- The 15-year divorce case between billionaire Zhao Bingxian and his wife Lu Juan has concluded with a court ruling on asset division.
- Zhao Bingxian must transfer half of his company shares, reducing his stake from 80% to 40%, granting Lu Juan shares worth approximately $75 million.
- The divorce was initiated in 2010, involving allegations of domestic violence and a long legal delay.
- Zhao Bingxian is known as the Chinese ‘Warren Buffett’ for his investment success and influence in capital markets.
A divorce case that lasted 15 years between billionaire Zhao Bingxian, often called the Chinese ‘Warren Buffett’, and his wife Lu Juan has reached a legal conclusion. The Beijing No. 3 Intermediate People’s Court ordered Zhao to split the shares of his company, Beijing Zhongzheng Wanrong Investment Group, with Lu Juan. The decision grants her an alimony payment valued at about $75 million, as her share of the company increases to 40%, while Zhao’s holding decreases from 80%.
The divorce proceedings began in April 2010 when Lu Juan filed citing repeated domestic violence and requested an equitable division of their assets. The case was delayed for years as Zhao claimed health and business reasons for postponement. Tensions escalated when Lu Juan opened a steel safe containing the company’s physical assets, leading to her detention for 37 days on theft charges, which were later dropped for lack of evidence.
Zhao Bingxian is recognized for his investment achievements and financial insight, earning him the nickname due to his investment style resembling that of Warren Buffett. His office reportedly features photographs with Warren Buffett and displays quotes about life and finance.
He played an important role in listing and supporting several successful mainland companies in Hong Kong. In 1997, Zhao published a bestselling book on capital operations, which helped cement his reputation as the Chinese ‘Warren Buffett’.
For more information about this case, see the detailed report from China-personalities/article/3332304/us75-million-divorce-china-court-rules-ex-wife-pharma-tycoon-gets-half-firm-shares”>this link.
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