Dmitry Rybolovlev – Net Worth $7 Billion

anna yacht side views

Dmitry Rybolovlev is a Russian businessman and investor with a net worth of $7 billion. He sold his majority share of Uralkali in 1995, which is a Russian fertilizer producer.

He made $6.5 billion from the sale. He is the owner of the superyacht ANNA, which was launched in 2021, replacing his previous yacht of the same name.

Name:Dmitry Rybolovlev
Net Worth:$7 billion
Source of Wealth:Uralkali
Born:1971
Country:Russia
Yacht:ANNA

Dmitry Rybolovlev Net Worth

Dmitry Rybolovlev has a net worth of $6.7 billion according to Forbes. He owns La Belle Époque, a Monoco Penthouse, which he reportedly purchased for $300 million.

He lives in the penthouse but also owns a Greek island named Skorpios. He bought the island from the estate of the late shipping magnate Aristotle Onassis for his daughter Ekaterina. 

Rybolovlev is the owner of the luxury yacht ANNA. He named the yacht after his daughter Anna and named his private jet M-KATE after his daughter Ekaterina. He is also the owner of the Nautor’s Swan sailing yacht Skorpios, which is a ClubSwan super maxi race boat. 

He acquired two-thirds of the French side football team AS Monaco. He purchased the club in December 2011. He also owns a 9.7% stake in the Bank of Cyprus.

Business

After graduating from the Perm Medical Institute in 1990, Dmitry Rybolovlev worked as a doctor before going into business. He began a small medal enterprise in the final years of the Soviet Union because his doctor’s income was not enough to support his family.

The medical enterprise severed the workers of factories, which he set up with his father, who was a professor of medicine. Rybolovlev earned his first million by reselling products.

In 1992, he gained a brokerage license from the Russian Ministry of Finance after completing a business course. With this brokerage license, he started buying shares in Uralkali, Silvinit, Metafrac, and Neftekhimik.

He removed his family to Switzerland with the rise in violence with criminals battling over control of companies and enforcing protection fees. He focused on growing Uralkali over the next 15 years and built it into a major global enterprise.

Uralkali is Russia’s largest producer of potassium fertilizers. He sold his 53% share of Uralkali to three Kremlin-linked oligarchs, Suleiman Kerimov, Alexander Nesis, and Filbert Gulches. 

Personal Life

Dmitry Rybolovlev was married to his ex-wife Elena Rybolovleva in 1987. They share two daughters, Ekaterina and Anna Rybolovlev.

Elena filed for divorce in 2008 in what would have been a record divorce settlement of $4.8 billion. Rybolovlev’s lawyer negotiated the settlement down to 564 million Swiss francs. The divorce was settled in 2015.

Art Collection & Controversy

Rybolovlev has an extensive art collection including pieces from Pablo Picasso, Paul Gauguin, Henri Matisse, and Vincent van Gogh.

He was involved in “The Bouvier Affair” in 2015, where it was reported that Rybolovlev was possibly a victim of a complex art fraud of approximately $1 billion. 

Yves Bouvier, a Swiss businessman, allegedly committed this fraud. Bouvier was indicted on charges of fraud and complicity in money laundering.

Rybolovlev was again the center of controversy later that year when it was alleged he had purchased two stolen Picassos from the art dealer Olivier Thomas through Yves Bouvier’s mediation. 

Rybolovlev was the center of another art-related controversy when he accused the Sotheby’s auction house of knowingly being involved in the largest art fraud in history. Sotheby’s denies these allegations.

In 2018 he was held by police for two days for questioning concerning his accusations against Bouvier in 2015. 

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