Tycoon’s wife gets $530m in UK’s costliest divorce

LONDON (TIP): The estranged wife of a London financier has been awarded $530 million in one of the biggest divorce settlements seen in a British court. Details of the payment to US-born Jamie Cooper-Hohn, 49, emerged after a draft judgement was given to lawyers ahead of a final ruling. Cooper-Hohn’s lawyers were reported to be considering an appeal to get an ever bigger payout. Cooper-Hohn had separated from hedge fund manager Chris Hohn, 48, after being married for 15 years and the two had fought over assets worth over £700 million.

Hohn had offered his wife a quarter of the fortune, but she argued that their wealth was the result of a partnership. The two, who met while studying at Harvard University and have four children, founded charity the Children’s Investment Fund Foundation to help the poor in developing countries. The son of a legal secretary and a car mechanic, Hohn was reported to have given away almost £1 billion between 2006 and 2011. He was knighted this year for services to philanthropy and international development. “Over the long term I am an unbelievable moneymaker,” Hohn told the court, but adding that he did not “really care about money” and that it did not bring happiness.

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Philippines’ Duterte, in China, announces ‘separation’ from US

BEIJING (TIP): Philippines' President Rodrigo Duterte declared his "separation" from longstanding ally the United States in Beijing on Oct 20, as he rebalances his...
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