Tuesday, September 6, 2011

Hedge Fund Mega-Millionaire Faces Biggest Divorce Settlement in History

U.K. hedge fund titan Pierre Lagrange, whose estimated fortune is around 330 million pounds, separated from his wife and three children about a year ago. Then he started a relationship with fashion male fashion designer Roubi L’Roubi. Now he's facing what could be the largest divorce settlements in the U.K.'s history.

Soon-to-be ex-wife Catherine could be entitled to more than 160 million pounds as part of the divorce settlement, The Telegraph reported.

Lagrange sold his "billionaires' row" mansion on Kensington Park Gardens for 90 million pounds ($146 million) to Russian billionaire Roman Abramovich, possibly in preparation for the settlement.

The long-haired, Belgian-born hedge fund manager is the co-founder of GLG Partners, which was later acquired by Man Group..

Read more at http://www.businessinsider.com/pierre-lagrange-roubi-lroubi-2011-9

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