Remember meForgot password?
    Log in with Twitter

article imageRussian tycoon learns the cost of love — $4.5 billion

By Nathan Salant     May 20, 2014 in Lifestyle
Geneva - If he didn't have so much money, the divorce case probably would have come out differently. But he did -- and it didn't.
That's certainly no consolation for Russian Federation billionaire Dmitry Tybolovlev, who found out Monday that he must pay nearly half of his net worth -- estimated at $9 billion -- to his now ex-wife in their divorce.
Elena and Dmitry Rybolovlev were married for 23 years, according to Cable News Network (CNN).
The division of assets ruling awarding Elena $4.5 billion was handed down Monday in Geneva by Switzerland's Court of First Instance, CNN said.
The decision is likely to be appealed.
Dmitry Rybolovlev, 47, made his initial fortune as owner of Uralkali, Russia's top producer of potassium fertilizers, CNN said.
Dmitry Ryobolovlev sold his ownership stake in 2010 for $6.5 billion and was listed as the 148th richest man in the world by Forbes magazine.
The Ryobolovlevs had been involved in divorce proceedings since 2008, CNN said.
The size of the asset division is believed to be the biggest ever, many times more than the previous recordholders at more than $1 billion -- French art dealer Alec Wildenstein and Formula One racing tycoon Bernie Ecclestone, CNN said.
Dmitry Rybolovlev's assets include a $300 million penthouse in Monaco and a $98 million mansion in Palm Beach, Florida, formerly owned by Donald Trump, CNN said.
More about Russia, Tycoon, Divorce, Soccer, oligarch
More news from
Latest News
Top News