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Financier could face divorce settlement of £160m

Financier could face divorce settlement of £160m

A divorce case currently being processed in the High Court may result in one of the biggest ever settlements being awarded under family law in the UK.

The separation of Pierre Lagrange - a hedge fund manger who is one of the country's wealthiest men with a fortune estimated at around £330 million - from his wife Catherine could see an agreement of more than £160 million being finalised.

Belgian-born Mr Lagrange - who established the GLG hedge fund operation - left his partner and three children prior to beginning a relationship with male fashion designer Roubi L'Roubi.

Meanwhile, the 49-year-old also sold his home in Kensington Palace Gardens to Chelsea Football Club owner Roman Abramovich before legal proceedings got underway, High Court papers indicate.

This comes after the Daily Telegraph reported that Mr Justice Moylan rejected a claim from a divorced woman that she was entitled to a multi-million pound share of her ex-husband's estimated fortune of £24 million as this money was "not a product of her endeavours".

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Posted by Chris Stevenson