$4.5B Divorce Settlement May Be World's Largest Ever

Posted By Divorce Attorney in Baton Rouge || 7-Aug-2014

Dmitry Rybolovlev made a fortune mining potash, one of the crucial ingredients in fertilizer. It took him a long time to build up his vast fortune, but unfortunately, it didn't take anywhere near as long to lose half of it.

Rybolovlev and his wife, Elena, are divorcing and as part of that process, Rybolovlev was recently hit with what some legal experts think may be the biggest divorce settlement in history; one worth $4.5 billion and several pieces of ritzy property.

Now, there is a chance that the settlement could be reduced on appeal, but Rybolovlev and his wife did not have a prenuptial agreement. That means she is entitled to roughly half of the vast sum that Rybolovlev accumulated during their marriage. (The two, who are Russian, are divorcing in Switzerland. The general principle of equitable asset distribution is true in most U.S. jurisdictions, however.)

As a Baton Rouge divorce lawyer, I don't work with Russian billionaires, but I do work with people who have worked very hard over the years to accumulate their assets and want to protect them.

As a family law professional, I strive to help my clients reach a just and ethical outcome. That means I help them achieve fair settlements and do my best to prevent them from being taken advantage of.

If you are considering ending your marriage, you may want to contact us today. Generally speaking, the earlier in the process you can hire an attorney and get to work on a strategy, the easier it will be to secure a fair resolution to all potential issues.

Categories: Divorce

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