Billionaire playboy Stewart Rahr is set to make one of New York's biggest divorce payouts of all time after his wife of 43 years filed for a divorce. Carol Rahr's decision to launch divorce proceedings against her husband, follows reports that the couple have been living increasingly separate lives in recent years.

According to the Forbes Rich List Mr Rahr is estimated to be worth $1.6billion following the sale of his pharmaceutical company Kinray, to Cardinal Health for $1.3 billion in November 2010.

Camilla Thornton, partner in the Family Team comments in the Daily Mail online, on the potential settlement that could be expected. Click here to view the story on the Daily Mail online or below to view a PDF on our website.

Playboy billionaire worth $1.6billion set to make one of New York's biggest divorce payouts – Russell-Cooke in the Daily Mail - Dec 12.pdf