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Duncan Bannatyne and wife 'begin divorce proceedings'

Duncan Bannatyne and wife 'begin divorce proceedings'

Duncan Bannatyne is set to separate from his wife after the couple began divorce proceedings to bring their five-year marriage to an end, it has emerged.

According to the Daily Mail, the multi-millionaire entrepreneur - a star of the BBC's Dragons' Den television programme - is splitting up with his estranged partner Joanne McCue.

The couple have two children together and it is thought Ms McCue is demanding a considerable divorce settlement from the 62-year-old businessman - who has forged a successful career in the property and health club industries - before their separation is finalised.

She is reported to be asking for an allowance of some £1,000 per day from Bannatyne - who, according to the Sunday Times Rich List, is worth more than £400 million - and it remains unclear as to whether the pair signed a pre-nuptial agreement before tying the knot.

A source close to the close told the news source: "Duncan has been really upset by the break-up and has taken it quite badly."

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Posted by Chris Stevenson