A judge in a London High Court ruled that the American wife of a
British Tycoon be given $530m in a divorce payout. This is considered to be
the biggest divorce settlement so far in British history. The estranged wife of finance
tycoon Christopher Hohn will receive an equivalent of N96 billion.
The
judge awarded Jamie Cooper-Hohn $493 million in cash and the rest in
the form of a property in Connecticut and adjustments to her share of a
pension.
A full judgment will be published in December, but the figures were cited during a court hearing yesterday November 27.
She
was initially seeking half of her ex-husband's assets, but he said she
was entitled to just a quarter on the grounds that his talents as an
investor constituted a special contribution to their wealth. He also
referred to himself as an "unbelievable moneymaker.”
In
awarding Ms. Cooper-Hohn less than half of the couple’s $1.3 billion
fortune, the case could set a legal precedent in the U.K, which has
developed a wide reputation as a capital for divorce disputes between
ultra-rich couples.
Mr. Hohn and Ms.
Cooper-Hohn met while studying at Harvard University, and have been
married for 17 years. They have four children.
The couple have
been described as UK’s most generous philanthropists and have both
said they lead relatively modest lives, given their wealth.
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