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Monaco declared persona non grata by the Russian billionaire

Монако объявило персоной нон грата российского миллиардераThe Russian Rybolovlev had a conflict with the art dealer from Monaco.

Russian billionaire Dmitry Rybolovlev declared persona non grata at the princely court of Monaco, and asked “to stay away from him”.

It is reported by the French weekly Journal du Dimanche, citing sources close to the leadership of Monaco. This can lead to the fact that Rybolovlev will leave the Principality.

This situation Rybolovlev caused by a scandal involving an art dealer from Switzerland Yves Bouvier and Finance Minister of Monaco Philippe Narmino. Last week, he resigned. The reason was suspicion that Narmino could influence the judicial proceedings between the Rybolovlev and Bouvier.

Grounds for such suspicions was the correspondence with “hundreds of SMS messages”. French newspaper Le Monde wrote that Rybolovlev and Narmino consist in friendly relations.

The conflict between Rybolovlev and Bouvier started in 2015. The billionaire has accused the art dealer of fraud. According to Rybolovlev, the Bouvier was tricked, with the result that he overpaid for his painting the order of one billion dollars. Bouvier, in turn, accused Rybolovlev that he used his connections in Monaco for prosecution.

In Monaco, Rybolovlev owns a 67 percent stake in the football club. The rest belongs to Prince albert II of Monaco. In the development team Rybolovlev, according to estimates of the Journal du Dimanche, has invested about €300 million. Football club Monaco – one of the most renowned in France. The team repeatedly won the championship and the Cup of the country.

The state of Dmitry Rybolovlev, according to Forbes, is $7.3 billion, He ranked in the top-20 richest Russian businessmen, taking it 15-th place. The main source of income Rybolovlev – the money from the sale of a stake in 63% of the shares of the manufacturer of fertilizers “Uralkali”.

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