As one of the most talked-about figures, Dmitry Rybolovlev has built a significant fortune. In this article, we dive deep into the assets and career highlights.
What is Dmitry Rybolovlev's Net Worth?
Specifically, Dmitry was accused of hiding expensive art pieces from his wife during their divorce proceedings. However, subsequent reports revealed that Rybolovlev had not made any attempts to hide offshore accounts registered in the Virgin Islands, and that these accounts had been set up several years before the divorce in any case.
Dmitry Rybolovlev is a Russian businessman who has a net worth of $10 billion. Most of Dmitry Rybolovlev's fortune comes from a successful potash company called Uralkali, although he has branched out into a number of different business ventures over the years. Sports fans may know Dmitry as the president of AS Monaco, a successful soccer team that plays in France's Ligue 1. In terms of his overall wealth, he consistently ranks among the top 250 billionaires in the world.
In addition, Dmitry has also been accused of polluting the Kama River, as Uralkali has been listed as one of the top 100 polluters in Russia by an NGO. Some even stated that parts of the river had been completely turned to brine as the result of Uralkali "routinely ejecting harmful elements" into the water. In 2016, Rybolovlev was one of the many names associated with the infamous Panama Papers scandal.
By 1992, Dmitry had relocated to Moscow. He started trading and dealing with securities before opening an investment company. Rybolovlev then founded his own bank, and by the mid-90s, he had focused almost entirely on investments in the potash industry. Eventually, he became highly involved with Uralkali, a Russian potash producer and exporter. Over the years, he built this company into a major player on the global stage.
In 2010, Rybolovlev purchased a 9.7% stake in the Bank of Cyprus. After relocating to Monaco that year, Dmitry then bought a majority stake in AS Monaco FC. His influence proved to be extremely positive for the club, and he reversed their fortunes within years. By 2013, AS Monaco was promoted back into France's Ligue 1, and Rybolovlev had overseen the purchase of many new players.
Dmitry Yevgenyevich Rybolovlev was born on November 22nd, 1966, in Perm, Russia. At the time, Russia was technically the Russian SSR of the Soviet Union. Raised by two doctors, Dmitry attended the Perm State Medical University and graduated in 1990. He then began to work in the cardiology wing of the local hospital in Perm and started raising a family with his wife, Elena.
Dmitry Rybolovlev has been involved in many controversies over the years. In 1996, Rybolovlev was arrested on suspicion of murdering the general director of the Perm AO Neftekhimik. He received a not-guilty verdict in 1998 after Oleg Lomakin retracted his testimony and admitted to slander.
As soon as Rybolovlev had graduated from medical school, he began to venture into the business world. At first, he worked alongside his father to develop a new kind of medical treatment technique involving magnetic fields. The economic uncertainty associated with the collapse of the Soviet Union shifted Dmitry's focus. Because of the demands of the time, customers were more likely to pay Rybolovlev with various products rather than actual cash. In turn, Rybolovlev was forced to create a new business to sell these products. This is when his business career really started to take off.
Ultimately, Dmitry Rybolovlev's financial journey is a testament to their success.
Disclaimer: All net worth figures are estimates based on public data.