Published On: Sun, Jan 3rd, 2016

British Property Tycoon Simon Halabi Once Worth $4.5 Billion Is Embroiled in Bitter Secret Divorce Battle 

He was declared bankrupt in 2010 after failing to pay £56 million ($83 million) bank loan - last known address was Swiss hotel room

 Simon Halabi  and wife Urte Simon

A reclusive property tycoon who was once worth £3 billion is reportedly embroiled in a bitter secret divorce battle with his Lithuanian-born wife over property and assets worth millions.

Syrian-born investor Simon Halabi started as the director of a UK property firm in the 1980s and going on to become Britain’s 14th richest man – before losing almost everything and becoming one of the country’s biggest bankrupts.

Mr Halabi was once valued at £3 billion on the Sunday Times Rich List and his property portfolio included a £3 million house in Mayfair, the Naval and Military Club in Piccadilly, £25 million stately home Mentmore Towers in Buckinghamshire and chateaux in France – but in 2010 he was declared bankrupt after failing to pay back a £56 million bank loan.

Read the full story at Daily Mail, by KEILIGH BAKER 

 

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A legal action launched by the now-defunct Irish Nationwide Building Society against Syrian born property mogul Simon Halabi, who was once one of Britain’s richest people, has succeeded in securing More…

 

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