Published On: Mon, Sep 7th, 2015

Divorce of a Billionaire (Cont’d)

Charles Brandes goes back to court, contests $450K per month for ex-wife

Charles Brandes

 

In a decision that was issued August 31, the Court of Appeal, Fourth Appellate District, has sent the well-publicized divorce of Charles and Linda Brandes, who separated in 2004, back to the trial court.

In 2005, the two agreed to a distribution of community property. Charles got homes in Rancho Santa Fe and Borrego Springs. Linda, to whom he had been married for 19 years, got six homes, including a penthouse on Park Avenue in New York, a beachside home in Del Mar, and a home in Rancho Santa Fe. At that time, the value of her real estate was $50 million, and her total estate was $100 million.

She was awarded $450, 000 a month in spousal support — a bone of contention in the appellate court decision.

When they met in 1983 (it was a second marriage for each, and both had two children), she was making $6 an hour as a librarian and he was making $44, 148 as a money manager. His firm had only $8.2 million under management. In June of 2004, the firm, Brandes Investment Partners, had $85 billion under management. He got rich and was listed in the Forbes’ list of 400 richest Americans. (Now he is listed as worth $1.06 billion by Forbes — number 1605 on the billionaires list.)

Read the full story at San Diego Reader, by Don Bauder 

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Charles Brandes

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