Is
this not a case of divorce that pays? Or how does one describe a situation where
the separated wife of a London financier was awarded £337 million $530 million,
425 million euros (N92723499992 -ninety-two billion seven hundred twenty-three
million four hundred ninety-nine thousand nine hundred ninety-two) on Thursday
in one of the biggest divorce settlements seen in a British court.
Sir Chris Hohn and Jamie
Cooper-Hohn, founders of the Children's Investment Fund Foundation, had fought over
assets said to be worth more than £700m.
The sum is thought to be the biggest
of its kind made by a judge in England after the couple separated following 17
years of marriage.
Details emerged after a draft ruling
was given to the pair's legal teams. Lawyers met on Thursday to discuss a
number of legal issues, including whether the judgement in the case could be
made public.
Mrs Justice Roberts said although
the hearing had been in private, what had been said could be reported.
A detailed ruling on the dispute has
not yet been delivered.
Sir Chris and Mrs Cooper-Hohn
attended the hearing, but neither commented as they left court.
American-born Mrs Cooper-Hohn, 49,
had sought half their assets but Sir Chris, 48, offered a quarter, arguing that
he had made a special contribution to their wealth throughout their marriage.
Philanthropy
Sir Chris, the son of a car mechanic
and a legal secretary, graduated from Southampton University before making his
fortune as a hedge fund manager.
The couple set up the Children's
Investment Fund Foundation, known as CIFF, which works to transform the lives
of poor and vulnerable children in developing countries.
The pair, who have four children,
including triplets, have reportedly given away around £1bn.
This is not the first high-profile
divorce case to result in a large payout.
The late Russian oligarch, Boris
Berezovsky, featured in a multi-million pound case three years ago when it was
reported that his former wife Galina Besharova had agreed to accept between
£165m and £220m as part of a settlement.