The Chinese tech aristocrat who bought happy dating app Grindr is profitable his mother an eye-watering $1.1 billion in a large divorce settlement.
Zhou Yahui, a authority of online gaming organisation Beijing Kunlun Tech, has concluded to send hundreds of millions of shares in a organisation to his wife, Li Qiong, according to a batch sell filing this week.
The outrageous allotment has done headlines in Chinese state media, that have described it as one of a costliest splits in a country’s history.
But underneath a polite intervention agreement released by a Beijing court, Zhou will palm over 278 million Kunlun shares to Li. The company’s batch in Shenzhen sealed Wednesday during 26.44 yuan, putting a value of a allotment during 7.35 billion yuan ($1.1 billion).
Zhou will sojourn a largest shareholder of Kunlun, that bought a infancy interest in Grindr progressing this year. Kunlun declined to criticism serve on a settlement.
It’s doubtful to be a final megabucks separate in China. The country’s divorce rate has climbed steeply in new years, according to state media. Meanwhile, new billionaires are being minted at a towering pace notwithstanding a economic slowdown.
The allotment between Zhou and Li eclipses a $975 million that U.S. oil aristocrat Harold Hamm paid his ex-wife final year.
But other super abounding businessmen — including media noble Rupert Murdoch and Formula 1 trainer Bernie Ecclestone — are reported to have shelled out good over a billion dollars for divorces in a past.
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