Pages

Saturday, 26 July 2014

Monaco football club's owner must pay £2.6 BILLION in World record divorce settlement


Settlement: Rybolovlev must pay around half his entire fortune


Oligarch Dmitry Rybolovlev, 47, has to give Elena Rybolovleva, who was with him for 24 years, a very precise 4,020,555,987 Swiss francs and 20 centimes

The owner of Monaco football club has been ordered to pay a world record divorce settlement of more than £2.6 BILLION to his ex-wife.
Judges in Switzerland said Russian oligarch Dmitry Rybolovlev, 47, has to give Elena Rybolovleva, who was with him for 24 years, a very precise 4,020,555,987 Swiss francs and 20 centimes.
At current rates, that amounts to £2,681,297,538 and 78 pence - an estimate of half the Russian oligarch's entire fortune.
It follow a six-year legal saga in which Mr Rybolovlev, who made his billions through a fertiliser business, bitterly contested Ms Rybolovlev's claims to two of the most expensive properties in the USA and a £100m Greek island.
Now Mr Rybolovlev, who lives in Monaco, must pay the incredible sum to Geneva-based Ms Rybolovlev, although he can still appeal the ruling.
The settlement is far higher than the £1.5 billion paid by art heir Alec Wildenstein to his ex wife, Jocelyne.
Rupert Murdoch, the media mogul, was told to give his former wife, Anna, £1 billion in 1999.
Mr Rybolovlev, who is worth a conservative £5.2 billion, and his ex-wife have been at war over the terms of their divorce since 2008.
He is one of the small group of Russians who became fabulously wealthy during the post-Soviet privatisation of the economy and became known as oligarchs.
Mr Rybolovlev bought AS Monaco in December 2011 and is attempting to make the club as successful as Qatari-owned Paris Saint Germain.
Anna began divorce proceedings in 2008, winning a freeze on some of her husband's assets, which also include a stake in Bank of Cyprus and a Palm Beach, Florida home purchased from Donald Trump.
She later sued him in the United States, accusing him of trying to shield the Florida property from the divorce proceedings, along with a Manhattan penthouse.
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.

No comments:

Post a Comment