Top-200_2015_Rybolovlev

ASM FC MONACO/VIA WIKIMEDIA COMMONS

Russian billionaire Dmitry Rybolovlev, whose parents were both doctors, attended medical school before developing a business that offered alternative medical treatments. He then started an investment fund, which eventually led him to gain a controlling interest in Uralkali, Russia’s largest producer of potassium fertilizer. Rybolovlev sold his stakes in Uralkali for about $6.5 billion in 2010 and 2011. He is an avid art collector, whose holdings include works by Picasso, Matisse, and Rothko, among others. However, his purchases have not been without controversy. He has also been involved in a legal battle with the Swiss art dealer Yves Bouvier, whom he has accused of defrauding him by selling artworks at prices well above market value. One of the pieces, which Rybolovlev bought anonymously, was sold by Steven A. Cohen for $93.5 million, though Rybolovlev paid the dealer $118 million for it. Rybolovlev is well-known for his portfolio of expensive properties, including two chalets in Gstaad, Switzerland, for which he paid a reported $130 million apiece; Donald Trump’s Palm Beach mansion for $95 million; two Greek islands, formerly belonging to Athina Onassis, for $150 million; and a New York City penthouse for $88 million—the most ever paid for an apartment in New York at the time. He also owns AS Monaco FC.

Copyright 2017, Art Media ARTNEWS, llc. 110 Greene Street, 2nd Fl., New York, N.Y. 10012. All rights reserved.

Dmitry Rybolovlev

Location:
Moscow

Source of wealth:
Fertilizer

Collecting area:
19th- and 20th-century painting

Top 200 appearance:
, , , ,

Fun fact:

Rybolovlev's divorce was originally rumored to be “the most expensive divorce in history,” with an award of $4.5 billion to his ex-wife Elena Rybolovleva. The amount was subsequently downgraded to $604 million on appeal, and the couple announced in 2015 that they had reached an amicable settlement.