A millionaire who is presently fighting in court with his ex-wife says he doesn’t want to give her more than $50 million (£45 million) because he believes their children should “learn the value of money.”
The co-owner of New York’s Chrysler Building, Michael Fuchs, informed Mr. Justice Mostyn that spoiled children become “jaded” when they get older.
prenuptial agreement
A High Court judge must determine how much the 62-year-old should give to his former wife Alvina Collardeau-Fuchs, 47, as a result of their divorce. The couple had signed a prenuptial agreement before their wedding.
The High Court in London is hearing the case. Credit: Alamy Stock Photo / Andrew Robinson
The billionaire remarked during a preliminary hearing earlier this year: “I think that drowning kids with luxuries makes them jaded. I desire that they understand the worth of money. The couple wed in 2012 and shared a home in London before divorcing in 2020. They are parents of two small children.
Prior to his marriage, Fuchs reportedly possessed a “quite considerable amount of prime midtown Manhattan real estate” and had a “extraordinarily successful profession.”
Michael Fuchs claimed in court records that he is worth approximately $1.1 billion (£98 million).
According to Bloomberg, Collardeau-Fuchs is seeking a settlement for more than $50 million, which includes a $1.3 million (£1.2 million) payment for child support.
Fuchs’ team has responded with an offer of roughly $33 million (£29 million), claiming that the child support claim is actually a spousal one “under disguise.”

greed, not need
In court records, Fuchs’ attorney Patrick Chamberlayne said that Collardeau-Fuchs “wants to live like a billionaire, having made an agreement that she will live like an ordinary multi-millionaire.”
Under addition, the attorneys claimed that the Collardeau-Fuchs child support claim is really a spousal claim “in disguise”.
The Collardeau-Fuchs team, on the other hand, contends that she needs the substantial sum of money because she grew accustomed to leading an opulent lifestyle when the couple was married.
The couple also had residences in New York and the South of France, all of which were “completely staffed,” in addition to their posh London home.
According to Collardeau-Fuchs’ attorney, Nicholas Cusworth, the pair “spent according to their means, which were essentially unrestricted” during their marriage.
Michael Fuchs attorneys
In addition to $1.34 million in child support, she is asking for more than $50 million for herself. Two little children belong to the couple.
The side of Fuchs has charged Collardeau-Fuchs with exaggerating her claims for child support, which are actually spousal support “in disguise.” In response, Fuchs is offering a settlement of almost $33 million.
In addition to $1.34 million in child support, she is asking for more than $50 million for herself. Two little children belong to the couple.
The side of Fuchs has charged Collardeau-Fuchs with exaggerating her claims for child support, which are actually spousal support “in disguise.” In response, Fuchs is offering a settlement of almost $33 million.
A judge will determine how much Fuchs must pay his estranged wife of two years in a final settlement, but until then, he must pay her more than $4.7 million annually, according to an order issued by the High Court of London earlier this year.
Fuchs and his wife
Fuchs and his wife reportedly resided in a $40 million, five-bedroom property in London with six levels and an indoor, underground pool before their divorce.
The pair also shared a condominium in Miami and a villa in Antibes, France.
Fuchs, an enthusiastic art collector who avoids public attention, divorced his first wife, Hamptons socialite and designer Kris Fuchs, in 2012 and afterwards married former journalist Collardeau-Fuchs.
The London-born Collardeau-Fuchs relocated to New York City to attend New York University after growing up in Paris.
Last note
The majority of the time this week in court was spent by Fuchs and Collardeau-Fuchs arguing over credit card bills and a monthly allowance for Collardeau-Fuchs, who once shelled out an astounding $1 million for a four-month stay in Dubai, according to court documents cited by The Real Deal earlier this year.