The billionaire hedge fund founder, who manages the $26 billion hedge fund, Citadel LLC, has finalized his divorce proceedings. News was released on Wednesday that Kenneth Griffin reached the divorce settlement with his wife, Anne Dias Griffin. Anne Dias Griffin is also a wealthy hedge fund manager herself.
The high net worth divorce went to trial on Monday in a Chicago court; however, the judge put the proceedings on hold so that the parties could try to reach an out of court settlement. Details relating to the settlement's terms have yet to be released. Attorneys representing the parties were not available to discuss the matter.
The Wealthy Power Couple Has 3 Children Together
Forty-six-year-old Kenneth Griffin and 44-year-old Anne Dias Griffin have been married since 2003 and have three children. Kenneth Griffin filed for divorce last year, and cited irreconcilable differences as the reason for the break up. Anne Dias Griffin claimed that her husband filed for divorce while she was vacationing as a way of catching her off guard.
The high net worth power couple's divorce proceedings have been in the news ever since the divorce announcement, mainly due to the extravagant demands and accusations spurred by the break up. Anne Dias Griffin initially demanded child support payments of $1 million per month based on previous spending habits. She also requested to move her children from Chicago to New York. Meanwhile, Kenneth Griffin recently bought a penthouse in New York valued at $220 million.
2 Independently Successful Hedge Fund Managers
Kenneth Griffin built his investment fortune while a student at Harvard. He started trading investments out of his dorm room, and later created the hedge fund Citadel, which is now one of the most profitable hedge funds in the world. Meanwhile, Anne Dias Griffin started her hedge fund, Aragon Capital, in 2001. In 2003, the couple was married in a lavish ceremony in Versailles.
From a legal perspective, it will be interesting to see how this couple settled their divorce and what kinds of terms they have agreed to. Whenever a high degree of wealth is involved, divorce matters -- particularly asset division -- can become infinitely more complicated.
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