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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

  • 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

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  • 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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Obasanjo Visits South-East Govs, Moves For Nnamdi Kanu’s Release

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The South East Governors, on Tuesday, hosted former President Olusegun Obasanjo who paid the governors a solidarity visit while they decided to meet President Bola Tinubu to press for the release of the leader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu.

Addressing the media, after over seven hours of marathon meeting, the Governors of the region who were all in attendance also set up a burial committee by Former Senate President, Anyim, Pius Anyim, for the late minister of Science and Technology, Dr Ogbonnaya Onu.

According to the Chairman of the South East Governors Forum and Governor of Imo state, Senator Hope Uzodinma, “The Forum commiserates with the family of Ebonyi, Abia, Imo and indeed the entire South East region and entire the family of Ogbonnaya Onu on the demise of His Excellency Dr Ogbonnaya Onu.

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READ ALSO: Bill To Create Etiti State In South East Passes First Reading

“The Forum received a delegation of the former President, Olusegun Obasanjo, Chief Emeka Anyaoku and His Royal Majesty Igwe Alfred Nnaemeka Achebe, who came on a solidarity visit to this Forum.

“The Forum deliberated on the reviewed report of the South East security and economic summit held in Owerri Imo state on the 28 September 2023 and agreed to implement the aspect of the report about security and economic integration of the South East region and affirmed its desire to put actionable plan on the key issues agreed.

“The Forum resolved to visit Mr. President to discuss all pressing issues concerning the South East region. The Forum also deliberated and resolved to interface with the Federal Government to secure the release of Mazi Nnamdi Kanu.”

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Other members of the Ogbonnaya Onu burial committee included the former Governor of Rivers State, Chibuike Amechi who serves as the Secretary of the committee, and other Igbo leaders drawn from the Igbo-speaking states.

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Protest, Unrest Looms As BEDC Disconnects UNIBEN From National Grid

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Students and staff of the University of Benin, UNIBEN, are sitting on the edge of provocation that could lead to unrest and strike over power outage in the school which has been on for over a month now.

The issue has now been compounded as the Benin Electricity Distribution Company, BEDC Plc, the power distribution company in Edo State, servicing the school, last week formally disconnected the school from its services as a result of non-payment of bills.

The reason behind the electricity crisis is attributed to the recent increase in electricity tariff for some categories of consumers as approved by the Nigerian Electricity Regulatory Commission (NERC ) which reportedly shot up the university’s monthly electricity bill from N80 million to over N250 million.

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The non-availability of electricity on the campus is putting a strain on the students and staff as they, including lecturers, have resorted to using solar powered facilities including lights in their offices with others using generators.

READ ALSO: Police Crack Down On Pro-Palestine Protest, Arrest Six Shi’ites In Abuja

The health centre at the Ugbowo campus is worst hit as health officials don’t have access to light from 10 pm when the three hours the school put on its generating set is exhausted daily and at times, workers on night duty use torchlights.

Strategic offices including the secretariat of the Academic Staff Union of Universities (ASUU) run on generators and there is no substantive Students Union Government (SUG) since the union was disbanded after some of its officials invaded the Senior Staff Quarters when a governorship candidate was their guest, an action that was seen as an affront on the management and staff of the university by the students.

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The students are at the mercy of the management of the school as at now.

The BEDC disconnected the university from its services following their inability to reach agreement over the contentious electricity billing.

READ ALSO: JUST IN: Police Arrest Suspected Killer Of Fresh UNIBEN Graduate In Delta

The obvious implication is that staff cannot deliver on their work 100 percent “because it is only the administrative block that the generator can power throughout working hours” and the students cannot have a conducive environment to learn.

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When contacted, the Head, Branding and Corporate Communications of BEDC, Mrs. Evelyn Gbiwen, attributed the increase in energy tariff to the directive of the NERC. “The new tariff system determines what ‘Band A’ customers would pay, there is nothing deliberate about any customer.

“It is a general policy that when customers don’t pay their bills, they will be disconnected. And it is when such a customer pays his bills that he would be reconnected,” she added.

The Public Relations Officer of the University, Mrs Beneditta Ehanire, when contacted said “Management is bending backwards really but will continue to sue for patience because everyone is tensed. Yesterday, a tanker was engaged to supply water to a hostel that had a water challenge.”

READ ALSO: 22-year-old UNIBEN Graduate Beaten, Raped To Death, Family Seeks Justice

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The statement the University issued a few weeks ago said the University paid the over eighty million Naira monthly bill up till April, 2024 in the two campuses of Ugbowo and Ekehuan.

“The delay to Pay the May bill is as a result of the disputed astronomically increased bill of over two hundred and fifty million naira, monthly, thrust on the University by BEDC.

“Despite the challenges, Management of the University has gone the length to ensure that students do not suffer unduly by providing generator light to all the hostels between the hours of 6am to 7am and 7pm to 10pm daily.

“Management appeals once again to staff and students to be patient and to demonstrate understanding of the situation as it is also exploring alternative power sources including solar energy.”

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JUST IN: South-East Governors To Meet Nigerian Govt Over Nnamdi Kanu

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South-East governors, on Tuesday, announced that they will interface with the federal government for the release of Mazi Nnamdi Kanu.

This formed part of the communiqué issued after a meeting of the Forum in Enugu.

At the meeting, which also had other stakeholders in attendance, were governors Hope Uzodinma, Dr. Alex Otti, Prof. Chukwuma Soludo, Rt. Hon. Francis Nwifuru of Imo, Abia, Anambra and Ebonyi states, respectively, as well as the host, Governor Peter Mbah of Enugu State.

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The communiqué reads,

“The Forum commiserated with Government and people of Abia State, Ebonyi State, Imo State, South East, Nigeria and Chief Ogbonnaya Onu’s Family on the demise of His Excellency, Dr. Ogbonnaya Onu.

READ ALSO: Delta Court Sentences Two To Death For Murder, Robbery, Rape

“The Forum received the delegation of the Former President Chief Olusegun Obasanjo, GCFR, Chief Emeka Anyaoku, GCON, and His Royal Majesty Igwe Nnaemeka Achebe, CFR, Obi of Onitsha who came on a solidarity visit to the Forum.

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“The Forum deliberated on the reviewed report of the South East Security and economic Summit held in Owerri on the 28th September, 2023 and agreed to implement the aspects of the report pertaining to security and economic integration and affirmed its desire to put actionable plans on the key issues agreed.

“The Forum resolved to visit Mr. President to discuss pressing issues concerning the South East Region.

“The Forum also resolved to interface with the Federal Government to secure the release of Mr. Nnamdi Kanu.”

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