Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin’s has settled a long-running divorce battle with his wife just a day before the start of what promised to be an ugly battle in court.

Griffin and his wife, Anne Dias-Griffin, have been married for eleven years and have three children together. He founded Chicago-based hedge fund Citadel in 1990 with $4.6 million and subsequently built into a global alternative investment powerhouse managing more than $28 billion in assets. Griffin’s personal net worth has been estimated to be $6.9 billion, according to court documents.

The couple’s divorce trial was scheduled to begin in Chicago on Monday morning, but last-minute settlement discussions gave the court cause to postpone it until Wednesday. A settlement was reportedly reached on Tuesday night, and a judgment for dissolution of marriage was entered, according to a Cook County spokesman. 

By avoiding what was billed in the media as the “hedge fund divorce trial of the century”, Griffin and his now ex-wife spare themselves and their family a bruising fight over the validity of their prenuptial agreement, plus separate trials over child support and custody.  

Monetary terms of the settlement were not disclosed, but the couple will share custody of their children. The prenup called for Dias-Griffin to receive $1 million for each year of marriage plus $22.5 million, as well as various other elements, and pre-trial documents show she was asking for $1 million per month in support. 

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