Friday, May 23, 2014
Russian oligarch Dmitry Rybolovlev is set to lose half his wealth after being ordered to pay his former wife $4.5 billion in a settlement dubbed the "most expensive divorce in history."
Elena Rybolovleva's lawyer Marc Bonnant said the order from a Geneva court was unprecedented, and "this record judgment is a complete victory."
However, Rybolovlev's spokesman Sergey Chernitsyn said the divorce was still a "win" for the oligarch. The two had been battling over the settlement for six years, after Elena Rybolovleva, the oligarch's wife of 23 years, filed for divorce.
Rybolovlev's total wealth is estimated at $8.8 billion, according to the 2014 Forbes list of billionaires.
Read more here.