American Wife To Get $530Million In Britain's Biggest Divorce Payout

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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