Once rapper/actor/superhero Will Smiths
house Mansion sold to Billionaire Russian Heiress Ekaterina Rybolovleva is back on the market! For a cool $29.5 million it can be yours.
Mr. Smith and his family bought the property, which at that time was on 7 acres, for $13.5 million in 2009. Two years later, they sold it for $20 million in an off-market deal to a trust acting in the interests of Ms. Rybolovleva, daughter of Russian oligarch Dmitry Rybolovlev, according to Ms. Marley. The trust also purchased an adjacent 21 acres for around $3 million, she said.
According to people familiar with the property, the trust purchased the Kauai home and acreage as an investment. A representative for Mr. Smith didn’t respond to a request for comment.
The property was the subject of a lawsuit filed in 2013 by Mr. Rybolovlev’s estranged wife, who alleged that he used the purchase and others to protect money that she could potentially win in their divorce. Mr. Rybolovlev denied the allegations. The Hawaii lawsuit and an appeal have been dismissed, said David Lifson, an accountant for the Rybolovlev family who was named in the suit.
In one of the biggest divorce settlements in history, Mr. Rybolovlev—who made his fortune in potash, an ingredient in fertilizer—last year was ordered by a Swiss court to pay roughly 4 billion Swiss francs, or the equivalent of about $4.5 billion at that time. The settlement has since been reduced.