Wow, that is some serious settlement cash.

A Chinese chap called Zhou Yahui, who made his fortune through online gaming firm Beijing Kunlun Tech, has agreed to a settlement with wife Li Qiong that will see millions of shares transferred into her name.

Billed as one of the largest settlements in the country’s history, the value of the 278 million Kunlun shares currently sits at $1,1 billion (R16 billion).

Yahui’s firm acquired a majority stake in gay dating app Grindr back in January, their 60% ownership reported to have cost around $93 million (R1,3 billion).

The divorce settlement won’t exactly cripple Yahui (pictured below), with a recent report putting the couple’s wealth at over R50 billion.

Where does this settlement rank on the all-time list of biggest payouts? Here’s CNN:

The settlement between Zhou and Li eclipses the $975 million that U.S. oil tycoon Harold Hamm paid his ex-wife last year.

But other super rich businessmen — including media mogul Rupert Murdoch and Formula 1 boss Bernie Ecclestone — are reported to have shelled out well over a billion dollars for divorces in the past.

A Swiss court in 2014 ordered Russian oligarch Dmitry Rybolovlev to pay his former wife a record $4.5 billion, but a higher court reduced the sum last year to around $600 million.

Sounds like getting divorced can be a pretty lucrative business model.

[source:cnn]