High asset divorces are not only for celebrities. A high asset divorce may also involve a high-profile couple that own millions of dollars in real estate, properties and business investments. Considering this, the divorce of financial powerhouse couple Ken Griffin and Anne Dias Griffin falls into the category of a high asset divorce.
According to the reports, Kenneth Griffin is divorcing his wife, citing irreconcilable differences as the reason for the split. The divorce filing may put his investment and other business assets, including Citadel, at stake. The 45-year-old man is the founder of Citadel LLC, a global financial institution that has been around since 1990. He is also the current CEO of the hedge-fund firm. His wife also has her own hedge-fund firm, Aragon Global Management. Although the divorce may pose questions regarding the future of Citadel, many hedge fund lawyers believe that the family law dispute probably not affect the hedge-fund company in the end.
The hedge-fund couple reportedly drafted a prenuptial agreement before they got married. Experts have stated that the legal document would provide guidance and protection to each party when it comes to the division of assets and marital properties. The prenuptial agreement also entitles Griffin's wife to cash in the event of a divorce. The billionaire, however, would keep the art and real estate, according to the agreement. A legal representative of Dias Griffin claims that the wife did not expect the divorce filing. However, they confirmed that the couple had been discussing the matter for nearly five months. The couple has also been living separately for more than a year.
The Citadel founder's divorce case may highlight the legal options that high-profile couples have when drawing up a marriage contract. A prenuptial agreement often exists in a high asset divorce in Kentucky and everywhere else in the U.S. because of the protection that it can provide to a couple. In this case, the prenuptial agreement prevents uncertainty about the future of the hedge-fund firm, allowing fewer controversies.