Wife awarded $530 million in record British divorce
29 Nov 2014 11:28 PM GMT
The estranged wife of a London financier was awarded £337 million ($530 million) on Thursday in one of the biggest divorce settlements seen in a British court. Details of the payment to US-born Jamie Cooper-Hohn, 49, emerged after a draft judgement was given to lawyers ahead of a final ruling. Cooper-Hohn’s lawyers were reported to be considering an appeal to get an ever bigger payout.
Cooper-Hohn had separated from hedge fund manager Chris Hohn, 48, after being married for 15 years and the two had fought over assets worth over £700 million. Hohn had offered his wife a quarter of the fortune, but she argued that their wealth was the result of a partnership. The two, who met while studying at Harvard University and have four children, founded charity the Children’s Investment Fund Foundation to help the poor in developing countries. Hohn was reported to have given away almost £1 billion between 2006 and 2011.
Cooper-Hohn had separated from hedge fund manager Chris Hohn, 48, after being married for 15 years and the two had fought over assets worth over £700 million. Hohn had offered his wife a quarter of the fortune, but she argued that their wealth was the result of a partnership. The two, who met while studying at Harvard University and have four children, founded charity the Children’s Investment Fund Foundation to help the poor in developing countries. Hohn was reported to have given away almost £1 billion between 2006 and 2011.
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