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Billionaire Hedge Fund Manager Israel Englander Pays Ex-Wife Who Left Him for Woman $1B in Divorce Settlement
Edited by: TJVNews.com
As divorce proceedings go in the world of the wealthy, powerful and affluent, this one has taken some interesting twists and turns. Page Six of the New York Post recently reported that Israel Englander, a billionaire hedge fund manager has quietly arranged a divorce settlement with his ex-wife who left him for a woman and he shelled out more than a billion dollars.
Forbes reported that Englander is the co-founder of Millennium Management and is worth $11.3 billion.
The Post’s Page Six also reported that Englander, 74, one of the world’s richest men, agreed to pay his former wife Caryl the super hefty sum following more than 40 years of marriage.
The settlement was made after Englander’s estranged wife, 69, filed an astonishing civil lawsuit alleging that Englander “became enraged” when she “fell in love” with Swiss gallerist Dominique Levy, 55, Page Six reported. Caryl Englander’s new love interest is the owner of the prestigious Dominique Levy Gallery on Madison Avenue, which sells works by artists such as Gerhard Richter, Frank Stella, Cindy Sherman and Jackson Pollock, Page Six reported.
The lawsuit that was filed said that Englander allegedly “terrorized” his estranged wife and her new girlfriend in an effort to bilk her of billions in their divorce settlement, according to court papers filed by the women in a new suit. .
The lawsuit which was filed in February in Manhattan Supreme Court said that upon discovering that his wife had a romantic involvement with another woman it was then that Englander launched efforts to squelch their relationship, the Post reported.
The lawsuit said that Englander had utilized his vast fortune to execute a “years-long campaign of duress” against the two women, the Post reported. He had them followed and photographed as well as hacking their emails and phones. He also interfered with their family lives, the suit claims.
The court papers also indicated that the 40-year marriage between Englander and his wife Caryl hit an irreparable snag in 2016 when it was discovered that Israel was “repeatedly unfaithful to Caryl.” This was stated in the lawsuit by Caryl and Dominique, the Post reported.
The Post also reported that the court filing has alleged that when Caryn and Levy fell in love, Israel “set out to terrorize the two women to force a break in their relationship, believing he could intimidate Caryl into ‘waking up’ and coming back to him.” The suit also alleged that the hedge fund manager’s efforts at harassing his wife and her partner commenced in 2017.
The court papers also said that Englander targeted his wife and her girlfriend by having them followed and surveilled by private investigators and former cops in an aggressive manner, the Post reported. The pair was followed while they were in New York as well as when they traveled together. The suit claims they were surveilled and followed during an August 2017 trip to Italy, the Post reported.
The suit also alleges that those that Englander hired conducted “near-constant” surveillance of the pair which included accessing their e-mails and phones, the reported indicated. The court documents claimed that Englander “seemed to know exactly where Caryl was going and what she was doing at all times,” the Post reported.
Moreover, the court papers say that Englander allegedly “wanted to punish Caryl and deprive her of her rightful, equitable share of the billions of dollars in marital assets that he and Caryl had built together over the course of their marriage.”
The Post reported that the suit also alleged that Englander’s aim was to “destroy” Levy’s gallery by hiring a company to get confidential information from her business and falsely claimed that she had carried out tax fraud “to US authorities, seeking to prompt an unwarranted government investigation of her.”
The filing also claims that Englander’s vengeance took its form in his attempts to destroy Levy’s reputation in the art world, the Post reported. He apparently tried to defame Levy to senior representatives at both the Christie’s and Sotheby’s auction houses.
