Web billionaire to pay $1.1 billion divorce settlement

An online gaming mogul with a controlling share of the dating app Grindr will now be paying over one of the largest divorce settlements in history.

Forbes.com reports that Zhou Yahui agreed to transfer 278 million shares of China-based Beijing Kunlun Tech to Li Qiong according to a Chinese stock exchange filing.

The value of those shares is equivalent to $1.1 billion in U.S. currency. Yahui currently owns a $1.5 billion share – about 34 percent - of the company but, according to Forbes, will maintain control after the settlement.

It’s an almost unimaginable number to have – much less lose. But while ranking as one of the largest divorce settlements in the country, it’s not the only one to break the billion-dollar mark.  In fact, chairwoman Wu Yajun of Longfor Properties paid her husband the equivalent of $2.75 billion just a few years before.

See the full story at Forbes.com.

(© 2016 WXIA)


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