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It is cheaper to keep her: Court Orders Man To give ex Wife $ 4.5 Billion in divorce settlement
It is cheaper to keep her: Court Orders Man To give ex Wife $ 4.5 Billion in divorce settlement

This man needs to apologise and berg for reconciliation.

Russian court has ordered one of its citizen to give his soon to be ex wife $4.5 billion in divorce settlement, making this the world’s most expensive divorce ever. The business insider reports.

 

On top of that, she will get property in Gstaad, Switzerland, worth 130.5 million francs ($146 million) and two other pieces of real estate in Geneva’s uber-wealthy area of Cologny, where the couple previously lived. The ex-wife gets custody of their 13-year-old daughter, Anna. The former husband and wife also have an adult daughter, Ekaterina.

According to her lawyer, Marc Bonnant, the judgment makes it “the most expensive divorce in history.” Under Swiss law the wife is entitled to half of the fortune the husband made during their marriage.

Dmitry Rybolovlev will appeal and his lawyer said that the judgment’s cash order would most likely be decreased.

“There will definitely be a new appellate review and therefore this judgment is not final given the existence of two levels of appeal in Switzerland,” said Tetiana Bersheda.

The husband is contesting because most of his fortune was moved to Cyprus-based trusts in 2005, and thus not under Geneva’s jurisdiction.

“His ex-wife had demanded $6 billion from the man known as the ‘fertilizer king,’ whose fortune from potash mining once made him the world’s 79th richest person. He is now ranked 147th on the Forbes list of billionaires, with an estimated fortune of $8.8 billion,” reports Business Insider.

The two, both 47, met as college students in Perm, Russia, and married there in 1987. The divorce has been dragging out since 2008, when Forbes estimated his worth at $12.8 billion. His assets had been provisionally frozen by a Geneva court in Switzerland and abroad. It may be difficult for Rybolovleva to get the money as Switzerland has no legal aid treaty with Cyprus.

Also, Rybolovlev and his daughter Ekaterina used trusts to buy up some of the priciest real estate in the United States.

 

 

 

 

 

 





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