Li Qiong Gets $1 Billion Divorce In Grindr, Chinese Tech Shares

Although the exes’ divorce is considered one of China’s biggest, according to the Chinese Ministry of Civil Affairs, it still doesn’t top the massive fortune Longfor Properties Co. chairwoman Wu Yajun had to pay to her ex-husband during their 2012 billion dollar divorce.

The Chinese tech tycoon who bought gay dating app Grindr is paying his wife $1.1 billion in a divorce settlement.

Zhou Yahui agreed to transfer 278 million shares of his company, Beijing Kunlun World Wide Technology Share Company, to his wife, Li Qiong.

Zhou and his wife were named earlier this year as the richest young Chinese billionaires in a survey compiled by the magazine Hurun Report.

Li is about to own 207.4 million shares in Beijing Kunlun, with an additional 70.5 million shares via a new acquisition in BJ Yingrui Century. The company’s operations will not be affected by the divorce settlement, a company spokeswoman said.

Zhou and Li, both under 40, met in elementary school, and have spent most of the time since their marriage in the USA, according to Quartz. Kunlun declined to comment further on the settlement.

The settlement between Zhou and Li eclipses the $975 million that USA oil tycoon Harold Hamm paid his ex-wife previous year. For Chinese tech mogul Zhou Yahui, that price is $1.1 billion.

A Swiss court in 2014 ordered Russian oligarch Dmitry Rybolovlev to pay his former wife a record $4.5 billion, but a higher court reduced the sum previous year to around $600 million.