It's official! Russian billionairecloses on $88 MILLION Manhattan penthouse - bought for his daughter, 22
*. Dmitry Rybolovleva bought Central Park West home for daughter Ekaterina
*. He is locked in a bitter divorce and this may help shield his assets
*. Previous record for real estate sale in Manhattan was$53million.
The family of a Russian billionaire has closed on a New York City penthouse apartment for $88 million.
The penthouse formerly owned by Sanford I. Weill, the former head of Citigroup Inc, was bought by a trust for the daughter of former fertiliser magnate Dmitry Rybolovlev, student Ekaterina .
Most 22-year-olds can't even imagine having a foot on the property ladder - let alone one that costs$88million, but Miss Rybolovleva, a student at an undisclosed U.S. university, will live inthe ten-room palace with wrap around terraces when she is in New York.
T he sale of the apartment breaks records for an individual transactionin a city renowned for pricey property.
The Wall Street Journal says the sale generated nearly$2.5 million in city and state taxes.
The brokers' commission alone came to about $3.5 million and the deal closed on Wednesday.
Her father 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.

Previous Owner: 'the former head of Citigroup' ?!? And where did HE get the money to pay for thisstupidly priced place?ever increasing service costs, cash withdrawal fees, andhis 'hard earned' yearly bonus of a zillion dollars, most likely.