High Court awards £453 million in billionaire divorce

May 12, 2017 1:27 pm

A Russian billionaire who recently sold his company for over £1 billion has been ordered to pay his wife £453m in a divorce settlement at the High Court.

The payment in this case has been described as one of the biggest awards made by a UK court in divorce proceedings.

The 61-year-old, former oil and gas trader, met and married his ex-wife in Moscow before moving to Surrey with the 41-year-old from Eastern Europe.

Mr Justice Haddon-Cave awarded the woman 41.5% of the “total marital assets” with a ruling made preventing the man and the woman from being identified.

Neither party was in court for the ruling.

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Article by James Melvin-Bath, Trainee Solicitor