Oligarch Roman Abramovich's $50 million Colorado mansion could become a sanctions target

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Oligarch Roman Abramovich's $50 million Colorado mansion could become a sanctions target
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A Rocky Mountain mansion owned by Russian oligarch Roman Abramovich would likely be among the first assets frozen by the U.S. government if he is sanctioned.

Among Abramovich's many global real-estate trophies is a 14,000-square-foot modern mega-home on 200 acres in Snowmass, Colorado, just outside of Aspen.Courtesy: Pitkin County Assessor

Among Abramovich's many global real-estate trophies is a 14,000-square-foot modern mega-home on 200 acres in Snowmass, Colorado, just outside of Aspen. The Russian billionaire, whose yacht fleet, soccer team and giant homes in London, France and St. Bart's gave him a high profile in the West, bought the property in 2008 for $36.5 million.

Abramovich also owns a 5,500-square-foot chalet-style home in Snowmass Village, which he purchased in 2008 for $11.8 million, according to local property records. The property, just down the road from his bigger home, likely serves as a guest house, caretaker's house or ski house, since it's next to the slopes, local brokers say.

Most U.S. real-estate owned by Russian billionaires and oligarchs is held through anonymous shell companies or LLCs to hide their true ownership. Many oligarchs also transferred their U.S. properties in recent years to relatives or associates. Oleg Deripaska has transferred his U.S. real estate, including two townhouses in Manhattan and a home in Washington, D.C., to relatives. Abramovich transferred ownership of three Manhattan townhouses to his ex-wife Dasha Zhukova in 2018.

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