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Wife awarded $530m in record divorce
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
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he estranged wife of a London financier was awarded£337 million ($530 million) on Thursday in one of the biggest divorcesettlements 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.
The son of a legal secretary and a car mechanic, Hohn was reported to have given away almost £1 billion between 2006 and 2011.
He was knighted this year for services to philanthropy and international development.
'Over the long term I am an unbelievable money-maker,' Hohn told the court, but adding that he did not 'really care about money' and that it did not bring happiness.
