Dmitry Yevgenyevich Rybolovlev ( russian : Дмитрий Евгеньевич Рыболовлев ; russian pronunciation : [ ˈdmʲitrʲɪj ɪvˈɡʲenʲjɪvʲɪtɕ rɨbɐˈɫovlʲɪf ] ; born 22 November 1966 ) is a russian businessman and investor. Rybolovlev owned the potash manufacturer Uralkali and, in 2011, became the President of Monaco ‘s football club AS Monaco. [ 3 ] He has two daughters, Ekaterina and Anna Rybolovleva. [ 4 ] As of July 2021, Rybolovlev is ranked 391st on Forbes ‘s list of billionaires with a net income worth of $ 6.7 billion. [ 5 ] [ 6 ] He is one of the alleged victims of Swiss artwork conveyer belt Yves Bouvier as part of The Bouvier Affair .
early on business career [edit ]
Dmitry Rybolovlev entered the business global in 1990 after graduating with honors from the Perm Medical Institute, [ 7 ] when he first started working as a sophisticate but then decided to engage in business. [ 8 ]
Reading: Dmitry Rybolovlev
While in his third year in checkup school, he married Elena, a companion student, and in 1989 his eldest daughter, Ekaterina, was born. [ 8 ] Because a doctor ‘s income was not adequate to support a syndicate in the final years of the Soviet Union, Rybolovlev began his foremost business project, a small checkup enterprise that served the workers of local factories he set up together with his father, a professor of medicine. [ 9 ] [ 10 ] [ 11 ] Rybolovlev earned his first million dollars by reselling products, which the factories used to pay for in services rather than cash as was then a coarse drill in Russia. [ 12 ] In 1992 Rybolovlev went to Moscow to take a business course and received a brokerage house license from the russian Ministry of Finance, one of the beginning in russian and the first in the Perm region, which permitted him to trade and deal with securities. [ 8 ] Upon his reelect to Perm, he founded a brokerage house and investment company and started buying up shares of local enterprises such as Uralkali, Silvinit, Azot, Metafrax, Solikamskbumprom. [ 8 ]
Development of Uralkali [edit ]
In early 1994, Rybolovlev persuaded directors of these and some other enterprises to establish a bank, which he headed. [ 8 ] He later decided to concentrate on two assets, Uralkali and Silvinit, given that the russian potash diligence was underdeveloped at the fourth dimension ascribable to the lack of interest from investors, unlike in the anoint and gas sectors. additionally, no one had been able to acquire controlling stakes in the industry ‘s firms. [ 9 ] In 1993 to 1995, Rybolovlev ‘s portfolio included securities of Uralkali, Silvinit, Metafrax and Neftekhimik. [ 9 ] These companies jointly developed the Verkhnekamskoye potash down payment, one of the world ‘s largest deposits. [ 9 ] The violent nature of capital collection in early to mid-1990s Russia, including in the nation ‘s industrially develop regions like the Perm Krai, gave raise to crimson criminals battling over control of companies and imposing “ auspices ” fees on businesses. [ 13 ] [ 14 ] Refusing to cooperate with criminal gangs, Rybolovlev was forced to hire a bodyguard in 1993 before moving his class to base hit in Switzerland in 1995. He besides assigned bodyguards to all the directors of his enterprises, with only one, Evgeny Panteleimonov, director of Neftekhimik, refusing to accept. [ 13 ] [ 15 ] [ 9 ] together with Rybolovlev, he had insisted on stopping the provide of the company ‘s products through a mafia-controlled straw tauten, “ Trade House FD ”. That same year, Evgeny Panteleimonov was killed at the doorsill of his sign of the zodiac. [ 16 ] [ 9 ] A local gangster Oleg Lomakin, who turned out to be the organizer of the murder and who was detained in April 1996 accused Rybolovlev of being behind the murder ( in order to get a lighter sentence ), leading to Rybolovlev being arrested and spending 11 months in pretrial detention. [ 16 ] [ 9 ] Oleg Lomakin finally withdrew his testimony, and, together with two accomplices, was sentenced to 15 years in prison for the mangle of Panteleimonov. [ 9 ] The pronounce concluded that the gangsters had killed the film director of the company for breaking off relations with “ Trade House FD ”. [ 9 ] In 1997 Rybolovlev was acquitted by courts of law at three levels, including the presidium of the Supreme Court of the russian Federation. In media reports, Rybolovlev stated that he was extorted in jail to sell the shares of his ship’s company in rally for his exemption, but had refused. [ 9 ]
Growth and IPO [edit ]
Over the following 15 years Rybolovlev focused on developing Uralkali and finally built it into a major global enterprise. [ 17 ] According to the Russian occupation newspaper Vedomosti, by 2000 he had consolidated his controlling pastime in the caller and begun to reform and develop it. [ citation needed ] While in 2000 the capitalization of Uralkali was no more than $ 15 million, in merely eight years it reached $ 20 billion. [ 9 ] While the overall market mentality for mineral fertilizers improved over this clock time, reforms made under Rybolovlev ‘s leadership played an authoritative function in transforming a soviet earned run average enterprise into a cosmopolitan industry drawing card. [ 9 ] In 2000, Rybolovlev replaced the entire management of Uralkali was replaced, setting an addition in labor movement productivity as a identify indicator, and as a consequence, the indicator increased by 2.5 times in the period from 2000 to 2007. [ 9 ] Following this rapid growth throughout the early 2000s, in 2002 Uralkali built the Baltic Bulk Terminal in St. Petersburg port as its own ecstasy hub, providing the company with a high-tech universal transshipment building complex for mineral fertilizers, and thereby improving logistics capabilities. [ 18 ] [ 19 ] In 2005, the largest Uralkali and belarusian potash producer Belaruskali combined their deal flows via a individual trader, theBelarusian Potash Company ( BPC ), of which Rybolovlev became foreman executive. [ 20 ] There were plans to float Uralkali on the London Stock Exchange in 2006, but Rybolovlev canceled the list after the club book had already been closed because he considered the party ‘s valuation by investors to be unfairly low. [ 21 ] As it would soon show, the decisiveness turned out to be correct in many respects, since merely a few days after the cancellation of the IPO, a major accident occurred at one of Uralkali ‘s mines. [ 22 ] Uralkali ‘s IPO ultimately went ahead in 2007, making it one of the most successful in the history of russian business. [ 23 ] For 14.38 % of shares Uralkali raised about $ 1 billion, with demand for shares exceeding add by 23 times. [ 24 ] The number attracted major international investors due to the company ‘s strong fiscal results and proved to be a pivot point for the traditionally closed off russian chemical industry, setting new standards for corporate government transparency. [ 25 ] In June 2010, Rybolovlev sold a 53 % shareholding in Uralkali to a group of russian investors : Kaliha Finance Limited ( Suleiman Kerimov, 25 % ), Aerellia Investments Limited ( Alexander Nesis, 15 % ) and Becounioco Holdings Limited ( Filaret Galchev, 13.2 % ). [ 26 ] [ 27 ] The transaction price was not disclosed, but was reported to be around $ 5.3 billion. [ 28 ] In December 2010, Uralkali bought a 20 % stake in Silvinit for $ 1.4 billion from Rybolovlev. [ 29 ] [ 30 ] The fusion was finalized in July 2011, after Rybolovlev had sold the remaining shares of Uralkali. [ 31 ]
Berezniki mine crumble [edit ]
In October 2006, a fresh water spring began flowing into one of Uralkali ‘s mines under the city of Berezniki, leading the walls and pillars supporting the ceilings of large caverns to dissolve. [ 32 ] There were attempts to keep the mine operable, but Rybolovlev decided to close it to avoid fatalities. [ 33 ] As a leave, mining equipment worth tens of millions of dollars and unexploited reserves of potash ore remained belowground, but human casualties were avoided. [ 33 ] As a result of the mine ‘s collapse, big sinkholes appeared around the mine and in the city of Berezniki, forcing some 12,000 residents to evacuate their homes. [ 34 ] New sinkholes continue to appear regularly throughout the Perm region though it is not clear whether all of them are caused by mine activities. [ 35 ] The causes of the accident were investigated by commissions of Rostekhnadzor, the Ministry of Emergencies and the Ministry of Natural Resources. The probe concluded that the accident occurred for geological reasons, specifically a “ previously unknown anomaly of geological structure ”. [ 36 ] Then-head of the Ministry of Emergency Situations Sergei Shoygu said that “ the site that we have nowadays has been accumulating for decades. There are mistakes, including wartime, when very active and, possibly, not very cautious works were performed ”. [ 37 ] The neutrality of the committee ‘s report has been challenged by some observers, who argued that the report was partially written by OAO Galurgia, a caller affiliated to Uralkali. [ 38 ] Some russian sources claimed that Uralkali failed to undertake all the necessity work in order to fill the holes in the mines, which may have directly caused the appearance of the sinkholes. [ 38 ] Uralkali repeatedly denied the allegations, with russian economic newspaper Kommersant report that the ship’s company ‘s experts carried out the backfilling of the mines based on the technical projects and mining operations plans in the volumes necessity to ensure the safety of existing mines. [ 39 ] When Rybolovlev became a stockholder in Uralkali, the company began to actively engage in backfilling the voids inherited from the Soviet era. More than 70 % of the financing was provided by Uralkali, the rest came from the federal budget. [ 40 ] A report in The New York Times suggested that the situation was partially caused by the fact that Berezniki began as a soviet department of labor camp, and was built immediately over the mine to be within marching distance of employment areas. [ 41 ] In October 2008, russian Vice Premier Igor Sechin reopened the investigation, prompting speculation in international news program outlets, including The New York Times, that a plunderer attack had been launched against Uralkali. [ 42 ] The results of this investigation turned out to be about identical to the conclusion of the foremost investigation, namely that the cause of the accident was a combination of geological and technological factors. [ 43 ] In December 2008, Uralkali pledged to pay $ 218 million to the russian government as compensation for costs incurred by the mine break down. [ 44 ] In February 2009, the company agreed to a payment of $ 71.8 million to the Perm region. [ 45 ]
investment in Bank of Cyprus [edit ]
In September 2010, Rybolovlev bought a 9.7 % stake in Cyprus largest bank, Bank of Cyprus. [ 46 ] Rybolovlev ‘s investing in Bank of Cyprus followed meaning fiscal dealings in the area. Following the state ‘s deep recess, on 25 March 2013 the Eurogroup agreed with the government of Cyprus that the Bank of Cyprus would take over the remnants of Laiki Bank. To finance the deal and save Bank of Cyprus from bankruptcy, it was besides decided that accounts over €100,000 would suffer a haircut on their assets of about 50 %, which by and large wiped out Rybolovlev ‘s stake and ended his interest in the Bank with a $ 600 million loss. [ 47 ] In 2012, he acquired Cypriot citizenship upon becoming an investor in Bank of Cyprus. [ 48 ]
AS Monaco [edit ]
The nine arches of the Stade Louis II in Fontvieille. Rybolovlev relocated to Monaco in 2010 and in December 2011, a trust acting on behalf of Rybolovlev ‘s daughter Ekaterina, bought a 66 % stake in the Monegasque association football club AS Monaco FC. [ 49 ] [ 50 ] The cabaret was in a bad express at the fourth dimension, playing at the bottom of the french second league and highly in debt, and the Monaco Palace was looking for an investor to improve the club ‘s prospects. [ 51 ] According to french media reports, Ryboloblev acquired the club for a symbolic €1, but with a commitment to invest at least €100 million ( $ 129.4 million ) into the club over the next four years. [ 52 ] [ 53 ] The remaining 33 % impale in the cabaret is owned by Monaco ‘s rule class, the House of Grimaldi, with Rybolovlev ‘s learning of the stake in the club approved by Prince Albert II of Monaco. Dmitry Rybolovlev was subsequently appointed president of the united states of the club. [ 49 ] Though historically Monaco is one of France ‘s most successful clubs, they were struggling at the time of Rybolovlev ‘s arrival, and had been relegated to the second tier of french football, Ligue 2. Étienne Franzi, AS Monaco ‘s former president, and the DNCG, the french football authority, both gave positive assessments of the golf club ‘s advance after Rybolovlev ‘s first year of ownership in December 2012. [ 54 ] In May 2013, Monaco was promoted to Ligue 1 after securing the second division title. Monaco became one of the most portentous spenders in european football in the summer of 2013 under Rybolovlev ‘s presidency, spending £ 146 million on players including Radamel Falcao, James Rodríguez and João Moutinho. Ricardo Carvalho and Eric Abidal were besides signed on dislodge transfers with large salaries. [ 49 ] [ 55 ] In January 2014, Monaco agreed to pay the governing body of french football, the Ligue de Football Professionnel ( LFP ), a one-off volunteer requital of € 50 million to remain nontaxable from a rule by the LFP that its clubs must have their mind offices located in France. Based in the tax haven of Monaco, the clubhouse managed to avoid the effects of tax increases in neighboring France. Rybolovlev and the head of the french league, Noël Le Graët, had initially failed to find an agreement over the matter and Rybolovlev had initiated legal military action against the league which was later dropped. The €50 million calculate was calculated by the league as the amount saved by Monaco a result of their unique location. [ 49 ] [ 56 ] Rodríguez and Falcao subsequently left Monaco in the summer of 2014, the latter leaving on lend to Manchester United and Chelsea ( returning to Monaco in 2016 [ 57 ] ) and the erstwhile being sold to Real Madrid for about double the transfer fee Monaco had paid Porto for his services one year prior. [ 58 ] The transfers were explained by Monaco ‘s frailty president Vadim Vasilyev as character of a new scheme. He stated that “ There are two ways to go … One is either you invest a lot of money and do it promptly, the other is you build up an intelligent project and you have to base yourself on your academy and sound principles of working and scouting well and basically that ‘s what we ‘ve decided to do. ” [ 49 ] The passing of star topology players and a refuse in spend was besides attributed by Vasilyev to the introduction of the UEFA Financial Fair Play Regulations and the vector sum terror of sanctions. Vasilyev said in an interview that Rybolovlev had told him that he was “ … already investing big money and if the cabaret has to pay fines over and on top of that, this is something that is truly not on. This in truth goes against any coarse feel ”. [ 55 ] In a March 2015 consultation with Nice Matin, Rybolovlev re-iterated his long-run committedness to the clubhouse and besides expressed his joy at Monaco ‘s successes since his arrival. [ 59 ] In 2017, Monaco enjoyed its most successful season however, winning the french Ligue 1 deed and reaching the semi-final of the european Champions League. [ 60 ] Reflecting on the baseball club ‘s unexpected success, The Independent wrote that “ Monaco ‘s policy of buying low and selling high has made the cabaret a true Champion ‘s League baron at last ” and called Monaco as “ one of the best run clubs in Europe ”. [ 60 ] In July 2018, media reported that Rybolovlev was a potential buyer of taiwanese businessman Li Yonghong ‘s impale in AC Milan, but the deal did n’t materialize. [ 61 ] Rybolovlev ‘s son-in-law, big Uruguayan businessman Juan Sartori, is an owner of a 20 % stake in England ‘s Sunderland AFC. Following an abortive originate to the 2018–2019 season, the club in October 2018 formally announced the passing of its head coach, Leonardo Jardim. [ 62 ] On 13 October, the golf club confirmed Thierry Henry as the new head passenger car until 2021. [ 63 ] On January 25, Henry was sacked after only 20 matches, of which only five ended in victory. He was replaced with his predecessor Jardim. [ 64 ] In July 2020, early Bayern bus Niko Kovac became AS Monaco ‘s newly coach, replacing Robert Moreno. [ 65 ] On 16 January 2019, AS Monaco announced a €55 million investment into a post newly “ Centre for sporting excellence ” that is planned to include three football fields in addition to a fitness and medical concentrate. The investing will besides include renovations on the Louis II stadium and the structure of a dormitory for the baseball club ‘s youth academy. The centre is slated to be operational by the 2020–2021 season. [ 66 ] It was announced in October 2020 that club president Dmitry Rybolovlev would make a personal contribution to help rebuild the pitch of Saint-Martin-Vésubie, which was destroyed during storm Alex. [ 67 ] According to wardrobe reports, the contribution follows a letter written by two local anesthetic boys to Rybolovlev asking for fiscal avail in the matter. Though not confirmed, the contribution would amount to 250,000 Euros. [ 68 ] [ 69 ]
philanthropy [edit ]
Rybolovlev provided fiscal aid to the reconstruction of Saint Petersburg ‘s Oranienbaum Palace, a well as to the restoration of the Conception Convent ( besides known as Zachatyevsky Monastery ) in Moscow. [ 70 ] He donated €17.5 million for the re-building of the Cathedral of Nativity of Theotokos in Moscow, and was involved in the restoration of respective icon paintings in the Cathedral of Exaltation of the Cross recreated in Belogorsk Saint Nicolas Monastery. [ 70 ] Rybolovlev is besides involved in the construction of the russian Orthodox Church of St. Nicholas in Limassol, Cyprus, for estimated project costs of €5 million. [ 71 ] [ 72 ] With a size of 1050 m2, the church service is expected to host 500 to 600 people once the constructions are completed. [ 70 ] Rybolovlev is besides involved in Les Arts Gstaad, a newly cultural center dedicated to music, arts and literature in the swiss town Gstaad. [ 73 ]
Controversies [edit ]
befoulment of Kama river [edit ]
In June 2012, Green Patrol, a russian environmental NGO, listed Uralkali as one of the top 100 polluters in Russia, based on information gathered during the previous years. [ 74 ] An expedition organized into the Perm Krai by the lapp NGO in 2010, when Rybolovlev was even the company ‘s owner, revealed that Uralkali ‘s sinks contained at least 16 harmful elements ( including zinc and ammonium ), exceeding the maximum permissible levels by 1,850 times. [ 75 ] According to Green Patrol ‘s President Roman Pukalov, Uralkali failed to fully disclose a dispatch list of harmful elements that it routinely ejected into the local river Kama. He described Kama body of water as “ very pollute ”, declaring that little rivers around Berezniki had in fact turned into brine. [ 76 ] furthermore, Uralkali ‘s environmental spend under Rybolovlev was exceptionally low. [ 77 ]
Panama Papers scandal [edit ]
In April 2016, it was alleged by the International Consortium of Investigative Journalists ( ICIJ ) [ 78 ] that Rybolovlev used a company registered in the Virgin Islands to hide art from his erstwhile wife Elena during their divorce go. [ 79 ] Rybolovlev ‘s habit of offshore companies was described as a “ casebook exemplar of the length rich people go to protect their considerable wealth in case of a marital dissolution ” by the Süddeutsche Zeitung. [ 80 ] however, subsequent media reports noted that the offshore structures established by the Rybolovlev family trust pre-dated the disassociate proceedings by respective years. furthermore, the family believe had publicly disclosed the companies as owners of the art works retentive before the Panama Papers report was published, a fact that the original Panama Papers report had omitted. [ 81 ]
dismissal of Georgi Bedjamov [edit ]
Georgi Bedjamov, President of the Federation of Bobsleigh and Skeleton of Russia and former co-owner of Vneshprombank, was arrested in March 2016 in Monaco after an international halt guarantee was issued against him by the russian authorities on charges of deceitful bankruptcy and embezzlement. Bedjamov was liberated in July 2016 by the Prince, a decision that was late confirmed by the Monaco Appeal Court. [ 82 ] russian sources alleged that Dmitry Rybolovlev helped Georgi Bedjamov scat Russian authorities, [ 83 ] [ 84 ] but Rybolovlev denied these claims in an consultation to the french newspaper Le Parisien in late October 2016. [ 85 ] [ 86 ]
In December 2016 the Football Leaks scandal revealed that Rybolovlev and football agent Jorge Mendes had set up a secret system to illegally buy players ‘ shares. Using a Cyprus-based offshore investment fund named Browsefish Limited, Rybolovlev manipulated the price of his own players through third-party ownerships ( TPO ). [ 87 ] Rybolovlev resorted to the use of offshore companies to hide his identity, as TPO ‘s are illegal in Europe. [ 88 ] Investigations revealed for example that football player Fabinho was already 48.5 % owned by Rybolovlev when he was loaned to AS Monaco by Rio Ave F.C. [ 89 ] [ 88 ] AS Monaco denied these allegations and that such a schema was ever put into place, arguing that reports published in the french and european press to the contrary “ control fake data and many inaccuracies. ” [ 90 ] [ 91 ] [ 92 ]
property [edit ]
The Maison de L’Amitié in Palm Beach, Florida. Trusts in the name of his Rybolovlev ‘s daughter, Ekaterina, have made several significant property purchases around the world since 2008. The trusts have bought properties in Florida, Hawaii, New York City, Monaco, american samoa well as two islands in Greece. Rybolovlev besides owns an estate in Saint-Tropez on the Cote d’Azur in the south of France, houses in Gstaad, Switzerland, and used to own property in Geneva and Paris with his former wife. [ 93 ] [ 94 ] [ 95 ] In 2013, the place purchases were contested by Rybolovlev ‘s wife, Elena Rybolovleva, during the match ‘s divorce proceedings. [ 96 ]
United States [edit ]
Florida [edit ]
The New York Times reported that in 2008, Rybolovlev and his wife made house-hunting trips to New York City and aimed to buy their foremost property in the US, eyeing an apartment at 15 Central Park West, but the seller finally withdrew from the deal. [ 97 ] Rybolovlev subsequently looked to Florida, where american businessman Donald Trump was selling a 6 acres Palm Beach residency at the slide of the Atlantic Ocean. [ 97 ] In 2008, Ekaterina Rybolovlev ‘s trust bought the 18-bedroom Maison de L’Amitie in Palm Beach, Florida, from the american businessman Donald Trump. [ 94 ] [ 98 ] Amidst concerns during his campaign about rubbing shoulders with russian officials, Trump has claimed that the sale of Maison de L’Amitié, which he purchased for $ 40 million in 2004 and sold to Rybolovlev for $ 95 million, is the only consider he has done with a russian. [ 99 ] In February 2018, Oregon Senator Ron Wyden wrote to the US Treasury Department to request records on the leverage of the property. however, a spokesman for the Rybolovev syndicate reiterated that the deal has long been publicly scrutinized since it was announced over a ten ago. [ 100 ] As of February 2018, the trust ‘s investment in the place looked on chase to yield a significant return. [ 101 ] In 2016, Rybolovlev razed the mansion on the property after being granted license to subdivide the land into three lots, two of which have since sold for a blend $ 71.34 million. [ 102 ] The one-third lot of 2.23 acres was sold in July 2019 for $ 37.3 million. [ 103 ] Although the property ‘s price was primitively listed at $ 42 million, [ 102 ] [ 104 ] all three lots were sold for a total of $ 108.2 million, still roughly $ 13 million more than what Rybolovlev had paid for the property in 2008. [ 105 ]
New York [edit ]
In December 2011, the trust bought a 10-room, 626 m2 ( 6,740 sq foot ) apartment at 15 Central Park West in New York City for $ 88 million, from Joan Weill, the wife of Sanford I. Weill, the former president of Citigroup. This was a criminal record price for an apartment in the city at the time of its purchase. [ 106 ]
hawaii [edit ]
In 2011, Rybololev besides bought a $ 20 million property in Kauai, Hawaii, from the American actor Will Smith. [ 96 ] During his ownership, 21 acres were added to the estate, and put on the market for $ 29.5 million in 2015. [ 107 ]
Greece [edit ]
The land of the island of Skorpios in July 2007. In April 2013, Ekaterina Rybolovlev ‘s reliance bought a group of companies from the Greek heiress Athina Onassis Roussel. The assets included the 74 acre Greek island of Skorpios and its smaller isle, Sparti. [ 108 ] [ 109 ] The sale price was reported as $ 154 million. [ 110 ] In October 2018, Rybolovlev started a major development project on the island with the aim to transform it into a luxury recourse. The total investment in the project amounts to €184 million. The work was supposed to end in 2020. [ 111 ] At the beginning of 2021, the completion date was shifted to 2024. The investing in the fall back was estimated at €165 million, and the estimate price of a weekly lease was estimated at €1 million. [ 112 ] On 8 November 2021, the Co-Ordination Authority of the Peloponnese, Western Sterea Hellas, and ionian islands prefecture, after a petition was submitted by a count of inhabitants of nearby Lefkada island, annulled a permit allowing expansion works on the Skorpios belittled port. This made good continuation of construction works for the luxury complex impossible to continue due to the large size of the construction vehicles needed for the project. Representatives of the Rybolovlev investment party declared that they would appeal the decisiveness. [ 113 ]
monaco [edit ]
In 2010, Rybolovlev bought the 2,000m2 Belle Époque dash penthouse apartment on the Avenue d’Ostende in the Monte Carlo zone of Monaco. The property was bought for € 220 million. Its previous owners include Nick and Christian Candy, the brothers behind the Candy & Candy interior design and property development occupation, and early, the brazilian banker Edmond Safra, who died in a ardor at the apartment in 1999. [ 114 ] [ 115 ] [ 116 ]
Switzerland [edit ]
Rybolovlev and his erstwhile wife owned a property in Geneva, Switzerland, which they demolished in 2008 and planned to replace with a replica of the palace of Marie-Antoinette, the Petit Trianon at the Palace of Versailles. The project was abandoned amidst the couple ‘s disassociate proceedings. [ 94 ] Rybolovlev has besides built two houses worth $ 135 million in the swiss alpine recourse of Gstaad. [ 93 ] [ 94 ]
art solicitation [edit ]
Rybolovlev ‘s artwork collection has included paintings by Paul Gauguin, Auguste Rodin, Amedeo Modigliani ( Nude on a Blue Cushion ), Pablo Picasso, Henri Matisse, Claude Monet, Mark Rothko, ( No. 6 ). [ 117 ] and Vincent vanguard Gogh. [ 118 ] He was besides the owner of Salvator Mundi by Leonardo district attorney Vinci, or studio, until it was sold at Christie ‘s auction family for a total cost of $ 450 million on 15 November 2017. [ 119 ] In early 2015, it was reported that Rybolovlev may have been a victim of a complex art imposter to the tune of $ 1 billion allegedly perpetrated by the art principal Yves Bouvier, who was indicted on charges of imposter and complicity in money launder. [ 120 ] [ 121 ] In 2016, Rybolovlev was again at the center of a controversy after it was alleged that he bought three stolen Picassos from artwork trader Olivier Thomas. [ 122 ] [ 123 ] In October 2018, Rybolovlev launched a lawsuit against Sotheby ‘s in Manhattan federal court, alleging that the auction sign of the zodiac “ materially assisted the largest art fraud in history ”. [ 124 ] Rybolovlev ‘s lawyers said “ Sotheby ‘s was the uncoerced auction house that wittingly and intentionally made the fraud possible ” because it knew how much Bouvier paid the sellers. [ 124 ] Sotheby ‘s has denied these allegations. [ 125 ] On 6 November 2018, Rybolovlev was questioned by the Monegasque police. [ 126 ] [ 127 ] His lawyers stated that this happened on the basis of data obtained from the telephone of one of Rybolovlev ‘s previous lawyers, Tetiana Bersheda, which is the submit of an appeal in Monaco. [ 127 ] Rybolovlev was subsequently named a “ formal fishy ” in a graft investigation by Monaco ‘s foreman prosecutor. He was released from hands and placed under discriminative see. [ 128 ] In an interview with the daily Nice Matin in December 2018, Rybolovlev ‘s lawyer, Me Hervé Temime, criticised duplicate violations of the investigation ‘s privacy that he attributed to invest interests against Rybolovlev. He besides stated that “ the seriousness of the initial victimize ” was understated “ because of the wealth ” of Rybolovlev in what he described as an banishment of rich Russians. [ 129 ] In June 2019, Sotheby ‘s request to have the case against it thrown out was denied by a US federal court in Manhattan. [ 130 ] The court argued that Sotheby ‘s had failed to establish “ exceptional circumstances ” to justify such a move. The auction house besides had to allow populace access to previously sealed or redacted documents detailing agreement between Yves Bouvier, Sotheby ‘s staff ampere well as Sotheby ‘s elder director and vice-chairman for individual sales Samuel Valette. [ 131 ] According to the Art Newspaper, the correspondence reveals “ that Bouvier paid Sotheby ‘s $ 83 million for Salvator Mundi, suggesting a 53.62 % markup on the paint, as Rybolovlev had alleged. ” [ 131 ] [ 132 ] Next to Salvator Mundi, the documents pertain to pricing negotiations between Bouvier and Sotheby ‘s for Gustav Klimt ‘s Wasserschlangen II in 2012, Picasso ‘s L’Homme Assis Au Verre and Modigliani ‘s Nu Couché au Coussin Bleu. [ 131 ] In July 2020, condemnable proceedings against Bouvier for fraud and money wash were dismissed by Monaco ‘s Court of Revision on the procedural grounds that “ the investigations had been conducted in a biased and unfair manner. ” [ 133 ] In January 2021, swiss prosecutors closed a two-year-long investigation into Bouvier, though Rybolovlev may appeal the file order. [ 134 ] As of February 2021, litigation between Rybolovlev and Bouvier is calm ongoing in a phone number of jurisdictions, including the US, London and Paris. [ 134 ]
Awards and honours [edit ]
In 2010 Rybolovlev was awarded the Order of St. Seraphim of Sarov I degree by Patriarch Kirill for funding the restoration of the Cathedral of the Nativity of the Most Holy Mother of God in Zachatyevsky Convent. [ 135 ]
personal life sentence [edit ]
Rybolovlev married Elena Rybolovleva in 1987 in Perm, Russia. together they have two daughters : Ekaterina, born in 1989, and Anna, born in 2001. [ 136 ] In 2015, Ekaterina married Uruguayan businessman Juan Sartori .
divorce [edit ]
Elena Rybolovleva filed for divorce on December 22, 2008, [ 137 ] citing in her disassociate prayer the “ consecutive infidelity ” of her husband. [ 138 ] [ 139 ] At the lapp occasion, Elena Rybolovleva officially asked the Geneva State prosecutor for auspices of her assets from Rybolovlev. [ 137 ] In February 2014, Elena Rybolovleva was detained in Cyprus for allegedly stealing a $ 28 million ball field hoop she by and by proved her ex-husband had given her while they were distillery married. [ 140 ] [ 141 ] In May that year, a Geneva motor hotel awarded Rybolovlev ‘s ex-wife a record settlement of $ 4.8 billion. This would have been the most expensive disassociate colony in history at the time. [ 142 ] however, Rybolovlev ‘s lawyers successfully appealed the 2014 rule in June 2015. The Geneva court reversed the earlier decision, ruling that Rybolovleva ‘s liquidation be reduced to 564 million swiss francs. [ 143 ] ultimately, in October 2015, Rybolovlev and his ex-wife Elena announced they had reached an amicable settlement of their divorce, and that all legal actions in relation to the case would cease. fiscal terms of the settlement were not disclosed. [ 144 ]
Hobbies and interests [edit ]
Rybolovlev enjoys surfing, particularly in Hawaii. [ 145 ] He is besides engaged in glide and boating, being the owner of €80 million superyacht Anna I and his new $ 250 million yacht, besides called Anna. [ 146 ] [ 147 ] Both yachts were built by Feadship and designed by Michael Leach, with Anna being the company ‘s biggest superyacht to date. [ 148 ] In July 2021, Dmitry Rybolovlev acquired a new seafaring ClubSwan 125 yacht, named Skorpios after the Greek island owned by his syndicate trusts. [ 149 ] The 43-meter race vessel took four years to build at Nautor ‘s Swan yard in Finland. [ 150 ] The yacht was designed to be a record-breaker and is able to reach a accelerate of approximately 15 knots upwind and remain systematically faster than the wind focal ratio downwind thanks to innovations including the addition of a individual curved foil that provides sideways and vertical raise in varying conditions. [ 151 ] [ 150 ] Skorpios ‘ captain is Olympic gold medalist and two-world champion Fernando Echávarri, while Rybolovlev is the racing yacht ‘s helmsman. [ 149 ] [ 150 ] Rybolovlev besides owns a racing yacht of the ClubSwan 50 model, now renamed Sparti. [ 152 ] With this mannequin, he won the ClubSwan 50 World Championship title during The Nations Trophy regatta in Palma Bay, Spain in October 2019. [ 153 ] In the event ‘s 2020 reduplication, Rybolovlev ‘s ClubSwan 50 yacht took third gear place overall after winning two of that class ‘s four races, making it the only team to win medals in the ClubSwan World Championship over two consecutive years. [ 154 ] [ 155 ]
Forbes ranking [edit ]
In the Forbes billionaires list for 2021 Rybolovlev was ranked the 391st richest person in the world with a net worth of $ 6.7 billion. [ 156 ]
Indicator[157]
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Net worth ($ billion)
1.6
3.3
12.8
3.1
8.6
9.5
9
9.1
8.8
8.5
7.7
7.3
6.8
6.6
6.6
6.7
Rank (in the world)
486
271
59
196
79
93
100
119
147
156
170
190
242
224
224
391
Rank (in Russia)
32
29
11
13
10
14
13
14
17
14
12
15
18
17
17
26
See besides [edit ]
Notes [edit ]
- ^[1] The club was owned by a trust that attributed to Ekaterina Rybolovleva, daughter of Dmitry.
References [edit ]
Media related to Dmitry Rybolovlev at Wikimedia Commons