The estranged wife of billionaire financier Sir Chris Hohn has decided not to contest her recent record-breaking divorce settlement.
Jamie Cooper-Hohn was awarded £337 million last month – one of the largest divorce settlements ever reached in the English courts. Despite its size however, the award represented just 36 per cent of the matrimonial wealth. Sir Chris, to whom she was married for 17 years, successfully argued that he had made a ‘stellar contribution’ to the couple’s fortune and this claim was accepted by the Judge.
In a statement issued yesterday, Mrs Cooper-Hohn announced that she had no plans to appeal the ruling. She will instead concentrate on charity work and raising her four children.
However, she did take the opportunity to criticise the concept of stellar contributions in divorce, saying they place undue emphasis on wealth generation and diminish “the important contributions that those who take on the responsibility to raise children and work in less lucrative sectors make to our society.”
Mrs Cooper-Hohn, from Chicago, met her future husband at a party while both were attending Harvard Business School in the early 1990s.
Photo of Harvard Business School by LouisL via Flickr