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Property tycoon ordered to pay ex-wife £300k a month

The High Court has ordered property tycoon Michael Fuchs to pay his ex-wife Alvina Collardeau-Fuchs £300,000 a month as part of their divorce settlement.

The couple got married in 2012 and lived an extravagant and luxurious lifestyle.

Fuchs is the co-owner of the Chrysler Building and has a significant property portfolio in Manhattan.

The couple signed a pre-nuptial agreement when they married, which laid out what share of their estate each party should receive in the event of them separating.

They updated this pre-nup agreement two years later and increased the amount to be paid to Collardeau-Fuchs if the marriage broke down.

However, when the couple did break up in 2020 Fuchs immediately reduced the amount of money he was prepared to pay.

The High Court was required to settle the distribution of the couple’s wealth.

Mr Justice Mostyn noted that Fuchs had assets of $1.064 billion and his wife nearly $4.5 million.

Collardeau-Fuchs wanted a monthly maintenance payment of £130,000 a month. Fuchs had offered her £31,000 a month.

The couple had “global annual living costs” of about £900,000.

Fuchs agreed to cover the cost of his wife’s staff and other overheads, and the judge ordered him to pay an additional £71,000 a month, making his annually maintenance commitment approximately £3.64 million.

The case went before the High Court as it has jurisdiction because the couple had shared a home in west London.

If you would like more information or advice about the issues raised in this article, or any aspect of family law please contact our expert legal team on 02080040065, by email at hello@southgate.co.uk or using the form below.

Case Citations: Michael Fuchs v Alvina Collardeau-Fuchs High Court Family Division Judge Mostyn

The contents of this article are general information only. The information in this article is not legal or professional advice. The law may have changed since this article was published. Readers should not act on the basis of the information included and should obtain independent expert advice from qualified solicitors such as those within our firm.

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