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Russian billionaire Rybolovlev told to pay ex-wife $4.5bn | Russian billionaire Rybolovlev told to pay ex-wife $4.5bn |
(about 9 hours later) | |
A Russian billionaire has been ordered to pay more than 4bn Swiss francs (£2.7bn; $4.5bn) to his ex-wife to settle a six-year divorce battle. | A Russian billionaire has been ordered to pay more than 4bn Swiss francs (£2.7bn; $4.5bn) to his ex-wife to settle a six-year divorce battle. |
The Geneva court's verdict means Dmitry Rybolovlev, the owner of French football team AS Monaco, will lose around half of his estimated fortune. | The Geneva court's verdict means Dmitry Rybolovlev, the owner of French football team AS Monaco, will lose around half of his estimated fortune. |
Elena Rybolovleva has been fighting over the divorce terms since 2008. | Elena Rybolovleva has been fighting over the divorce terms since 2008. |
Mr Rybolovlev, known as the "fertiliser king," made his money in mining potash, used in agricultural fertilisers. | Mr Rybolovlev, known as the "fertiliser king," made his money in mining potash, used in agricultural fertilisers. |
His ex-wife's lawyer called the settlement "the most expensive divorce in history". | His ex-wife's lawyer called the settlement "the most expensive divorce in history". |
Ms Rybolovleva was also reported to have won custody of the couple's 13-year-old daughter Anna. They have another daughter - Ekaterina, a 25-year-old showjumper. | Ms Rybolovleva was also reported to have won custody of the couple's 13-year-old daughter Anna. They have another daughter - Ekaterina, a 25-year-old showjumper. |
Mr Rybolovlev's lawyer did not comment but the judgement can go to appeal. | |
The couple, who wed in Cyprus, were married for 23 years. | The couple, who wed in Cyprus, were married for 23 years. |
Forbes values the businessman's fortune at $8.8bn, making him the world's 79th richest person. | Forbes values the businessman's fortune at $8.8bn, making him the world's 79th richest person. |
Mr Rybolovlev bought AS Monaco Football Club in December 2011 and has spent millions on high-profile players in a battle against Qatari-owned club Paris Saint-Germain. | Mr Rybolovlev bought AS Monaco Football Club in December 2011 and has spent millions on high-profile players in a battle against Qatari-owned club Paris Saint-Germain. |
Although his club is based in the tiny principality of Monaco, it plays in the top football league of neighbouring France, finishing runner-up to the Paris club this season. | Although his club is based in the tiny principality of Monaco, it plays in the top football league of neighbouring France, finishing runner-up to the Paris club this season. |
The billionaire lives in Monaco but has an extensive network of properties around the world. | The billionaire lives in Monaco but has an extensive network of properties around the world. |
He owns an estate in the southern French resort of Saint Tropez, a Greek island, a home in Miami previously owned by US businessman Donald Trump, and a villa in Hawaii bought from Hollywood star Will Smith. | He owns an estate in the southern French resort of Saint Tropez, a Greek island, a home in Miami previously owned by US businessman Donald Trump, and a villa in Hawaii bought from Hollywood star Will Smith. |