Chinese Billionaire Agrees to Pay Wife $1.1 Billion as Divorce Settlement

A famous Chinese billionaire, Zhou Yahui, has reached a divorce settlement with his wife according to which he will pay 7.1 billion yuan, equivalent to $1.1 billion. This is one of the most expensive divorces on record.

Zhou Yahui is a 39 year old self-made billionaire, who is the CEO of an online gaming operator in China called Beijing Kunlun Tech. The company is currently worth $4.3 billion. Zhou also owns the gay dating app Grindr, and more.

According to the Chinese stock exchange filings the businessman agreed to transfer 278 million shares of his online gaming company to Li Qiong.

This is not the first time we have seen ridiculous divorce settlements from China.  The billionaire chairwoman of property developer of Longfor Properties, Wu Yajun, paid husband Cai Kui 20 billion Hong Kong dollars, equivalent to $2.75 billion in 2012. The vice president of heavy equipment maker Sany, Yuan Jinhua, agreed to pay his wife Wang Haiyan 2.26 billion yuan, equivalent to $359 million. 

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