Divorce Ruling Values Property Tycoon Scot Young’s Wealth At £40m

Ex-Wife Describes High Court Judgment As ‘Disgraceful’


The High Court has ruled that a property tycoon, jailed earlier this year over claims he failed to disclose vital financial information to the courts during divorce proceedings with his estranged wife, is worth £40 million.

Scot Young, 51, was given a six month sentence at the start of the year for contempt of court after he did not provide the required information on his assets and had argued that he was bankrupt with debts of around £28m.

However, today’s ruling means his wife Michelle will receive a sum of £20m, half of what he has been judged to be worth.

Mrs Young, who had repeatedly claimed her former husband had manipulated his affairs in order to avoid paying out a settlement, described the judgment as "disgraceful". She told the judge in the case, Mr Justice Moor, that she would settle for a £300m share of Mr Young’s "vast fortune", plus legal expenses.

Mr Justice Moor said in a written ruling: "This case has been quite extraordinary even by the standards of the most bitter of matrimonial breakdowns. It has been conducted in the full glare of the media.

"Extremely serious allegations have been bandied around like confetti."