Many Florida readers will recall media coverage of the divorce between the founder of Cancer Treatment Centers of America and his much younger wife. The divorce was finalized, but the wife has filed an appeal in the high asset divorce case. She wants the court to reconsider how her former husband’s assets were valued.
The wife, now 52 years of age, received a lump-sum payment of $6.5 million, along with alimony of $55,000 per month. She asserts, however, that her ex is worth far more than the court estimated. Specifically, she notes the valuation of their Barrington Hills estate as well as other assets. If she is able to support those claims with evidence, the settlement amounts could change.
The couple had a prenuptial agreement in place that stated that there would be no alimony if the marriage was of short duration. Because the union lasted for many years, the wife was able to pursue spousal support. The couple had a child together who is now an adult. The divorce case went on for a long period of time, and many expect the appeal to also be lengthy.
While the settlement may seem like a substantial volume of wealth to some, the divorce proceeding revealed details of the extravagant life led by the couple. As is the case in many high asset divorce matters in Florida and elsewhere, the former wife is seeking a division of assets in line with the couple’s marital wealth. Fair and balanced property division is the central focus of most divorces, no matter how much wealth is at stake.
Source: Chicago Tribune, “Ex-wife of Cancer Treatment Centers founder appeals multimillion-dollar divorce ruling“, Amanda Marrazzo, Dec. 14, 2017