In 2011, a trust acting in the interest of Rybolovleva acquired a 627 square meter (6,700 square feet) apartment in
New York for $88 million. The price for the penthouse apartment at
15 Central Park West was, at the time of the transaction, a record for the city. The apartment has served as Rybolovleva's home in the US whenever she attended psychology and finance classes at
Harvard Extension School. That same year, a trust acting in Rybolovleva's interest purchased a Hawaiian mansion, on Kauai's North Shore, from
Will Smith and
Jada Pinkett Smith. At the time, the property was 7 acres. The trust added a 21-acre adjacent lot, quadrupling the size of the oceanfront property. In 2013, a company belonging to a trust acting in the interest of Rybolovleva completed the purchase of a group of companies formerly owned by
Athina Onassis, the granddaughter of shipping magnate
Aristotle Onassis. Amongst the assets of this group of companies were the islands of Skorpios and Sparti, an uninhabited island 2 kilometers North of Skorpios. The 74-acre island of Skorpios, the second-most valuable private island in the world, was made famous by Aristotle Onassis's wedding to
Jackie Kennedy there in 1968. Rybolovleva has said that she views the acquisition of the islands, which she referred to as her "private shelter" and "home away from home", as a "long-term financial investment" which she plans to develop using "environmentally friendly technology." The current plans for the island include the development of a green luxury accommodation complex with a multi sports facility, including an Olympic-sized horseback riding arena, a cinema, a spa and a large artificial lake. The development is projected to cost up to €165 million. The mayor of neighboring
Lefkada, Kostas Aravanis, and other local officials met with Ryobovleva and her father shortly after the sale was announced. Onassis stated in his will that the island would remain in the family as long as they could afford to cover its maintenance expenses. According to the will, if his descendants could not cover the expenses, the island would be donated either to Olympic Airways or to the state. Therefore, the island is now leased to the heiress for 99 years time, still under the ownership of Athina Onassis. Rybolovleva's ownership of some assets, including the New York apartment and Skorpios, was challenged by her mother, Elena, during her divorce from Rybolovlev. In a major ruling in May 2014, a Geneva court confirmed the validity of the trust structures through which Rybolovleva owns these assets, meaning they are immune from legal challenge in the case. == AS Monaco ==