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Bill Gates to join exclusive club: The world’s 10 most expensive divorce settlements



Bill Gates

Billionaire Bill Gates and his wife Melinda are the latest power couple to hit the marital skids.

The Microsoft co founder and his spouse announced on Monday they are parting ways after 27 years of marriage.

Gates 54, is worth an estimated $136 billion and is the world’s richest person, according to Forbes.

His divorce settlement with his soon-to-be-ex, 56, promises to be one of the largest in history.

It remains to be seen how the divorce of Bill and Melinda plays out but, given his status as the fourth wealthiest man in the world, it’s a sure bet the eventual settlement will place the exes at the top of the pack for expensive splits.

Here’s a look at the 10 most expensive divorces to date.

10. Mel and Robyn Gibson

Estimated settlement amount: $425 million

Mel Gibson reportedly handed over half of his $850 million fortune when his split with his wife of 31 years, Robyn, was finalized in December 2011. Robyn reportedly is entitled to half of Mel’s wealth, as well as any future residuals from his films.

9. Craig and Wendy McCaw

Estimated settlement amount: $460 Million

The Seattle-area businessman was the founder of McCaw Cellular and Clearwire Corp. He split with former wife Wendy in 1998, just a few years after selling the McCaw Cellular to AT&T for between $11 billion and $12 billion. The settlement saw Wendy receive most of her $460 million payout in Nextel stock. The windfall allowed her to purchase the Santa-Barbara News-Press from The New York Times.

8. Dmitry Rybolovlev and Elena Rybolovleva

Estimated settlement amount: $604 Million

Russian billionaire Dmitry Rybolovlev and his ex-wife, businesswoman and socialite Elena Rybolovleva, separated after 26 years of marriage in 2008. Six years later, a Swiss court ordered Rybolovlev to pay his ex $4.8 billion. Rybolovleva’s windfall was not to be, however; in 2015, the court in Geneva reversed its decision and reduced her award to 564 million Swiss Francs. The pair are said to have amicably reached a settlement in October 2015; terms were not disclosed but it’s estimated Rybolovleva’s final payout was just north of $600 million.

7. Steven and Elaine Wynn

Estimated settlement amount: $741 million

In March 2010, Las Vegas casino mogul Steve Wynn filed for divorce from wife Elaine and had to pay an estimated $741 million in Wynn Resorts stock. Now 76, Elaine Wiynn, a long-time member of Wynn’s board, is the company’s largest shareholder This was actually the second time that the couple divorced, the first being a five-year period starting in 1986, according to The New York Times.

6. Adnan and Soraya Khashoggi

Estimated settlement amount: $874 Million

Although they filed for divorce in 1974, it took Soraya Khashoggi until 1979 to sue — to the tune of $2.54 billion — her ex-husband, Saudi billionaire entrepreneur and arms dealer Adnan Khashoggi. In 1982, the couple agreed to a settlement that reportedly landed British-born Soraya (nee Sandra Daly) $874 million. At one time, Adnan, who died at age 81 in 2017, was estimated to be worth $4 billion, but lost his billionaire distinction in 2007. Soraya, 77, has claimed she never actually received any cash from Adnan and now apparently lives a modest life in London.

  1. Harold Hamm and Sue Ann Arnall

Estimated settlement amount: $974.8 million

In 2012, CEO Harold Hamm and wife Sue Ann Hamm filed for divorce after 24 years of marriage. The oilman had an estimated $11 billion prior to the filing. In 2014, Hamm, now 73, her 5 percent of his total net worth. He wrote her a check for $974,790,317.77 — which she reportedly promptly cashed.

4. Bernie and Slavica Ecclestone

Estimated settlement amount: $1.2 billion

The 2009 divorce between billionaire Bernie Ecclestone, now 88, and wife Slavica, a Croatia-born former model, was at the time thought to be the most expensive in history — in the range of $4 billion. However, the final settlement between Ecclestone and Slavica, now 60, is estimated by various reports to be in the range of $1 billion to $1.2 billion. The settlement has not been made public, but experts from across the globe believe the latter number is more realistic.

  1. Rupert and Anna Murdoch

Estimated settlement amount: $1.7 billion

In 2013, media mogul Rupert Murdoch and his former wife, Anna (now Anna Murdoch Mann) divorced. After a marriage of 32 years and three children together, the couple split in 1999. Under terms of the settlement, (which included $110 million in cash) went to Anna. Seventeen days after the divorce was finalized, Rupert wed Wendi Deng, 38 years his junior, while Anna married investor William Mann several months later. Murdoch and Deng divorced in 2013; in 2016, he wed former model Jerry Hall — his fourth marriage.

2. Alec and Jocelyn Wildenstein

Estimated settlement amount: $3.8 billion

Art dealer Alec Wilderstein and New York socialite Jocelyn Wildenstein divorced in 1999, and she was entitled to $2.5 billion and an annual $100 million for 13 years, according to Reuters. Jocelyn Wildenstein, widely known for her many cosmetic surgery procedures, was instructed by a judge not to use her alimony payments for cosmetic surgery, according to Reuters. She is now 78; Alec Wildenstein died of cancer in 2008 at age 67.

1. Jeff and MacKenzie Bezos

Estimated settlement amount: As high as $38 billion

Amazon billionaire Jeff Bezos hands over a 4% stake in the online shopping giant to his ex-wife MacKenzie Bezos.

Despite handing over the vast sum, Jeff Bezos will still be the world’s richest individual with a $202bn fortune.

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Another Lagos LGA chairman dies

Hon. Olufunmi Rafiu Olatunji, Chairman of Eti-Osa East Local Council Development Area in Lagos is dead



Chairman of Eti-Osa East Local Council Development Area in Lagos Hon. Olufunmi Rafiu Olatunji is dead.

Olatunji died on Monday night.
It was gathered Olatunji had been battling with illness before his death.

He will be buried in accordance with Islamic rites today at his residence in Sangotedo, Ajah, Lagos.

Before his demise, he was seeking re-election on the platform of the ruling All Progressives Congress (APC).

He emerged winner in the APC local government primary election with 1977 votes to become the party’s candidate in the forthcoming July 24th election.

Confirming his death, his Media Team on Tuesday morning in a Facebook post said: “With sorrow in our heart but in total submission to the will of Almighty Allah (S. W. T), we announce the passing, after a long battle with illness, our dear father, brother, friend, confidant, role model, Nation-builder, Hon. Olufunmi Rafiu Olatunji.

“He was until late night of Monday 21st June, 2021 the Executive Chairman of Eti-Osa East Local Council Development Area, Eti-Osa Local Government.

“He will be buried in accordance to Islamic rite by 9 am prompt at his residence in Sangotedo, Ajah, Lagos. We invite you to join us in paying the last respect to our beloved father, brother, friend and Boss.

“We are confident that Almighty Allah will grant him Al Jannah Firdaus.”

In a terse statement, chairman of Lagos Mainland Local Government, Hon. Mrs Omolola Essien expressed sadness over his sudden demise.

She said: “We commiserate with his family, friends, colleagues and staff of Eti-Osa Local Council development Area and pray against such unfortunate deaths in our fold.

“And On behalf of the good people of Lagos Mainland Local Government Areas, I want to express my heartfelt condolences to the Conference 57 Chairmen, his family and pray that The Good Lord grants the people he left behind the fortitude to bear the loss and make paradise his final abode.”

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Lagos Assembly passes LASIEC Amendment Bill



The Lagos State House of Assembly has passed the State Independent Electoral Commission, LASIEC (Amendment) Bill, 2021 for passage into Law.

Speaker of the State House of Assembly, Mudashiru Obasa on Monday, passed the bill Having gone through its first, second and third reading at the plenary.

Obasa stated that: “The Election process of the Local Government and LASIEC which has started with the Parties contesting for the position is possibly affecting the tenure of the existing LASIEC Officials and the State needs to be on the safe side, hence, the need to look at the laws and amend where necessary to protect the effort of the Lagos State Independent Electoral Commission.

“The Intended Bill will empower the Governor to elongate the tenure of the officials of LASIEC and I think the six month proposed is too wide in this consideration because we need to be ahead in order to protect the State, so I proposed three month.”

The Chairman of the Committee on Judiciary, Human Rights, Public Petitions and LASIEC, Victor Akande, stressed that the amendment being proposed was needed to ensure the Bill gets the necessary backing in order to stand the test of time.

Akande stated: “Only a singular fraction of the Bill is amended; the Bill also seeks to give the Governor the leverage to be able to use his power in case the tenure lapses. It is a good amendment in the right direction.”

Other members who made contributions, noted that the proposed amendment is a worthy one because the House and its democratic dispensation must ensure that it abides by the rule of Law.

The only addition is subsection 2 of the extant Law which provides for legislation that will necessitate the extension of the tenure of the Electoral Commission to perform it duties is however proposed to be amended since the Constitution states that no part of the people from the Commission shall administer themselves as democratically elected among the selection in the electoral process.

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DSS releases Kano singer detained for Blasphemy



The Department of State Services (DSS) has released an Islamic singer, Ahmad Abdul, taking into custody after releasing a blasphemous song.

DailyTrust reports that Abdul was picked by the security agents for releasing the uncensored song titled ‘Barhama Gwaska’, perceived as blasphemous and capable of creating chaos in the state. The DSS had said it took the singer into protective custody to avert likely violent reactions against him from Kano residents.

While in detention, Abdul tendered an apology to the entire Muslim community, Kano state government, and Islamic scholars.

Confirming his release from custody today June 21, the Executive Secretary of Kano State Films and Video Censorship Board, Ismaila Na’abba Afakallah, said he had received hundreds of petitions against the song from concerned citizens. Afakallah said he reported the singer to the DSS which later arrested him at a hotel where he had been hiding for days to save him from the mob.

“He has been released as he regretted and apologised over his offence, promising not to repeat it” Afakallah said

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