Every year Roman Abramovich holds a New Years Eve party to remember and this weekend’s will probably be no different.

The 45-year-old billionaire is well-known for his star-studded party which he holds on the Caribbean island of St Barts and it seems he’s already preparing for it.

Abramovich’s legendary party is already looking like it will be another unforgettable night as the businessman has reportedly secured the Red Hot Chili Peppers to perform at the event.

According to The Mirror, the four-piece rock band will belt out a series of their well-known hits to the 300 guests after the party kicks off at 10pm.

Previous artists who have been asked to play on the yacht include The Black Eyed Peas - who performed last year - and Prince and BeyoncГ© the year before.

Abramovich owns a ВЈ58million near Governors beach and has been known to spend up to ВЈ3million on his previous Hogmanay celebrations.

The party will be going until 4am where guests will enjoy drinks, a buffet and by the looks of it a very intimate gig with the Chili Peppers.