Dmitry Rybolovlev lists $88m Central Park penthouse he bought daughter

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Dmitry Rybolovlev is selling a penthouse at 15 Central Park West that he bought for his daughter in 2011 while she studied at a U.S. university
At the time, the $88million sale set a record for most expensive apartment sale in Manhattan
Rybolovlev was previously ordered not to sell the property, while he was in the process of separating from his wife Elena
The coupe's divorce was finalized in October
See more news and stories on Russia at www.dailymail.co.uk/russia

Published: 09:15 EST, 11 January 2016 | Updated: 10:34 EST, 11 January 2016

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A Russian billionaire who purchased his daughter an $88million New York City apartment for her to live in while she attended college has been put the property back on the market.

Dmitry Rybolovlev bought the penthouse residence at 15 Central Park West in 2011 for his daughter Ekaterina, paying what was at the time a record price for a Manhattan apartment.

At the time he was in the process of finalizing his divorce from his wife and Ekaterina's mother, Elena, and was ordered by a judge not to sell any of his properties until the separation was finalized.

For sale: Russian billionaire Dmitry Rybolovlev (left, in November) is selling the Manhattan penthouse apartment he bought his daughter Ekaterina (pictured right, in March 2014) in 2011

Better than the dorms: The billionaire who made his fortune in fertilizer bought a penthouse apartment at 15 Central Park West for Ekaterina to live in while she was studying at a U.S. university

High end: The penthouse apartment boasts great views of Central Park and its own gallery

The couple finalized their divorce this past October, after Elena's settlement was reduced from a staggering $4.5billion to a still very healthy $603million, leaving Dmitry free to sell the property.

A source told the New York Post that Dmitry may have trouble selling the apartment, or getting the price he wants, due to the declining New York City real estate market.

That being said, an investor group purchased a unit in the new luxury Manhattan apartment building One57 for $91.5million and the penthouse in that same complex was sold for a little over $100million last year.

When Rybolovlev purchased the apartment, his daughter was studying at an undisclosed U.S. university.

The 6,744-square-foot apartment boasts ten rooms and a wraparound terrace.

Rybolovlev is one of the small group of Russians who became fabulously wealthy during the post-Soviet privatization of the economy and are known as oligarchs. He is the former owner of fertilizer business Uralkali.

In 2008, Mr Rybolovlev, 43, bought Donald Trump's 33,000-square-foot Florida estate - Maison L'Amitie - for $95million in cash.

He is the owner of the French football team AS Monaco and used to run Russia's largest potash fertiliser company Uralkali.

He is listed as the 156th richest person in the world, according to Forbes, which estimated his wealth at $8.5billion.