Why Harry Macklowe’s divorce trial could get really ugly

Judge says mogul and his estranged wife's personal lives, bank accounts and assets will be on display to "everyone"

New York /
Aug.August 31, 2017 08:30 AM

Harry Macklowe’s divorce is “not going to be a pleasant experience” if he and his estranged wife can’t agree on how to divvy up their fortune without going to court, a Manhattan judge said Wednesday.

The real estate mogul reportedly offered his wife of 58 years, Linda Macklowe, $1 billion to end their marriage. But Linda turned the offer down and served her husband with divorce papers, and now the two are set to go to trial in September.

Manhattan Justice Laura Drager, however, warned that a trial would be a messy affair, and urged the two to settled out of court, the New York Post reported.

“Your personal lives, your business, your assets, everything will be displayed for everyone to see,” Drager said.

“What I foresee is a very difficult, extended trial,” she added, pointing out that the two couldn’t even figure out a way to divide up their bank accounts, even though most of their $2 billion fortune is in real estate and art.

Back in 2008, Harry transferred a large chunk of his assets to Linda in order to hide them from creditors, according to the Post. He has announced plans to marry his French fiancée Patricia Landeau once the divorce is wrapped up. [NYP] – Rich Bockmann


Related Articles

arrow_forward_ios
Blackstone's Jonathan Gray, Fortress Investment's Peter Briger, Harry Macklowe and Donald Trump (Blackstone, Long Arc Capital, Getty Images)
The Fortress real estate hall of fame
The Fortress real estate hall of fame
Abe Haruvi and 244 West 74th Street (Google Maps, Getty)
Haruvi family sells off half its NYC rental empire for $139M
Haruvi family sells off half its NYC rental empire for $139M
Alex and Yanina Sapir (Getty, Instagram, Illustration by Kevin Rebong for The Real Deal)
Developer Alex Sapir’s wife files for divorce, citing a “loveless” marriage
Developer Alex Sapir’s wife files for divorce, citing a “loveless” marriage
Harry and Linda Macklowe (Getty Images, Andy Warhol Foundation for the Visual Arts, Inc./Artists Rights Society (ARS), NY, Sotheby's, iStock)
Macklowe art collection fetches nearly $1B at auction
Macklowe art collection fetches nearly $1B at auction
LeFrak's Harrison LeFrak and Katherine Embiricos LeFrak (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Harrison LeFrak headed for big-ticket divorce: report
Harrison LeFrak headed for big-ticket divorce: report
Harry Macklowe with proposed project by Macklowe Properties (Getty, Arquitectonica)
Harry Macklowe makes his first move in Miami
Harry Macklowe makes his first move in Miami
Harry Macklowe and 1 Wall Street (Getty, Gryffindor derivative work: Justass, Public domain, via Wikimedia Commons)
Macklowe seeks $1.1B refi of One Wall Street
Macklowe seeks $1.1B refi of One Wall Street
Macklowe Properties’ Harry Macklowe with One Wall Street (One Wall Street)
See Harry Macklowe’s handwritten plan for One Wall Street
See Harry Macklowe’s handwritten plan for One Wall Street
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...