Trumps's Former Palm Beach Mansion Part Of Major Divorce Dispute
The mansion that Donald Trump sold in Palm Beach, Florida last year might be at the center of a major divorce battle. Russian billionaire fertilizer mogul Dmitri Rybolovlev and his wife bought the house for $95 million back in 2008. Now Elena Rybolovlev says her husband has been unfaithful and she wants 50 percent of the couple's marital assets, a number she puts between $6 billion and $12 billion. One of the items at issue will be the 33,000-square-foot property. She has asked the court to take jurisdiction over property because she is worried her husband will begin hiding and transferring his assets. Already she says that an art and furniture collection worth around $670 million has been moved out of her reach.
The Palm Beach Post reports that in July 2008, through County Road Property, Rybolovlev paid $95 million cash for the home. Trump had bought the mansion for $41.35 million in 2004 and restored it, asking at one point, for $125 million for the home. Rybolovlev said he purchased the mansion as an investment, the couple spend most of their time in Switzerland. If he has to sell he might be in trouble. For a while Palm Beach was faring well amidst Florida's real estate turmoil but lately it seems like the bigger mansions are slower to move. One that we've been keeping an eye on, Casa Nana, has been on the market for $72.5 million since last summer. Check it out in the gallery below.
Gallery: South Ocean Blvd.