Russian billionaire admits buying Trump mansion

Miami /
Nov.November 12, 2013 12:00 PM

When Donald Trump sold his sprawling Palm Beach mansion for a whopping $95 million five years ago, the true identity of the buyer was a mystery.

That is no longer the case, as Russian billionaire Dmitry Rybolovlev has finally acknowledged his involvement in the purchase of the 515 North County Road home. Rybolovlev told lawyers during a London deposition last month that he invested an undisclosed amount in the 2008 transaction, Palm Beach Post reported. The billionaire said he continues to pay property taxes and cover maintenance costs at the mansion but denied that he is the true owner.

Attorneys for Rybolovlev’s estranged wife, Elena, pressed him for details during the deposition. Elena has sued Rybolovlev in Palm Beach Circuit Court in an attempt to receive half of the mansion’s value through a divorce.

Sergey Chernitsyn, a spokesperson for Rybolovlev, denied the claims made by the attorneys:

“Mr. Rybolovlev has not made any such acknowledgment in his deposition.,” Chernitsyn said in a written statement. “It is completely false and misleading to claim that he has.”

Rybolovlev amassed his wealth through the potash fertilizer industry. The 33,000-square-foot oceanfront mansion used to be known in the town as the Gosman estate. [Palm Beach Post] — Eric Kalis


Related Articles

arrow_forward_ios
IRA Capital makes $16M medical office play in Boca Raton
IRA Capital makes $16M medical office play in Boca Raton
IRA Capital makes $16M medical office play in Boca Raton
2714 Sheltingham Drive with Fred and Lora Jean Drasner (Berkshire Hathaway)
Former New York Daily News co-owner buys Wellington mansion for $5M
Former New York Daily News co-owner buys Wellington mansion for $5M
Former Palm Beach councilwoman sells lakefront mansion for $38M
Former Palm Beach councilwoman sells lakefront mansion for $38M
Former Palm Beach councilwoman sells lakefront mansion for $38M
Trian’s Nelson Peltz, Ed Garden and Peter May with the office building (Trian, New England Development)
Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
Todd Glaser and David Skok with 360 El Brillo Way (Facebook via Skok, Premier Estates)
Venture capitalist David Skok pays $26M for Jeffrey Epstein’s former Palm Beach property
Venture capitalist David Skok pays $26M for Jeffrey Epstein’s former Palm Beach property
Investors buy Palm Beach office building for $38M
Investors buy Palm Beach office building for $38M
Investors buy Palm Beach office building for $38M
(Getty)
South Florida by the numbers: Stars need houses too
South Florida by the numbers: Stars need houses too
Hilary Musser and the house (Photos: Daniel Newcomb)
Hilary Musser sells waterfront West Palm Beach spec mansion for record $16M
Hilary Musser sells waterfront West Palm Beach spec mansion for record $16M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...