Bloomberg Billionaires Index

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#147 Dmitry Rybolovlev $9.88B

Random fact: Owns art work by Modgliani, Picasso and other masters.

Overview

Rybolovlev sold two Russian fertilizer producers for almost $7.5 billion in 2010 and 2011. He also sold more than $1 billion of Uralkali stock at the company's 2007 initial public offering, and bought art, jewelry, homes, a yacht, a stake in the Bank of Cyprus and AS Monaco. He settled a 7-year divorce suit with his wife Elena in 2015.

As of Sept. 20, 2017:
Last change +$26.1M (+0.3%)
YTD change +$269M (+2.8%)
Industry Diversified
Biggest asset Cash
Citizenship Russian Federation
Age 50
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Dmitry Rybolovlev's net worth of $9.88B can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Rybolovlev's fortune is derived from his sale of two Russian fertilizer companies, Uralkali and Silvinit. He sold $1.1 billion of Uralkali stock during the company's initial public offering on the London Stock Exchange in 2007. He then sold his remaining stake in Uralkali and 20 percent of Silvinit for almost $7.5 billion in 2010 and 2011. He sold a 50 percent interest in Kama Oil to Russia's oil producer Lukoil for $400 million in May 2013.

Rybolovlev acquired a 10 percent stake in Bank of Cyprus in 2010 and holds less than 1 percent stake now. He bought a 67 percent stake in the AS Monaco soccer team in 2011. It's valued using the average of enterprise value-to-sales multiple of four publicly traded peer companies: Arsenal, Juventus, Manchester United and Ajax. The team is held in trust for his daughter.

The value of the billionaire's art, yacht, homes and jewelry is based on testimony made by Rybolovlev and his wife, Elena, during their divorce proceedings, as well as British Virgin Islands court fillings served in March 2015 by trusts of his daughters against art dealer Yves Bouvier.

A Geneva court ordered him to pay $4.5 billion to settle the divorce in May 2014. The award was slashed to $605 million in June 2015. He and wife announced amicable divorce settlement in October 2015.

Biography

Birthdate: 11/22/1966
Family: Divorced, 2 children
Education: 1990, Perm Medical Institute, Graduated

Dmitry Rybolovlev was born in Perm, Russia, to a family of doctors, in 1966. He was an avid reader as a youth, and was particularly affected by Theodore Dreiser's Trilogy of Desire, a story about a streetcar tycoon in Chicago. He attended the Perm Medical Institute and upon graduation in 1990 began working in the cardiology department of a local emergency room. In the declining economy after the fall of the Soviet Union, he started providing magnetic therapy for corporate clients, using a treatment method developed by his father.

Forced to barter with his cash-strapped patients, he created a side business selling the goods he received for his medical services. He later moved to Moscow, got a brokerage license, and opened a trading firm in Perm in 1992. His first clients were his former patients. Two years later he founded a bank and began to buy shares in a number of local firms. He invested in fertilizer maker Uralkali in 1995, eventually building up a stake of more than 60 percent.

Rybolovlev's interest in the company was valued below $100 million in 2000. Seven years later, the company sold shares in an initial public offering in London bringing him more than $1 billion. He sold the rest of his shares and his 20 percent stake in fertilizer company Silvinit, within four years, collecting about $7.5 billion.

Fearing for the safety of his family in the violent post-Soviet business environment, he sent his wife and daughter to live in Switzerland while he remained in Russia. He was arrested in 1996 and charged with initiating a contract killing, and was released after almost a year in prison when the actual culprits were found. He was acquitted in 1997.

His wife, Elena, a former colleague in medical school, sued him for divorce in Geneva in 2008, seeking $6 billion. Disputed in the suit was an art collection valued at more than $500 million, an $80 million yacht, $36 million in jewelry, homes in New York, Monaco and Palm Beach, and bank accounts in Cyprus, the U.K., Switzerland, the U.S. and the British Virgin Islands. A Geneva court awarded Rybololeva the equivalent of half his fortune in May 2014. The award was slashed to $605 million in June 2015 and was appealed. He and wife announced amicable divorce settlement in October 2015.

Rybolovlev now lives in Monaco. He owns a majority stake in the AS Monaco soccer team.

Milestones
  • 1966 Dmitry Evgenievich Rybolovlev born in Perm, Russia.
  • 1990 Graduates from Perm Medical Institute.
  • 1992 Opens an investment company in Perm.
  • 1995 Takes controlling stake in fertilizer producer Uralkali.
  • 2010 Unloads 53.2 percent stake in Uralkali for $4.5 billion.
  • 2014 Geneva court orders him to pay ex-wife $4.5 billion in divorce settlement.
  • 2015 Files a complaint against his art dealer for fraud.
  • 2015 He and wife announce amicable divorce settlement.