Chrysler building owner Michael Fuchs in messy legal drama with ex

Principal of RFR, worth $1.7B, wants ex to dial back Amex card use to $25K a month

National Weekend Edition /
Feb.February 12, 2022 12:00 PM

Michael Fuchs and Alvina Collardeau circa 2011 (iStock, Getty Images, Illustration by Kevin Cifuentes for The Real Deal)

Billionaire real estate investor Michael Fuchs, whose RFR Holding owns New York’s Chrysler and Seagram Buildings, is entangled in a messy divorce drama.

Fuchs is fighting claims by his ex-wife, Alvina Collardeau-Fuchs, that he’s tried to control her spending since they split and made her day-to-day living “intolerable,” Bloomberg reported. He listed his net worth at $1.7 billion, according to court papers.

Fuchs countered that his ex-wife “abused the unfettered use” of his Amex credit card. He denied behaving “oppressively,” and said in the court filings he’d had to cap her credit card limit at a mere $25,000 a month. She spent $1 million on a four-month stay in Dubai, according to the documents, and was spending more than $200,000 a month in the late summer of 2021.

Collardeau-Fuchs said Fuchs had simply been ignoring bills, including utilities and salaries, and said bailiffs were turning up at her door.

Before their divorce, the pair’s spending was entirely unrestrained, Collardeau-Fuchs’ lawyer, Nicholas Cusworth, told the news service. “They ran a number of fully staffed homes in fashionable areas of the world, traveled extensively and spent according to their means, which were effectively unlimited,” Cusworth said.

London’s family courts have been a popular draw for expensive legal fights because judges are typically prepared to order a more equal share of a couple’s assets, Bloomberg reported. The courts are gearing up for one of the world’s biggest divorce claims between Vladimir Potanin, Russia’s second-richest man, and his former wife.

Fuchs, a passionate art collector who shys away from the limelight, formed RFR in 1991 with his childhood friend, Aby Rosen. The two grew up together in Frankfurt, Germany, before separately moving to New York. RFR oversees about $10 billion of real estate worldwide and and have expanded into Las Vegas, Miami and in Germany.

[Bloomberg] – Dana Bartholomew





    Related Articles

    arrow_forward_ios
    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
    The Green Harbour Mansion and Nic Ketter of Realize Brokers (Realize Brokers)
    Lake George private island, mansion back on market
    Lake George private island, mansion back on market
    Albert Henry Stanley, 1st Baron Ashfield (Lord Ashfield) in front of South Street, Mayfair, W1K in London (Hugh Cecil - via Wikimedia Commons, Spudgun67 - via Wikimedia Commons)
    Mayfair home of London Underground founder listed for $20M
    Mayfair home of London Underground founder listed for $20M
    (Photo-illustration by Paul Dilakian for The Real Deal; Screenshots via Traded)
    Inside Traded, real estate’s vanity mirror
    Inside Traded, real estate’s vanity mirror
    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
    Terry Pegula and the home at 8558 Horseshoe Lane (Getty, Google Maps)
    Behold subsidy-grabbing NFL owner’s Florida estate
    Behold subsidy-grabbing NFL owner’s Florida estate
    (iStock/Illustration by Kevin Rebong for The Real Deal)
    Manhattan’s apartment market kicked off 2022 with hot, expensive streak
    Manhattan’s apartment market kicked off 2022 with hot, expensive streak
    Keith Richards, Jessica Lange and One Fifth Avenue (StreetEasy, Getty Images)
    One Fifth Avenue co-op sells in less than a day
    One Fifth Avenue co-op sells in less than a day
    arrow_forward_ios

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

    Loading...