Related Companies chairman Stephen Ross and his wife Kara are going their separate ways.
The billionaire developer and his spouse, a jewelry designer to celebrities including Michelle Obama and Oprah Winfrey, will split up after 18 years of marriage, according to Page Six.
Ross has a net worth of about $7 billion, according to Forbes. The couple had a prenuptial agreement when they married in 2003, Page Six reported.
A legal source told the publication that a settlement for his wife could start at $100 million, making it one of the most expensive divorces in New York. An insider added that his ownership of Related Companies and other business holdings would not be affected.
“We have deep love and respect for each other. We will continue to be a part of each other’s lives and support what is best for the health and happiness of our family,” the couple told the gossip sheet.
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The couple is in the early stages of the divorce, and both have retained prominent New York attorneys. The Hudson Yards developer, who also owns the Miami Dolphins, is represented by William D. Zabel of Schulte Roth & Zabel and his wife by Judith Poller of Pryor Cashman, the publication reported.
Zabel’s previous clients include billionaire investor George Soros, and Poller’s include screen star Scarlett Johansson.
The couple put their Central Park penthouse on the market in July 2019, but chopped the price to $62.5 million last year.
[Page Six] — Cordilia James