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This article was published on July 14th, 2016
A former model has been awarded a huge divorce settlement, from her billionaire husband, which is reported to be the biggest recorded in English courts. The woman was the billionaire’s second wife and had been married to her husband for 12 years and had a daughter with him. She brought about divorce proceedings after he married a 25 year old whilst still being married to her. The third marriage was not illegal in Saudi but the divorcee claimed she was not aware of the union. Her divorce was finalised 2 years after the third marriage.
She claimed £196 million in the divorce settlement which she felt was fair, considering the lifestyle she had become use to, and the estimated £8bn she claimed he was worth. The divorce courts finally awarded her a record settlement figure of £53 million which does not include her own assets which are reported to be worth £22 million leaving her with £75 million in her divorce.
The divorced woman said in a statement: “I am very grateful for today’s ruling. I have lived in the United Kingdom since 1988 and am thankful for access to the British courts.
“Having grown up in a middle-class family and having enjoyed a successful career until my marriage, I am fully aware that the spectacular life Walid and I led was immensely fortunate and rarefied.
“And I fully understand how this can be perceived in the wider world.
“My focus now is to support my daughter and move forward with our lives. For her sake and the sake of our wider family, I hope we can now resolve matters sensibly.”
For an informal chat and to take the first steps into finding out about what divorce involves, please contact our family law team on FREEPHONE 0800 1979 345.
Thorneycroft specialist divorce solicitors offer expert help and advice on the legal and financial implications of a relationship breakdown. Each member of the team has the required skills to negotiate a financial settlement ensuring a positive outcome for you.
IF you live in Macclesfield, Buxton, Holmes Chapel or surrounding areas and require divorce law advice or to discuss your separation in more detail please call one of our specialist solicitors or complete our simple online enquiry form.
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