Dale Vince’s ex-wife awarded more than £40m after divorce by High Court judge
Dale Vince’s ex-wife awarded more than £40m after divorce by High Court judge
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Kate Vince, the ex-wife of green energy industrialist Dale Vince, has been awarded more than £40 million after their divorce by a High Court judge. They disputed how money should be split at a hearing in December last year. Lawyers for Ms Vince told the court in London that her ex-husband was giving away their matrimonial assets, of which she should be entitled to half, including £5,460,000 in donations to the Labour Party between April 2022 and May 2024.
Mr Vince claimed the increase in donations and other spending came from a rise in the value of his businesses and had “nothing at all to do with” the legal battle. In a judgment on Friday, Mr Justice Cusworth said Mr Vince could pay Ms Vince in three tranches, of £13.94 million, £14.49 million and £15.08 million, including interest, totalling £43.51 million.
The first payment will be made by April 30 2025, with the further two to follow annually. He said that including “the value of non-business assets she is retaining”, this would leave Ms Vince with £45.64 million, which he said was “an appropriate outcome for these parties”.
After the judgment, Mr Vince said: “Today’s judgment is a total vindication of my approach to this case from the very beginning.”. Sarah Jane Lenihan, partner at Dawson Cornwell, representing Ms Vince, said: “We are very grateful to the court for the fair and equitable award granted to Ms Vince.
