People

Published: Wednesday May 21, 2014 MYT 3:35:00 PM
Updated: Wednesday May 21, 2014 MYT 1:10:45 PM

Most expensive divorce ever: Russian tycoon coughs up RM14.4bil

Expensive: Russian billionaire Dmitry Rybolovlev (left) was ordered by a court in Geneva to hand over about 4bil Swiss francs (RM14.4bil) to his wife Elena as the divorce settlement. If the amount actually goes through, it will be most expensive divorce ever.

Expensive: Russian billionaire Dmitry Rybolovlev (left) was ordered by a court in Geneva to hand over about 4bil Swiss francs (RM14.4bil) to his wife Elena as the divorce settlement. If the amount actually goes through, it will be most expensive divorce ever.

The wife of Russian tycoon Dmitry Rybolovlev won a 4bil Swiss francs (RM14.4bil) divorce settlement in a Geneva court, setting a record and halving his fortune.

After a six-year divorce battle, Elena Rybolovleva won 4,020,555,987.80 Swiss francs (RM14.4bil) and custody of the couple’s 13-year-old daughter, although her estranged husband can still appeal the ruling.

She began divorce proceedings in Switzerland in 2008, winning a freeze on some of her husband’s assets including majority ownership in French soccer club AS Monaco, a US$295mil stake in Bank of Cyprus, and a US$95mil Palm Beach, Florida home purchased from Donald Trump.

She later sued him in the US, accusing him of trying to shield the Florida property from the divorce proceedings, along with an US$88mil Manhattan penthouse bought from former Citigroup Inc Chief Executive Sanford “Sandy” Weill and his wife, Joan.

She also said her husband had used marital property to buy a multitude of other assets through a variety of trusts and limited liability companies, hoping to put those assets beyond her reach.

Last year, their elder daughter Ekaterina bought the Greek resort island of Skorpios, where shipping tycoon Aristotle Onassis married Jacqueline Kennedy in the 1960s. Ekaterina bought the island from Onassis’ sole surviving descendant, his 28-year-old granddaughter Athina Onassis Roussel. Ekaterina also bought an apartment in New York for US$88mil, the highest amount ever paid for a pad in the city. 

Not much is known about Ekaterina Rybolovlev (above left), elder daughter Dmitry and Elena, except that she's an equestrian enthusiast and big time shopper. Last year, she bought Skorpios (above right), an island in Greece, from Athina Onassis Roussel, the sole descendant of the Onassis family.  

Rybolovlev, who is resident in Monaco, made much of his fortune from the 2010 sale of his stake in fertiliser company Uralkali for US$6.5bil. – Reuters

Tags / Keywords: Lifestyle, People, Lifestyle, People, divorce, most expensive, Dmitry Rybolovlev, Elena Rybolovlev, Ekaterina Rybolovlev, Geneva, Switzerland

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