Sir Richard Branson wealth-shames fellow billionaire Roman Abramovich

Roman Abramovich (credit: Mark Freeman via Wikipedia) and Richard Branson (credit: Chatham House via Wikipedia)

In an apparent wealth shaming rant, Sir Richard Branson threw shade at fellow one-percenter Roman Abramovich in a recent Collective Hub cover story aptly titled “Nevermind the Bollacks.”  Branson accused the Russian owner of the Chelsea Football Club of excessive spending that is both “sad” and “a waste of money.”

Branson’s financial slurs include, “He’s got six yachts which are just gigantic and you think, ‘What a waste of money,”” and “I think it’s sad when people make a lot of money and they want the biggest boat or the biggest car or the biggest plane.”

Abramovich, estimated to be worth $8 billion, owns one of the largest yachts in the world — the 536-foot “Eclipse”– a Boeing 767 and a multitude of properties globally. Branson, who Forbes estimates is worth about $5 billion, has equally impressive holdings, including a private island, a submarine and a sailing yacht.

However, Branson points out a key distinction: Abramovich should be using his vast wealth for more philanthropic endeavors.

“He could transform so many people’s lives if he put that money to good use,” explains Branson, who has personally donated billions to fight global warming, poverty in Africa and battling corruption around the world.

It appears, however, Branson may be a bit confused. Abramovich has given significantly to charity; CNBC notes that last week he was reported to be the largest donor to the “Fulfilling Dreams” charity, which paid for 55 children to travel from Israel to France to watch the Euro 2016 matches. [CNBC]