Behind every billionaire there is a story!

Billionaire Abramovich quits as Russia governor

 Russian billionaire Roman Abramovich quit as governor of a remote Arctic region, ending what analysts said was a deal with former President Vladimir Putin to give something back to the country that made him rich.Abramovich, owner of Britain’s Chelsea soccer club and ranked Russia’s second richest businessman by Forbes magazine, invested hundreds of millions of dollars in the desolate Far Eastern region of Chukotka since his election as governor in 2000.

Abramovich had made a promise to Putin to take on some civic responsibility after earning an enormous fortune in the chaotic 1990s, the analysts said.

Abramovich tried to step down in 2006 as governor of Chukotka but Putin insisted he stay on. The Kremlin said President Dmitry Medvedev had approved his resignation on Thursday after a request from Abramovich.

read the rest published by Reuters here:

http://today.reuters.co.uk/news/articlenews.asp