Thursday, 22 October 2015

Russian billionaire's split from his wife is finalised a year after she was awarded half of his £5.5billion fortune

Russian billionaire Dmitry Rybolovlev
Dmitry Rybolovlev
A Russian oligarch's divorce dubbed the world's most expensive break up has been finalised a year after he was ordered to pay his disgruntled ex-wife a remarkable £2.9bn ($4.5bn).

Russian billionaire Dmitry Rybolovlev and his ex-wife Elena yesterday announced they had reached a deal to settle their divorce, following a messy eight-year legal battle.

The very public and bitter feud brought to light accusations of his infidelity on yacht parties and attempts to 'hide' assets - including Greek islands and New York properties - out of her reach. 

Finally In May last year, a Swiss court awarded Elena Rybolovlev £2.9bn - just over half of her former husband's £5.5bn ($8.5bn) fortune.

However, on appeal this was stripped down to just £390million ($603m).
Left with a final option of going to the Supreme Court, the pair, both aged 48, have announced an out of court settlement, with the exact figure agreed upon unknown. 

According to the latest Forbes billionaires list, he is the world's 165th richest man and the 14th richest person in Russia.






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