A hedge-fund couple has reached what is believed to be the largest divorce settlement on legal record in the U.K.
A London court has ordered British billionaire Chris Hohn to pay his estranged American-born wife Jamie Cooper-Hohn about $530 million, Reuters reports. The settlement was recorded in a draft judgment and could be altered before final publication on Dec. 12.
The ex-couple founded Children’s Investment Fund Foundation (CIFF), a juggernaut of a private charity that has a investment fund worth roughly $4 billion. The pair, who were married for 17 years and have four children, hold a family fortune in the realm of $1.3 billion.
Cooper-Hohn, 49, had sought half the assets, but Hohn had said his talents in moneymaking counted as a special contribution to the marriage and entitled his wife to a quarter of the sum.
Hohn, 48, is the son of a Jamaican car mechanic, and neither he nor his ex-wife were well-off when they met at Harvard University, the Financial Times says. A judge said in court that the couple continued to live a “Swatch lifestyle” even after making billions.
The hefty settlement pales in comparison to the $4.5 billion payout that a Swiss court this spring ordered Russian tycoon Dmitri Rybolovlev to give his estranged wife, Elena.
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Write to Elizabeth Barber at elizabeth.barber@timeasia.com