News / Europe

    Russian Billionaire's Daughter Buys Onassis Island Skorpios

    Reuters
    The daughter of Russian billionaire Dmitry Rybolovlev has bought the Greek resort island where shipping tycoon Aristotle Onassis famously married Jacqueline Kennedy in the 1960s, Rybolovlev's investment office said.
        
    The sale price was not disclosed. Greek media reports on Saturday placed the value of Skorpios island at over $100 million and said Ekaterina Rybolovlev, 24, wanted it not only for leisure but also business purposes.
        
    She purchased Skorpios, in the Ionian Sea off western Greece, from Onassis' 28-year-old granddaughter, Athena Onassis Roussel, the only surviving descendant of the shipping magnate.

    "Ekaterina is delighted that the trust has negotiated this purchase," a representative of Rybolovlev's family investment office said on condition of anonymity. "She regards the acquisition as a long-term financial investment."
        
    She also acquired the small neighboring island Sparti.
        
    President of the football club AS Monaco, Dmitry Rybolovlev of Russia, attends the French League two soccer match Monaco vs Bastia, Feb. 13, 2012 in Monaco stadium.President of the football club AS Monaco, Dmitry Rybolovlev of Russia, attends the French League two soccer match Monaco vs Bastia, Feb. 13, 2012 in Monaco stadium.
    x
    President of the football club AS Monaco, Dmitry Rybolovlev of Russia, attends the French League two soccer match Monaco vs Bastia, Feb. 13, 2012 in Monaco stadium.
    President of the football club AS Monaco, Dmitry Rybolovlev of Russia, attends the French League two soccer match Monaco vs Bastia, Feb. 13, 2012 in Monaco stadium.
    Dmitry Rybolovlev, owner of the AS Monaco Football Club and co-founder of the Russian potash producer Uralkali, has a history of snapping up trophy properties.
        
    Aristotle Onassis purchased Skorpios in 1963 and turned the barren island into a luxury resort by planting thousands of trees and importing sand. In 1968 he married Jacqueline Kennedy, widow of the assassinated U.S. president John F. Kennedy.
        
    After Aristotle Onassis's death in 1975, Skorpios passed to his daughter Christina, who died of a heart attack at 37 in the late 1980s after a history of drug abuse, weight issues and four failed marriages.
        
    Onassis, his son Alexander, who was killed in an airplane crash aged 25, and Christina were buried on Skorpios. Athena Onassis Roussel was three when her mother died.
        
    The mayor of the nearby island of Meganisi, Efstathios Zavitsanos, who is administratively responsible for Skorpios, said the deal was likely to be a long-term lease since, according to some lawyers, Aristotle Onassis's will stated that Skorpios could not be sold or leave the family.
        
    "We have lived with the Onassis legend and it will never fade," he said. "You see, Aristotle was close to the local society, the fishermen and the residents. He was not just a rich man, he was truly loved."
        
    There have been unconfirmed reports in Greek media that billionaire Microsoft co-founder Bill Gates and pop star Madonna had earlier sought unsuccessfully to acquire Skorpios.

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