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Billionaire Investor Has Decided to End His Marriage

Most divorce cases in Clinton Township and elsewhere involve people from regular middle class families. In those cases, the couple will have to determine how they will divide their property or let a court decide for them. Although the financial implications are meaningful for these couples they usually don’t carry the same impact as divorce settlements involving high-asset couples.

The billionaire CEO of a large hedge fund company has reportedly filed for divorce from his second wife. The couple has been married since 2003 and according to reports the couple did have a prenuptial agreement in place when they took their vows. According to the filing, 45-year-old Ken Griffin, the CEO of Citadel LLC, stated in the filing that trying to reconcile the marriage would not be in the best interest of the family.

The couple has three young children together and he is reportedly asking for joint custody with his wife Anne Griffin. Meantime, according to reports, Ms. Griffin was taken by surprise by the filing. Both parties are considered very wealthy; particularly Mr. Griffin who’s net worth is estimated to be $5.5 billion.

With so much money and other assets involved in this case, there is a lot at stake and it will be interesting to see how their divorce settlement eventually plays out. Any divorce situation can be difficult, but if you are involved in a high-asset divorce then having the help of an experienced divorce attorney on your side can make a huge difference. Now might be the best time for you to contact a knowledgeable divorce attorney.

Source: Chicago Tribune, “Hedge fund billionaire Ken Griffin files for divorce,” Becky Yerak, July 23, 2014.

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Lorrie J. Zahodnic

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Lorrie J. Zahodnic, P.C. has provided skilled and compassionate legal guidance to Michiganders in family law matters for over 20 years.

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