Newspaper article The Evening Standard (London, England)

Pay Your Ex-Wife [Pounds Sterling]8m. [Pounds Sterling]5.4m Is Not Enough; Oil Tycoon Faces Higher Bill after Appeal

Newspaper article The Evening Standard (London, England)

Pay Your Ex-Wife [Pounds Sterling]8m. [Pounds Sterling]5.4m Is Not Enough; Oil Tycoon Faces Higher Bill after Appeal

Article excerpt

Byline: Paul Cheston Courts Correspondent

AN OIL tycoon's ex-wife who said her [pounds sterling]5.4 million divorce payout was "far too low" has had it increased to [pounds sterling]8 million by Court of Appeal judges. Gareth Jones, 58, insisted that the original sum awarded last year was a fair price to pay for his marriage to Victoria, 44, which lasted 10 years. His lawyers pointed out that he started his business life as a 16-year-old apprentice before making his fortune in the offshore oil and gas industry, while his wife came from a privileged background, was "never expected to work by her parents" and lives in a [pounds sterling]2.1 million home in Gerrards Cross, Buckinghamshire.

However, Mrs Jones pointed out that her former husband sold his business Dominion Technology Gases for more than [pounds sterling]30 million in May 2007.

Sir Nicholas Wall, sitting with Lady Justice Arden and Lord Justice Wilson, agreed her settlement was too low given the scale of her ex-husband's fortune. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.