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UK Wedding News

22/11/2013

'Disgraceful' Divorce Settlement For Tycoon's Wife

The estranged wife of business tycoon Scot Young has hit out at the divorce settlement, labelling it as "disgraceful".

According to The Independent, Michelle Young, who was seeking £300m from her former husband, was awarded a lump sum of £20m; half of her partner's fortune.

However, Ms Young has criticised the ruling and claims her husband has hid his fortune from her to avoid paying out a large amount of money in their divorce settlement.

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Earlier today, a High Court judge, Mr Justice Moor, said Mrs Young should get a lump sum of £20m.

In response, Mrs Young said: "It's disgraceful. I stand by what I said. He's worth billions."

Her former partner disagrees, stating he is bankrupt and has debts worth £28m.

The Youngs, who live in London and have two children together, started their relationship in 1989. They separated in 2006 and have been involved in a long and bitter battle over their divorce settlement.

(JP/CD)

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"The estranged wife of business tycoon Scot Young has hit out at the divorce settlement, labelling it as "disgraceful"."