Richard Branson calls out Roman Abramovich for his 'lavish spending'

British billionaire businessman, Richard Branson, 65, says it makes him 'sad' to see the super rich spending lavishly without thinking of the poor. Speaking in the upcoming issue of Collective Hub, he took a swipe at Chelsea FC owner, Roman Abramovich.

'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,' Branson said. 'If they would only realise that happiness comes from people and your family and friends. You know, one or two toys is okay but not that sort of ever-searching… like what’s-his-name, the guy that owns Chelsea (Football Club).

'He’s got six yachts which are just gigantic and you think, "What a waste of money". He could transform so many people’s lives if he put that money to good use. But anyway…'

The Russian billionaire who owns yachts worth an estimated $3billion is yet to respond.