'Most Expensive Divorce in History' Ordered

Russian tycoon has to pay ex-wife $4.5B
By Rob Quinn,  Newser Staff
Posted May 20, 2014 3:30 AM CDT
Dmitry Rybolovlev reacts after receiving a gift from Prince Albert II of Monaco. It's not clear whether he'll get to keep it.   (AP Photo/Lionel Cironneau)
camera-icon View 1 more image

(Newser) – Dmitry Rybolovlev, the Russian oligarch so wealthy that his daughter Ekaterina bought New York City's most expensive apartment to use when she visits the city, is about to lose a huge chunk of his riches. After a six-year legal battle, a Swiss court has ordered the billionaire to give half his fortune, roughly $4.5 billion, to his ex-wife Elena, reports the BBC. One of her lawyers described the settlement as "the most expensive divorce in history."

Rybolovlev, who made his fortune in the fertilizer industry, is ranked 147th on the Forbes rich list. Elena was also awarded custody of the couple's other daughter, 13-year-old Anna. The couple, both 47 years old, were married for 23 years and the court decided that she was entitled to half the money he made during that time, much of which was transferred into offshore trusts. Elena's lawyers say the ruling shows "no one—not even a Russian tycoon who put his fabulous fortune into legal structures such as trusts and offshore companies—is above the law," the AP reports. (Read more divorce stories.)

My Take on This Story
Show results without voting  |