Russian oligarch ordered to pay $4.5 billion in divorce
Dmitry Rybolovlev has vowed to fight the order, which his wife's lawyer calls the 'most expensive divorce in history.'
This post comes from Carla Mozée at partner site MarketWatch.
It's an amount that could cover Credit Suisse's $2.6 billion settlement to the U.S. Justice Department after the Swiss bank admitted to conspiring to aid tax evasion.
But 2.7 billion pounds, or $4.5 billion, is the amount that a Russian oligarch, Dmitry Rybolovlev, has been ordered to pay to his ex-wife in what her lawyer, Marc Bonnant, reportedly called the "most expensive divorce in history."
Rybolovlev's lawyer said he plans to fight the judgement that was handed down in Switzerland, which on Monday was made public. The order comes after a six-year court battle between Rybolovlev and his ex-wife, Elena Rybolovleva.
The two had been married for 23 years. Elena Rybolovleva had reportedly sought claims to pricey properties around the world, including the Greek island of Skorpios that Rybolovlev purchased for £100 million for one of his daughters.
Rybolovlev, 47, built his fortune – listed by Forbes at $8.8 billion – in the fertilizer business, and was the former owner of fertilizer company Uralkali, which has a listing on the London Stock Exchange. Rybolovlev now owns French soccer club AS Monaco.
If the judgement is upheld, that would outstrip the size of the $2.5 billion divorce settlement between French art dealer Alec Wildenstein and his ex-wife, Jocelyn, as well as the $1.7 billion that cost media mogul Rupert Murdoch in his 1998 divorce from his second wife, Anna. (Murdoch is the chairman of News Corp., which owns MarketWatch, the publisher of this report.)
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