Friday, May 30, 2014
As I have previously discussed, the divorce of Russian billionaire Dmitry Rybolovlev and Elena Rybolovlev resulted in the highest award in a divorce proceeding in history. However, Elena has hit some snares in collecting her $4.8 billion divorce award. Much of Dmitry’s fortune is tied up in LLCs and trusts after selling his fertilizer business. It will be difficult for Elena to collect as she has to find the LLCs and trusts where the money went, which reportedly do not all have Dmitry’s name attached.
See Luisa Kroll, Trusts Make it Difficult for Billionaire’s Ex-Wife to Collect Record $4.8 Billion, Forbes, May 28, 2014.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.