An ultra-rich businessman gave his wife $10.8million and several properties in their divorce… she claims a shocking discovery entitles her to $450million

A bitter divorce between an ultra-rich Australian businessman and his ex-wife is being dragged on by allegations he hid part of his fortune overseas.

The ex-wife has so far received $10.8 million and property worth tens of millions of dollars, but is seeking to increase her share to $450 million.

She launched legal action against her ex-husband in the Family Court of Australia, meaning neither can be identified due to privacy laws.

The woman has also alleged that her ex-partner abused her and coerced her into signing a financial agreement, even though he knew she was abusing alcohol.

He has denied both claims.

Judge Michael Baumann ruled the ex-wife’s claims were “unjustified” and rejected her request to rescind the ex-couple’s previous financial agreement.

He found she was “unjustified” in demanding that her ex’s accounts be frozen and her share of their wealth drastically increased. Daily Telegraph reported.

Judge Baumann found that the businessman had moved some of his assets abroad as part of his normal activities and determined that restricting those transfers would impact shareholders.

The ex-wife’s application was also stalled by the former financial agreement she allegedly signed under duress, she claimed.

That deal awarded her $10.8 million, properties in Australia worth $10 million and access to the $9.6 million in her bank accounts.

The former husband would also transfer another property into her name and make a “balance payment” if it were worth less than $15 million.

In addition, the woman received $30,000 per month to cover her and their children’s expenses and would be paid $1 million in “spousal support” over four years.

Her former husband claimed he sold assets to finance the deal.

Judge Baumann would have had to reverse that agreement had he approved the woman’s request to pursue a settlement of up to $450 million.

Her ex-husband’s lawyers claimed the move would cost more than the total value of his assets in Australia, estimated at $174 million.

In denying the application, Judge Baumann determined that the money transferred abroad was a routine part of the ex-husband’s international business.

“The wife has not at this stage established that the husband has any intention or plan to reduce the pool of interests in Australia,” he said.

“The woman has not pointed to any evidence that funds have left Australia.”

During the application for an injunction, allegations were also made that the woman had been abused by the businessman.

She alleged that he had “exercised financial control” and “isolated” her from “family and friends” during their marriage.

In addition, he allegedly “exercised coercive control” and forced her to sign their previous divorce agreement, which was concluded under “coercion” through “false marriage declarations.”

The woman claimed he did this while she was aware she was suffering from an ‘alcohol addiction’.

The husband denied the allegations.

Although the ex-wife’s application was rejected, the ruling does not prevent her from taking further action against her ex-husband.