Ekaterina Rybolovleva Biography and Pictures Gallery 2011
Most 22-year-olds can't even imagine having a foot on the property ladder - let alone one that costs $88million.
But having a Russian billionaire father usually helps, as demonstrated by Ekaterina Rybolovleva, daughter of former fertiliser magnate Dmitry Rybolovlev.
Miss Rybolovleva is studying at an undisclosed U.S. university and will live in the apartment - which boasts ten rooms and a wraparound terrace - when she is in New York.
The sale of the apartment, which was reported yesterday by Forbe's magazine, broke records for an individual transaction in a city renowned for pricey property.
A representative for Miss Rybolovleva released a statement saying: 'A company associated with Ekaterina Rybolovleva, daughter of a well-known businessman Dmitriy Rybolovleva, has signed a contract to purchase an apartment at 15 Central Park West, New York.
'The apartment is a condominium currently owned by the Sanford Weill Family.
'Ms Rybolovleva is currently studying at a U.S. university. She plans to stay in the apartment when visiting New York.
'Ms Rybolovleva was born in Russia, is a resident of Monaco and has resided in Monaco and Switzerland for the past 15 years.'
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.
The mining magnate is locked in a bitter divorce battle with wife Elena, to whom he has been married for 23 years. They have two daughters.
