Billionaire Abramovich quits as Russia governor

MOSCOW (Reuters) - Russian billionaire Roman Abramovich, owner of Chelsea football club, has resigned as a regional governor in Russia, the Kremlin said on Thursday. The Kremlin's press service said Abramovich had asked to step down as governor of the Chukotka Autonomous District, a sparsely populated Russian region near Alaska, and this had been approved by President Dmitry Medvedev. Abramovich's spokesman confirmed the move, but declined immediate comment on the circumstances surrounding it. Abramovich, 41, is ranked by Forbes magazine as Russia's second wealthiest businessman with a reputed wealth of $23 billion (11.6 billion pounds), mainly held through his private investment vehicle Millhouse Capital. He moored his $300 million yacht in Russia's second city of St Petersburg while he attended an econonic forum there last... [read full story]                    

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