Friday, August 9, 2013

Ex-Wife Sues Russian Billionaire over Hawaii Property

Elena Rybolovleva has sued her estranged husband, Russian billionaire Dmitri Rybolovlev, in Hawaii over allegations that he had used a “sham” company to purchase a $20 million Kauai property in contravention of a freeze order issued by the Supreme Court of Switzerland. Last year, Rybolovleva sued Rybolovlev over his $88 million purchase of a penthouse in New York City, maintaining that her husband had purchased the apartment through a shell company, despite the Geneva court’s imposition of a provisional freeze on his shares and assets pending the completion of divorce proceedings. According to a Forbes profile, which listed his net worth as of March 2013 at $9.1 billion, Rybolovlev amassed much of his fortune through his stake in Russian fertilizer producer Uralkali, which he sold in 2006 for $6.5 billion.

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