Chinese billionaire Zhou Yahui recently divorced his wife, costing himself $1.1 billion in one of the biggest divorce settlements in Chinese history.
Earlier this year, the tech tycoon used some of his fortune to purchase a controlling stake in the world’s largest gay dating app, Grindr. We can’t help but wonder if his divorce had anything to do with testing out the new app he bought.
Zhou’s online gaming company, Beijing Kunlun Tech, released a statement saying that Zhou had transferred 278 million shares worth about 7 billion yuan ($1.1 billion) to his wife Li Qiong following a settlement at a Beijing civil court. Zhou will now hold a 34.5% stake in Kunlun, while Li will hold a 26.4% stake, Bloomberg reports.
According to SCMP, this is quite a bit more than the previous highest divorce settlement on record in China. In 2012, Yuan Jinhua, the vice-president of Shanghai-listed machinery manufacturer Sany Heavy, gave his former wife 2.4 billion yuan.
Zhou and his (former) wife are worth around $3.5 billion in total, according to the Hurun Report, which named Zhou the richest Chinese under 40 earlier this year. Don’t worry, he would have lost that title anyway, he’s 39.