The billionaire was ordered give Elena their $88 million Central Park West apartment in New York, as well as more than half of his $8.8 billion fortune in what is the largest divorce award in history.
Elena was also awarded custody of the couple's 13-year-old daughter, along with a $7.5 million lump sum and $150,000 a month in child support.
The couple was married for 23 years and has been involved in divorce proceedings since 2008.
Dmitry Rybolovlev, 47, owns French soccer team AS Monaco and is listed as No. 148 on Forbes' list of billionaires.