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 money-maker.”
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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