Steve Wynn And Former Wife Elaine Wynn’s Divorce Settlement Was One Of The Most Expensive Of All Time: Details Here
When we think of divorce settlements, automatically we think of a broken marriage; separation of two people, however, divorce also means separation of properties. We have heard the stories of many expensive divorces, and one of them is Steve Wynn and Elaine Wynn.
Multi-Billionaire Steve Wynn and his ex-wife Elaine Wynn’s divorce settlement shocked the whole wide world by their expensive divorce in 2010.
Scroll down below to read all the details of their settlement.
How Much Cash Was Paid By Steve Wynn To Elaine Wynn?
Steve paid Elaine a massive, jaw-dropping amount of $460 million in compensation for their marriage of 19 years.
As per the reports, Elaine was offered almost half of Steve’s ownership from his multi-million company, Wynn Resorts, as a part of their divorce settlement in 2010.
Steve also agreed to transfer control of $741 million worth of his stock in Wynn Resorts LTD., where he serves as a CEO as a part of the settlement.
Steve Wynn Accused Of Sexual Misconduct By his Former Wife, Elaine Wynn
In January 2018, the 77-year-old casino mogul was accused of sexual harassment by dozens of victims, including his former employees. The victim allegedly reported that Steve demanded nude messages and sex acts from them from time-to-time.
His ex-partner Elaine Wynn also accused him of pursuing a manicurist employee to have sex with him at his Wynn Las Vegas resort. She also gave the names of 150 women to reporters to investigate those claims.
As per various sources, Steve paid the manicurist a $7.5 million settlement as he failed to disclose the agreement to his broad of directors. He also denied all the allegations stating that they rose due to the legal process he was having with his ex-wife.
He also added, “The idea that I ever assaulted any woman is preposterous.”
Wynn resigned from his position as finance chairman for the Republican National Committee and stepped down as CEO of Wynn Resorts on 6th February 2018.
According to Daily Mail, Wynn’s ex-wife Elaine has been accused of launching a smear campaign against him and also offering the woman a six-figure sum to accuse him of rape.
The court papers claimed a former hairdresser named Jorgen Nielsen worked with her to plot the sexual assault scandal. Furthermore, as per Renee Palleggi, Nielsen called her in December 2017 and asked her to make a claim offering a six-figure sum if she complied.
When Did The Duo Exchange Their Wedding Vows?
Steve first met Elaine while attending college. They eventually fell in love and got married on 29th June 1963. However, they got divorced in 1986.
After five years of split, they remarried for the second time in 1991. Together they shared two children: Kevyn Wynn and Gillian Wynn Early.
Later, the duo again divorced for good in 2010.
How Rich Are These Casino Moguls?
According to Forbes, Elaine Wynn is currently worth $2.2 billion, whereas Steve is worth $3.1 billion as of November 2019.
The duo amassed their massive fortune from their business Mirage Resorts and Wynn Resorts, where they worked as the CEO and the member of the board, respectively.