entrepreneurship, is the previous Governor of the Russian region of Chukotka. Since the occupation of the proprietorship of the Chelsea FC by Abramovich, Chelsea has been a formidable team, which has been in the top 5 teams of the English Premier League, one of the superlative football competitions in the globe. He was at the 50th spot in Forbes’ 2010 catalog of billionaires.