One of the financial world’s nastiest divorces just became a bit more toxic.
Looking to fight back against the financial demands of estranged wife Anne Dias Griffin, hedge fund billionaire Ken Griffin has filed in court an itemized list of what she claims are $1 million in monthly expenses.
They include:
- $160,000 for vacation accommodations
- $6,800 for groceries
- $7,200 for dining
- $2,000 for stationery
- $60,000 for office space and professional staff
- $300,000 for a private jet
Dias Griffin, having already failed in her attempt to get a court to order payment on these expenses as part of marital maintenance, now is making a plea for the payments as child support, Griffin claimed in the court filing.
“The only thing Anne has done is to state what Ken’s historic spending was for their children during the marriage and what it would cost to replicate that, as required by Illinois law.”
In addition to making the potentially embarrassing monthly expenses public, Griffin told the court that his wife exaggerated her accomplishments while running her own hedge fund.
Dias Griffin, through a spokeswoman, said Griffin “continues to lie with impunity.”
“Who knows what the truth is?” asked James Feldman, a Chicago divorce lawyer not involved in the case.
Griffin, who claims to be paying virtually 100 percent of every expense related to the children — including four nannies — has already cut off her credit cards and banned her from their homes in New York, Aspen, Miami and Hawaii, according to court papers.
Griffin claims that Dias Griffin, who was worth only $1 million when they married, has already received about $40 million through their prenuptial agreement.
Dias Griffin, 43, has claimed that she shut down her hedge fund, Aragon, to raise the couple’s three children.
But Griffin claimed in the new court filing last Friday that Aragon was shuttered because it was losing money.
Griffin, 46, and worth $5.5 billion, said that he was the largest single investor in Aragon after their marriage in 2005 until Dec. 31, 2009, accounting for 70 percent of the capital in 2006.
The fund lost 5 percent in 2010 and 11 percent in 2011, causing Griffin to exit the fund in 2011. “Under Anne’s management, Aragon lost money for four consecutive years,” he said in the filing.
Dias Griffin then tried to start a new hedge fund, Navarra, in 2010, and Griffin gave her $30 million for that venture, he said in court papers.
“In just a few months under Anne’s oversight, Navarra had incurred cumulative losses of over 10 percent and ceased operations,” said Griffin, whose $24 billion Citadel hedge fund gained almost 19 percent last year and was up 2.8 percent in January.