Man ordered to pay ex-wife $6m after appeal

The Straits Times

The Court of Appeal has ordered a man to pay his former wife $6 million after allowing his appeal in part to reduce the value of total matrimonial assets to $35 million in their divorce settlement. The woman is now entitled to about $11.6 million worth of joint assets, including the matrimonial home valued at $3.95 million and other assets worth $1.7 million. This came after the Court of Appeal upheld a High Court judge's earlier decision that the couple's total matrimonial assets should be divided 67:33 in favour of the husband, who is a co-founder of a venture capital fund.