Stewart Rahr Forks Over $250 Million

Stewart Rahr Image by Getty Images

By Anne Cohen May 14, 2013

Stewart Rahr, pharmaceutical billionaire and self-styled “King of All Fun,” has reportedly agreed to pay a $250 million divorce settlement to Carol, his wife of 43 years.

According to the New York Post Rahr, 67, will hold on to the couple’s $45 million home in the Hampton, while Carol gets the $30 million Trump Park Avenue apartment. But all is not set in stone, as sources tell the Post that Rahr has yet to move out, and Carol has checked in to the Mark Hotel.

After Carol served him with divorce papers last December, Rahr rounded up Ben Brafman and David Aronson, whose firm repped Katie Holmes in her divorce from Tom Cruise, to serve as his lawyers.

The settlement ranks among the top 10 most expensive divorces in legal history, the Post reported. But still, small change for the orange-tinted playboy, who sold his business, Kinray, in 2010 for $1.3 billion.

Two words: prenuptial agreement.

Anne Cohen was the Forward’s deputy digital media editor. When she’s not looking for the secret Jewish history of Voodoo in New Orleans, or making lists about Ruth Bader Ginsburg, she writes for The Assimilator. She graduated from the Columbia Graduate School of Journalism with an M.S. magazine concentration in 2012.

A message from our editor-in-chief Jodi Rudoren

We're building on 127 years of independent journalism to help you develop deeper connections to what it means to be Jewish today.

With so much at stake for the Jewish people right now — war, rising antisemitism, a high-stakes U.S. presidential election — American Jews depend on the Forward's perspective, integrity and courage.

Become a member today and you'll directly support our mission to tell the Jewish story fully and fairly.

— Jodi Rudoren, Editor-in-Chief