Russian billionaire faces $7 billion divorce declare

Russia’s second-richest man could possibly be pressured to pay one of many largest divorce payments in historical past, as his ex-wife sues him for 1 / 4 of his fortune in a British court docket.

On Tuesday, Bloomberg reported that Vladimir Potanin faces a brand new authorized battle along with his former partner in a civil go well with filed in London. British judges have beforehand been recognized to divide a pair’s property equally in such instances.

Potanin is value round $30 billion, in response to Forbes, a lot of it thanks to an enormous stake in Russian mining firm Norilsk Nickel. But he stands to lose greater than $7 billion of that fortune if his ex-wife, Natalia Potanina, succeeds in suing him for 50% of his shares within the agency, which is among the world’s largest steel producers.

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If backed by the decide, Potanina would stand to gather the third-largest divorce payout in historical past, after these involving Amazon founder Jeff Bezos and Microsoft pioneer Bill Gates. In 2019, Bezos paid his ex-wife, MacKenzie Scott, $38 billion value of inventory in his firm, instantly making her one of many richest ladies on the earth. Earlier this yr, it was reported that Gates and his ex-wife, Melinda French Gates, could be splitting a fortune value greater than $131 billion following their separation.

The largest publicly recognized divorce payout within the UK, the place the case can be heard, is $631 million, which went to the spouse of billionaire Farkhad Akhmedov, though the 2 are understood to have settled with a fee value lower than a 3rd of that quantity.

Potanina claims to have already acquired $40 million after divorce proceedings in Russia, whereas Potanin insists that she obtained $84 million. In a earlier resolution, a British decide referred to as this a “paltry award” contemplating his wealth and their 31-year marriage.

Potanina efficiently overturned a choice in a decrease court docket that accused her of “divorce tourism.” Her ex-husband is now ready to listen to whether or not the UK Supreme Court will contemplate his attraction to throw out the case.

The billionaire businessman made his fortune within the 1990s, after the autumn of the Soviet Union, when he acquired his stake in Norilsk Nickel via the controversial ‘loans for shares’ program, which created different ultra-wealthy tycoons equivalent to Roman Abramovich. He and Potanina married in 1983 and introduced their divorce in 2014.

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