Advertisement
YOU ARE HERE: LAT HomeCollectionsSettlements

National Briefing / And Finally . . .

She just can't live on $43 million

March 19, 2009|Times Wire Reports

A Swedish countess divorcing a former CEO says she cannot live on $43 million.

Marie Douglas-David, 36, a former investment banker, says she needs her 67-year-old husband, George David, to pay her more than $53,000 a week -- more than most U.S. households make in a year -- to cover her expenses.

David stepped down last year as chief executive at Hartford, Conn.-based United Technologies Corp. but is still chairman of the board. He has an estimated net worth of $329 million.

Douglas-David wants about $100 million in cash and stock, plus $130,000 a month in alimony. In court papers, she says she needs more than $53,800 a week, including to maintain a Park Avenue apartment and three residences in Sweden. Weekly expenses also include $700 for limousine service, $4,500 for clothes, $1,000 for hair and skin treatments, $1,500 for restaurants and entertainment, and $8,000 for travel.

At that rate, Douglas-David would burn through $43 million in less than 16 years. The Census Bureau estimates that the median U.S. household income in 2007 was just over $50,000.

Advertisement
Los Angeles Times Articles
|
|
|