Elena Rybolovleva has an $88 million bee in her bonnet. Mrs. Rybolovleva has locked horns with her husband, Russian oligarch and fertilizer king Dmitry Rybolovev, in a bitter divorce battle, with his reported $9 billion at the center of the fracas. The international battle royale has spilled into New York, where Mrs. Rybolovleva has accused her husband of purchasing Sandy Weill’s prize $88 million condo at 15 Central Park West in an effort to divert funds in advance of the impending divorce. Read More
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Russian fertilizer kingpin/oligarch/billionaire Dmitry Rybolovlev, he of the “buying my baby girl the most expensive apartment in, like, forever” fame, was slapped with a lawsuit today claiming that he purchased the $88 million apartment at 15 Central Park West through an LLC that he used to hide assets from his estranged wife, The Observer has Read More
The most watched real estate sale in years, if not ever, is now one for the books. The deed for the sale of Sandy Weill‘s penthouse at 15 Central Park West just hit city records. It reveals little—the LLC the buyers used is iron-clad—but there was an interesting bit of news about the seller of the $88 million home. It was not the former Citi chairman but his wife, Joan Helene Weill. Read More
Update: A spokesman for Dmitry Rybolovlev denies any connection to the purchase of this condo, though sources still insist it is. See Mr. Rybolovlev’s full statement below.
Merry Christmas Ekaterina Rybolovleva! Daddy loves you so much, he not only bought you a penthouse at 15 Central Park West that has become the most expensive home in New York history but also what is probably the most expensive servants quarters ever. Read More
Aside from his many reported mistresses, Dmitry Rybolovlev has eyes for only one beauty: 15 Central Park West.
Multiple sources have told The Observer that for the past few years, as the Russian fertilizer tycoon has been on the hunt for a New York home, he has solely search in the limestone glory overlooking Columbus Read More
What if the most expensive home ever sold in the history of Manhattan real estate was a Christmas present? In a remarkably credulous blog post, Forbes is reporting that Dmitry Rybolovlev did not buy Sandy Weill’s penthouse for himself. Instead, the magazine claims it was his equestrian 22-year-old daughter who bought the place. Read More
Dmitry Rybolovlev has been a busy man lately. He is in the middle of a bitter divorce that could cost him more than $6 billion (when finalized it will be the world’s costliest divorce), but he has still found the time and funds to buy a struggling AS Monaco soccer team and, it turns out, the most expensive home in the history of Manhattan real estate. Well-connected sources have confirmed to The Observer that the mystery Russian chemist behind the sale of Sandy Weill’s $88 million penthouse at 15 Central Park West is indeed Mr. Rybolovlev.
The flaxen-haired Russian originally trained in medicine but began buying industrial concerns in the early 1990s during Russia’s wildly unregulated privatization period. Ultimately running one of the country’s largest potash fertilizer concerns, Uralkali, Mr. Rybolovev began to establish his formidable fortune. In 1996 he was accused of murdering a fellow businessman and spent close to a year in prison.
Ultimately acquitted for lack of evidence, Mr. Rybolovlev went on to quietly corner the potassium fertilizer market in Russia, raking in bundles of rubles for his efforts. As of March this year, Mr. Rybolovlev was the 93rd richest person in the world with a net worth around $9.5 billion. Were he to move in full-time, that would make him the fifth richest New Yorker, behind David Koch, Mayor Bloomberg, John Paulson and Ronald Perlman. Should his basketball-loving comrade Mikhail Prokhorov finally buy a place here, that would knock Mr. Rybolovlev down to sixth place. Read More
Over the past year, hedge fund honcho Steve Cohen has shelled out $150 million for a Picasso, $60 million for an East Hampton estate and $616 million to get the Securities and Exchange Commission off his back. Now, it looks like he wants to get a little bit back—$115 million, to be exact.
Via our friends at Real Estalker comes word that Mr. Cohen’s 9,000-square foot spread at One Beacon Court, the residential portion of the Bloomberg Tower at 151 East 58th Street, has officially hit the market. Mr. Cohen and his brokers—Deborah Grubman and David Dubin at Corcoran—are hoping to knock reigning real champion 15 Central Park West out of the park and set a New York City record.
But with no outdoor space, three blocks between the building and the park and nowhere near the name recognition of 15 Central Park West, can Mr. Cohen’s 51st-story duplex do it? (Even if it can’t, he only paid $24 million for the apartment back in 2005, so he’ll come out ahead either way.) Read More
Given the massive profits that many early buyers at 15 Central Park West made flipping their units, it sometimes feels like no price is too high for an apartment in New York’s newest pre-war building.
Well, it looks like steel magnate Leroy Schecter has finally learned how much is too much: $95 million.
Mr. Schecter just cut a whopping—or, at least, it would be whopping in any other building—$10 million from the ask on his 35th-story apartment, to a still-stratospheric $85 million, which would put it below the $88 million record price that Dmitri Rybolovlev paid for Sandy Weill’s penthouse. Read More
She may not wield political power in her homeland, but emigré princess Kristina Kovalenko is definitely trying to harness the power of the Manhattan real estate market.
The Russian royal, who hails from the republic of Kabardino-Balkaria, bought her four-bedroom, four bath condo for $4.2 million back in August 2009, city records show. In the meantime, Ms. Kovalenko has kitted out the luxurious Lincoln Square condo at 43 West 64th Street in a fashion befitting an Eastern European monarch. There is lots of black leather, bright red and metallic accents and in the living room, not one but two baby grands (one in white, one in black). Now she’s asking $8 million for the place. Read More