Jump to Main ContentJump to Primary Navigation
Top

Russian wife awarded £2.7 billion in highest ever divorce settlement

elena-hero.jpg

A billionaire’s wife, Elena Rybolovlev (pictured above), has been awarded a £2.7 billion divorce settlement after one of the messiest break-ups in history that has lasted over six years.

A Swiss court ordered Russian billionaire, Dmitry Rybolovlev, to fork over roughly £2.7 billion of his assets to his former wife, Elena.

That’s half of Dmitry’s immense fortune.

Elena’s lawyers have claimed the settlement was a huge victory for their client.

The world's 147th richest man according to Forbes, Dmitry, 47, had initially attempted to conceal the full extent of his assets via offshore ventures to avoid the large divorce payout.

Just when his marriage was falling apart with Elena, also 47 years old, Dmitry set up a separate trust under his 24-year-old daughter Ekaterina’s name.

Dmitry Rybolovlev with an unidentified women in April 2012

It was with this very trust that Dmitry bought a 66% stake in the Monaco Football Club, snapped up the Greek private island of Skorpios from the shipping heir Athina Onassis Roussel, and finally an apartment in New York City for whopping £52 million.

According to a statement by Elena’s lawyers, "the judgement shows that already that, for the Geneva Tribunal of First Instance, 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 ruling by the Geneva Tribunal - made public on Monday - also granted his ex-wife custody of the couple’s younger daughter Anna, 13.

It has taken six years for the settlement to be finalised in court.

Elena began divorce proceedings in Switzerland in 2008, winning a freeze on some of her husband’s assets including the majority ownership in AS Monaco, a stake in the Bank of Cyprus and a £56 million Palm Beach, Florida home.

She also later sued him the United States under the accusation that Dmitry was trying to shield his US properties from the divorce proceedings.

The settlement is an amount completely un-heard of for a Russian oligarch and across the world, making her richer than Formula One chief, Bernie Ecclestone.

Under the historic divorce payout, Dmitry is to give his former wife half of the property deeds to their two former homes in Geneva. It also orders him to hand over hugely valuable items of antique furniture and jewellery.

The couple met as university students in Perm, Russia and married in 1987. Dmitry amassed his immense fortune from potash mining, dubbing him with the nickname as "the fertilizer king."

It is expected that Dmitry will try to appeal the ruling, however, Elena’s camp have said they were confident the court decision would be upheld.

Words: Esther Hong, Images: Rex Features

Related

50833269.jpg

Hollywood's most heartbreaking divorces

hero-2.jpg

25 best movie break-ups

rexfeatures-3716544z.jpg

Newly single Chris Martin shares his reflections on love

long-distance-relationship.jpg

We’re having a long-distance marriage

church.jpg

Church Marriage Lessons Aren’t As Bad As I Thought They’d Be

daniell-gemma-bench.jpg

Gay marriage: "We owe it to those who went before us to say 'I do'"

Comments

More

MP brings House of Commons to tears telling of childhood rape

“Rapes happen because of the rapist, not because of the victim.”

by Amy Swales
09 Dec 2016

Craig Revel Horwood apologises for controversial rape comments

The BBC has been urged to sack the Strictly judge

by Kayleigh Dray
09 Dec 2016

Adele has been crowned 2016’s biggest Youtube star

Sorry vloggers.

by Amy Lewis
09 Dec 2016

The best A-list Instagrams from the week so far

Emily Ratajkowski steps in for Santa while Taylor Swift's cat shares the spotlight

by Nicola Colyer
09 Dec 2016

Kate Moss takes centre stage as Elvis Presley in new tribute

"Anything for Elvis"

by Amy Lewis
09 Dec 2016

Isla Fisher praises Donald Trump as an inspiration to “orange people”

The actress also mocked Melania Trump for plagiarising Michelle Obama’s speech.

by Moya Crockett
08 Dec 2016

Keira Knightley on daughter’s four-letter reaction to Trump victory

19-month-old Edie sums up our feelings perfectly.

by Amy Lewis
08 Dec 2016

Danish aid worker tops list of world’s most inspiring people

Anja Ringgren Lovén is saving the lives of abandoned children in Nigeria

by Sarah Biddlecombe
08 Dec 2016

Rihanna: “We don’t need to be putting black women against each other”

Ri-Ri responds perfectly to rumours that she’s been feuding with Beyoncé.

by Moya Crockett
08 Dec 2016

Lauren Graham – aka Lorelai Gilmore – on finding love with her co-star

The Gilmore Girls actor admits it was their love of reading that brought them together

by Kayleigh Dray
08 Dec 2016