Divorce reduces magnate to a pauper

Tuesday 23rd February 2016 06:11 EST
 

Mining magnate who spent 17 years battling divorce is facing homelessness with just £5 in the bank.

According to a report in The Times, 50-year-old David Mann divorced 48-year-old Shelley in 1999 when their two daughters were at primary school. Now both are grown-up, but their parents are still at war.

Shelley said that Mann was hiding a fortune and that he should be forced to pay her the remaining amount from their settlement about £2 million or be jailed.

Mann said he was mired in debt despite living in a £90,000-a-year rented flat in Kensington.

He told Mrs Justice Roberts that he knew he would have to leave his home and had less than £5 in his bank account and had applied for housing benefit, the report said.


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