A hedge fund boss faces one of the biggest divorce payouts in Britain after he announced to friends and family that he was gay.
Pierre Lagrange, 49, said the separation between he and his estranged wife Catherine was amicable and confirmed the couple had filed divorce papers at the High Court.
The former Goldman Sachs and JP Morgan trader has since started a relationship with fashion designer Roubi L’Roubi and the two were pictured together at this summer’s Venice Biennale.
Lavish: Lagrange recently sold the family home in Kensington Gardens for £90m
Lagrange was named as one of the richest 250 people in the UK and has an estimated personal wealth worth £350m.
He founded GLG investment and also made millions by investing with Ryan Giggs, David Beckam, Gary Lineker and others in a fund that financed the film Avatar.
Tycoon Pierre Lagrange, pictured right with Roubi L’Roubi, has sold his house to help pay for Britain’s biggest divorce settlement
Lagrange, who separated from his wife a year ago, also recently sold the family home in Kensington Palace Gardens, west London.
The house was bought for £19m in 2004 but various renovations saw the value increase to £90m and it has now been sold to Chelsea football club owner, Roman Abramovich.
The lavish Grade II-listed property boasts an Olympic-sized swimming pool, male and female changing rooms and a third floor has been added.
According to the Sunday Times divorce experts anticipate Mrs Lagrange could get up to half of her husband’s fortune, making it one of the country’s biggest divorce settlements.
In July, the wife of Boris Berezovsky, 64, had to pay his wife Galina a settlement estimated at more than £100m.
Belgian-born Lagrange said: ‘My divorce reflects the reality of a separation that has happened a long time ago.
‘Our divorce has been the most amicable one, with respect and love from all parties.’
He also confirmed that he was in a relationship with Mr L’Roubi but said he only met the designer ‘long after’ he and his wife had decided to go their separate ways.
Mr Lagrange has since become a director of his new partner’s company, Asked for Designs.
The Lagrange’s have close links to the Conservative party. In 2005 it emerged that Mrs Lagrange had given £50,000 to the party.
She handed over a further £100,000 to the party nine weeks before the last general election.
First, the back story: Martin Coward and Elena Ambrosiadou, currently in the process of getting divorced, were once partners in business and in marriage. They met at Cambridge, fell in love, and founded hedge fund group Ikos in 1992.
Math nerd-cum-ladies man Coward was “the brains” behind the investment strategy and research, while Ambrosiadou, who holds a master’s degree in business, was named chief executive, ran operations and “was a key driver of growth.” In the beginning, things went prettay prettay prettay well. Then it turned ugly.
While he was on one of his vacays (this one was skiing the Alps), Ambro made the executive decision to fire one of her husband’s London-based research teams without letting him know first. And Coward did not like that!