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$250 million settlement awarded to billionaire's ex-wife

By CAROLINE LEE, UPI.com
In this handout photo provided by MTV, model Cindy Crawford, husband Rande Gerber, actor Jeremy Piven, actor Mark Wahlberg and Stewart Rahr participate in the Hope For Haiti Now: A Global Benefit For Earthquake Relief telethon on January 22, 2010 in Los Angeles. UPI/Jeff Kravitz/HO
In this handout photo provided by MTV, model Cindy Crawford, husband Rande Gerber, actor Jeremy Piven, actor Mark Wahlberg and Stewart Rahr participate in the Hope For Haiti Now: A Global Benefit For Earthquake Relief telethon on January 22, 2010 in Los Angeles. UPI/Jeff Kravitz/HO | License Photo

In December 2012, billionaire Stewart Rahr and his wife Carol announced their divorce after 43 years of marriage.

Rahr, 67, started his pharmaceutical company Kinray after they were already married, so the couple did not have a prenuptial agreement, according to Inquisitr.

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Accordingly, Carol Rahr gets a large part of his fortune -- a cool $250 million, plus the couple's $30 million Trump Park Avenue apartment.

The New York Post reports that Carol served Stewart with divorce papers and got an A-list attorney. The Post reported on speculation that the divorce was motivated by Carol's concern that Stewart was giving too much to charity, and that he could give all of their fortune away.

The settlement is one of the most expensive divorces in legal history, but Stewart Rahr will be able to maintain his self-given nickname the "King of All Fun," as he keeps the $45 million Hamptons home, where he has hosted many charity events.

Forbes estimated his net worth as $1.6 billion in March. He sold Kinray Pharmaceuticals in 2010 for $1.3 billion.

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