Tags: 4 billion dollar | divorce | russian

$4.5 Billion Divorce for Russian Couple Is Largest Settlement in History

Wednesday, 21 May 2014 08:07 AM

By Nick Sanchez

The $4.5 billion divorce between Russian fertilizer tycoon Dmitry Rybolovlev and wife Elena Rybolovleva is being called the biggest divorce settlement in history.

According to MarketWatch, the divorce has come after a protracted six-year battle, the terms of which were made public on Monday.

In total, Elena Rybolovleva was awarded 4.0 billion francs (about $4.5 billion) from a court in Switzerland as well as custody of her and Dmitry's 13-year-old daughter. He has promised to appeal the ruling.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

By Forbes' latest count, Dmitry Rybolovlev was worth $8.8 billion before the settlement. He made the majority of his money, $6.5 billion, cashing out of his position as chairman of Uralkali, Russia’s largest producer of potassium fertilizers.

Elena began divorce proceedings in Palm Beach, Florida, in 2009, and Dmitry made his move to cash out in 2010.

Dmitry's laywer, Tetiana Bersheda, said the settlement was a win for his client, as many of the couple's assets were entered into trusts for their daughters, and remain untouchable for both parties.

"The transfer of property to heirs through the trust structures, in particular to the couple’s children, is therefore immune from legal challenge and is assured," he said after the ruling.

Among those assets are Donald Trump’s Palm Beach mansion, Maison de L’Amitie; a $88 million New York apartment; and a $20 million Hawaiian island purchased from rapper and actor Will Smith. Through the trusts, one of the couple's daughter — 25-year-old Ekaterina Rybolovleva — recently bought two Greek resort islands, Scorpios and Sparti, from the Onassis family's sole surviving descendant, 28-year-old Athina Onassis Roussel.

Urgent: Assess Your Heart Attack Risk in Minutes. Click Here.

Related Stories:

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Duke Dismisses Rasheed Sulaimon for Failing to 'Live Up to Standards'

Friday, 30 Jan 2015 09:47 AM

Duke dismissed junior guard Rasheed Sulaimon from its nationally ranked Blue Devils basketball squad this week, making h . . .

Mortal Kombat Conan O'Brien-Style: Super Brawl XLIX (Video)

Friday, 30 Jan 2015 09:18 AM

Late-night host Conan O'Brien invited Marshawn Lynch and Rob Gronkowski to face off for a few rounds of Mortal Kombat ah . . .

Donald Trump Gets Key to Fla. City for Hotel Project, Miss Universe Event

Friday, 30 Jan 2015 08:29 AM

Donald Trump will receive a Key to the City of Doral, Florida, just a few days after he helped bring the Miss Universe p . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved