On Saturday night, Roman Abramovich opened his French Caribbean paradise, the 70-acre Gouverneur Bay Estate, to 400 guests for a New Year’s Eve party.

The Russian oligarch’s guests were informed to dress “island chic.” and were treated to a show from Red Hot Chili Peppers, a buffet and a DJ.

This party cost a reported $5 million and attracted a host of big-names including Rupert Murdoch, George Lucas, Marc Jacobs, Martha Stewart, Mischa Barton, Harvey Weinstein, Georgina Chapman and Jimmy Buffett.

Russian billionaire Roman Abramovich is reportedly flying in the Black Eyed Peas to perform at his New Year’s Eve party in St Bart’s, the Telegraph reports.

The Russian billionaire owns a $90 million, 70-acre estate on the Caribbean island and the hip hop band will perform for guests seeing in 2011 there.

His estate in St Bart’s, which is situated on a lush hillside, includes swimming pools, pavilions and bungalows with ocean views for guests.

Russian billionaire Roman Abramovich will be hosting what promises to be one of the most extravagant bashes anywhere to see in the new decade.

He and his girlfriend Daria Zhukova, are expected to spend up to $4.8m on a beach party for 250 people on the Caribbean resort island of Saint Barthélemy.

The London Times reports that the singer Prince is to perform for them for a fee said to be $760,000.

Roman Abramovich, has spent $89million on a luxurious Caribbean estate in one of the most expensive private home sales of all time.

According to the Wall Street Journal, the property has Balinese bungalows with ocean views, tennis courts, swimming pools and music and dining pavilions.

“It’s very open bungalows, and it’s like you’re basically living on a beach,” the former owner says.