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15 Most Expensive Divorces

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The recent news of South Korean billionaire Chey Tae-won’s divorce settlement, totaling $1 billion, has caused a stir online.

Chey, chairman of the SK Group conglomerate, has been ordered to pay his ex-wife a divorce settlement of 1.38 trillion won (approximately $1bn), marking the largest divorce settlement in South Korean history.

Nigerians reacted in shock, with many commenting that marriage now appears to be a business arrangement rather than a romantic commitment.

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However this is far from the largest divorce settlement in history.

Here are the most expensive divorce cases as  highlighted by The PUNCH:

  • Jeff Bezos and Mackenzie Scott

In 2019, Amazon founder Jeff Bezos, the world’s wealthiest individual with a net worth of $197 billion, ended his 26-year marriage to MacKenzie Scott, finalising their divorce with a settlement of $38 billion.

  • Bill Gates and Melinda Gates

The divorce settlement between Bill Gates and Melinda French Gates remained private, with no public disclosure of financial details. While the couple’s combined net worth was estimated at $130 billion, it is reported that Melinda French Gates received over $6 billion in stock shares, but the exact asset division remains undisclosed.

READ ALSO: Billionaire To Pay $1bn To Ex-wife In Divorce Settlement

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  • Alec and Jocelyn Wildenstein

In 1999, French-American businessman and art dealer Alec Wildenstein ended his 21-year marriage to Jocelyn Wildenstein, resulting in a divorce settlement worth $3.8 billion, with Jocelyn receiving an initial $2.5 billion and an additional $100 million annually for 13 years.

  • Rupert Murdoch and Anna Torv Mann

Rupert Murdoch and Anna Torv Mann, married for over three decades and parents of three, separated in 1999. Their divorce settlement was valued between $1.2 and $1.7 billion, equivalent to approximately $40-56 million per year of marriage.

  • Bernie Ecclestone and Slavica Radic

Bernie Ecclestone, former chief executive of Formula One group, ended his 25-year marriage to model Slavica Radic in 2009, with a reported divorce settlement of $1.2 billion.

READ ALSO: Female Billionaire Sentenced To Death For Looting $44bn

  • Steve and Elaine Wynn

Steve and Elaine Wynn, Las Vegas casino moguls, had two marriages spanning 1963-1986 and 1991-2010. Their second divorce in 2010 resulted in a settlement worth $1 billion to Elaine, including $741 million in Wynn Resorts stock, the company they co-founded.

  • Harold Hamm and Sue Ann Arnall

In 2014, oil tycoon Harold Hamm finalised his divorce from Sue Ann Arnall, paying her $974.8 million in a single settlement payment.

  • Adnan and Soraya Khashoggi

According to Forbes, the late Saudi billionaire Adnan Khashoggi paid his ex-wife Soraya Khashoggi a divorce settlement of $874 million in 1982, equivalent to $42 million per year of their 21-year marriage, in an out-of-court agreement.

  • Sheikh Mohammed bin Rashid al-Maktoum & Princess Haya bint al-Hussein

In December 2021, the Dubai ruler was court-ordered to pay a $728 million to his ex-wife, Princess Haya, ending a prolonged divorce battle marked by allegations of infidelity and threats. The settlement will cover Princess Haya’s lifelong security expenses and ongoing costs for their two children, Al Jalila and Sheikh Zayed, according to CNN.

  • Tiger Woods and Elin Nordegren

Tiger Woods and Elim Nordegren finalised their divorce in August 2010, after five years of marriage, with Elin receiving a reported $100 million settlement, equivalent to $20 million per year of marriage.

READ ALSO: Forbes Declares Singer Taylor Swift Billionaire

  • Stephen Spielberg and Amy Irving

Film director Steven Spielberg’s 1989 divorce from Amy Irving, his wife of four years, resulted in a settlement worth $100 million, equivalent to half his wealth at the time, or $25 million per year of marriage.

  • Paul McCartney and Heather Mills

Paul McCartney’s ex-wife, Heather Mills, received a divorce settlement of $50 million, translating to $12.5 million per year for their four-year marriage.

  • Harrison Ford and Melissa Mathison

The Indiana Jones actor Harrison Ford’s 1994 divorce from Melissa Mathison, his wife of 18 years and mother of two of his children, resulted in a settlement of $90 million, equivalent to $5 million per year of marriage.

  • Michael Douglas and Diandra Douglas

Two-time Academy Award winner Michael Douglas’s 23-year marriage to Diandra Douglas ended in a divorce settlement of $45 million, which translates to approximately $2 million per year of their marriage.

  • Madonna and Guy Ritchie

Madonna’s divorce from film director Guy Ritchie in 2008 reportedly resulted in a settlement of $76 – $92 million, paid to the British film director and her ex-husband of eight years. The specifics of their agreement remain private, so the exact reasons for the payment amount aren’t publicly disclosed.

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 ‘Pioneer Of Cable TV News’: Key Facts About CNN Founder, Ted Turner

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Ted Turner, the media businessman who founded CNN died at the age of 87. He died peacefully on Wednesday, surrounded by family, according to Turner Enterprises.

Contents

Launched 24-hour news television

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Built a media network

Expanded through sports

Recognition and influence

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Philanthropy and global causes

Environmental efforts

Health and later years

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Early career path

Leadership and legacy

Personal life

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Exit from business

Family

Below are key facts about his life and impact:

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Launched 24-hour news television

Turner founded CNN on June 1, 1980, introducing the first 24-hour news channel and changing how audiences follow global events.

READ ALSO:CNN To Layoff 200 Staff Amid Attempts To Modernise Business

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Built a media network

He moved from billboards into broadcasting, turning an Atlanta TV station into a national superstation in 1976. His business later grew to include CNN International, TNT, Turner Classic Movies and Cartoon Network.

Expanded through sports

Turner invested in sports broadcasting and owned teams including the Atlanta Braves and the Atlanta Hawks, using television to reach wider audiences.

Recognition and influence

In 1991, he was named Time magazine’s Man of the Year for his role in shaping modern news coverage.

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Philanthropy and global causes

He founded the United Nations Foundation and supported campaigns against nuclear weapons. In 1997, he pledged $1 billion to the United Nations.

READ ALSO:CNN President, Jeff Zucker Resigns After Failing To Disclose Secret Affair With Colleague

Turner supported conservation work, including reintroducing bison in the United States, and backed environmental education through the “Captain Planet” cartoon.

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Health and later years

In 2018, Turner revealed he had Lewy body dementia. He also recovered from a mild case of pneumonia in early 2025.

Early career path

He took over his father’s billboard company at 24 after his father’s death and later expanded into radio and television, despite limited experience in journalism.

I worked until 7 o’clock, and when I got home the news was over,” he once said. “So I missed television news completely. And I figured there were lots of people like me.”

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Leadership and legacy

READ ALSO:CNN Reporter Protests Nigeria’s $215 Single Entry Visa Fee

Ted was an intensely involved and committed leader, intrepid, fearless and always willing to back a hunch and trust his own judgement,” Mark Thompson, Chairman and CEO of CNN Worldwide, said in a statement. “He was and always will be the presiding spirit of CNN. Ted is the giant on whose shoulders we stand, and we will all take a moment today to recognize him and his impact on our lives and the world.”

Personal life

Turner married actress Jane Fonda in 1991, and they later divorced after 10 years, though they remained close.

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I would never love anyone like I love him,” she said. “But I just couldn’t keep moving in his world, along the surface for the rest of my life. I knew that I would get to the end of my life and regret not doing the things that I also needed to do for me.”

Exit from business

He sold his company to Time Warner in 1996 and later stepped away following its merger with AOL.

Reflecting on his life, Turner once said: “I lost Jane. I lost my job here. I lost my fortune, most of it. Got a billion or two left. You can get by on that if you economize.”

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Family

He is survived by his five children, 14 grandchildren and two great-grandchildren.

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Iran’s Nationwide Internet Shutdown Hits 70 Days

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NetBlocks, a monitoring group, has disclosed that an internet shutdown enforced by the Iranian regime has entered its 70th day, severing key access from swathes of the population under the shadow of war.

NetBlocks reported on Friday that the blackout has now surpassed 1,656 hours, marking more than two months since US-Israeli strikes pounded Tehran and escalated across the Middle East.

“Digital connectivity is vital in times of crisis,” NetBlocks said in a post on X. “Limiting service harms those most in need – people with disabilities, students, small businesses and the general public.”

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READ ALSO:US Underestimated Iran Before War – France’s Bardella

According to CNN, Iran imposed a separate internet shutdown on the country’s 92 million people earlier this year, when it launched the most lethal crackdown on anti-government protesters since the Islamic Republic’s founding 47 years ago.

CNN further reports that the latest blackout has cut off another potential lifeline for Iranian residents faced with high unemployment and economic pressure exacerbated by the US-Israeli campaign.

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(CNN)

 

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Gas Prices In US Edge Down After Two Weeks Of Increases

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The cost of a gallon of regular gas in the United States (US) has edged down a little more than a penny to $4.55.

According to AAA’s readings, this marks the first decline in the average gas price after 15 straight days of increases.

The decline is minuscule compared to the large increases in gas prices over the last two weeks.

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According to CNN, gasoline costs rose an average of nearly 4 cents a day during that period and had several daily increases of between 7 and 9 cents.

READ ALSO:Gas Station Explosion Rocks Calabar, Scores Injured, Property Destroyed

Also Read: Trump insists US-Iran ceasefire intact despite recent exchange of fire

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CNN also reports that based on past gas spikes, it will likely take weeks for gas prices to get down below $4 a gallon.

The report, however, states that a previous two-week stretch of gas price declines only shaved 14 cents off the average price, taking the average price to $4.02, before the recent 15-day run of increases.

READ ALSO:Tinubu Signs Executive Order To Protect Nigeria’s Oil & Gas Revenue

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According to CNN, it could take months for the average price to fall below $3 per gallon, as it did before the war in Iran.

CNN further reports that only one state – Oklahoma – now has an average price of less than $4 a gallon, and its average stands at $3.98. California has the highest average price at $6.16.

(CNN)

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