![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/man-who-refused-to-pay-ex-45m-so-kids-learn-value-of-money-forced-to-pay-37m/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/0_BinnShot-September-2011.jpg&description=Michael Fuchs must pay his estranged wife, former journalist Alvina Collardeau-Fuchs, 47, £37 million - less than the £45 million she said she was entitled to, but more than what he had offered.Alvina Collardeau-Fuchs and Michael Fuchs in 2011 The former wife of a billionaire property tycoon, who refused to pay her the £45 million she said she was entitled to, has been ordered to give her £37 million. Michael Fuchs previously argued that their children needed to "learn the value of money", which wouldn't happen if he paid Alvina Collardeau-Fuchs, 47, such a large sum. At a preliminary hearing at the Family Division of the High Court in London in the summer, he said "smothering them in luxuries makes them jaded". He also said his wife - a former journalist from France - was claiming £45 million out of "greed, not need". The couple circa 2011 ( WireImage) According to Bloomberg, Mr Fuchs owns the Chrysler Building in New York ( Getty Images) Representing Fuchs, Patrick Chamberlayne KC said Collardeau-Fuchs was entitled to £30 million instead of the fee she is asking for. However Mr Justice Mostyn published a ruling yesterday (Monday) that ordered Mr Fuchs to pay his estranged wife £37 million. Mr Fuchs, originally from Germany and Ms Collardeau-Fuchs married in New York in 2012, shared a home in London and separated in 2020, the judge heard. They have two children together. At the preliminary hearing the judge was told that Mr Fuchs was a billionaire. At an October hearing, meanwhile, Mr Fuchs, who, according to financial news agency Bloomberg owns the Chrysler Building in New York, said that the "value of his fortune had plummeted recently due to the turbulent economic climate". The judge heard that Mr Fuchs had enjoyed an "extraordinarily successful career" and owned a "very significant amount of prime mid-town Manhattan real estate" before marrying Ms Collardeau-Fuchs.. The judge had to consider a forgery allegation made against Mr Fuchs by Ms Collardeau-Fuchs. She){kind=link}
Michael Fuchs must pay his estranged wife, former journalist Alvina Collardeau-Fuchs, 47, £37 million – less than the £45 million she said she was entitled to, but more than what he had offered.
The former wife of a billionaire property tycoon, who refused to pay her the £45 million she said she was entitled to, has been ordered to give her £37 million.
Michael Fuchs previously argued that their children needed to “learn the value of money”, which wouldn’t happen if he paid Alvina Collardeau-Fuchs, 47, such a large sum.
At a preliminary hearing at the Family Division of the High Court in London in the summer, he said “smothering them in luxuries makes them jaded”.
He also said his wife – a former journalist from France – was claiming £45 million out of “greed, not need”.