Chinese vaccine tycoon’s ex-wife becomes an overnite billionaire with a record divorce settlement of $3.27 billion

Du Weimin - Chinese billionaire


There are many benefits of marriage like love, companionship, romance at least till it lasts. But for some, divorce can be more advantageous than marriage. In the case of Yuan Liping, and husband Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co. divorce has given her immediate beneficial results; to be specific the now ex-wife of ‘vaccine emperor’ of China is the newest Asian billionaire after receiving some £2.6billion worth of shares from her former partner in what is being called one of the world’s most costly break-ups. Canadian-Chinese Yuan Liping, 49, served as a director of Kangtai between May 2011 and August 2018 and keeps a low profile. Mr. Du, the chairman of Shenzhen Kangtai Biological Products, transferred more than 161.3million shares to Ms. Yuan with each stock amounting to $19.8 making the total value of the settlement a whopping $3.2 billion. Mr. Du is said to be one of the richest, self-made individuals in china who owes a lot of his success to being a major producer of the Hepatitis B vaccine in the country. Even though he has given a hefty amount as settlement for his divorce his shares will continue their ascent as the company has announced a plan to develop a vaccine to fight the coronavirus.

This story reminds remind us of another expensive divorce- Amazon’s Jeff and MacKenzie Bezos. Mr Bezos, the world’s richest man, left his wife a four percent stake in the company making her the world’s fourth-richest woman.

READ:  German Billionaire who cut employee wages treats himself to a $100mn yacht

[Via: Dailymail]