Sergey Brin, co-founder of Google and the world’s sixth-richest person with a net worth of $94 billion, has filed for divorce, making him the third multibillionaire in three years to end his marriage.
Mr Brin, 48, filed a petition for dissolution of his marriage to Nicole Shanahan earlier this month, citing “irreconcilable differences”, Bloomberg reported, quoting court documents.
The couple, who married in 2018 and have a daughter, requested that the divorce documents be sealed by the court for privacy reasons.
“Because of the high-profile nature of their relationship, there is likely to be significant public interest in their dissolution case and any potential child custody issues,” according to the filing in Santa Clara, California.
Mr Brin is the latest billionaire to face the prospect of an expensive divorce, joining Amazon founder Jeff Bezos, who ended his marriage with MacKenzie Scott in April 2019, and Bill Gates, who split with Melinda French last year.
Mr Bezos, the world’s second-richest person with a fortune of $129bn, paid Ms Scott about $38bn to end their marriage of 26 years, making it one of the world’s most expensive divorces.
Under their agreement, he retained 75 per cent of Amazon's shares while Ms Scott received a 4 per cent stake in the company.
It is not known exactly how much Mr Gates, currently the fourth-wealthiest person in the world with a fortune of $112bn, paid Ms French when their divorce was finalised last August.
However, in the same month, Mr Gates’s Cascade Investment transferred 3.3 million shares of AutoNation to Ms French, as well as 2.8 million shares of Deere & Co and 9.5 million shares of Canadian National Railway, totalling more than $1bn, according to filings with the Securities and Exchange Commission.
Mr Gates also transferred more than $3bn worth of shares in the same three companies in the days following their May 3 divorce announcement, Bloomberg reported. At the time, the stocks alone were worth more than $5.7bn, but “it may only be part of the picture”, Bloomberg added.
Ms French currently has a net worth of $10.4bn, according to the Bloomberg Billionaires Index.
Mr Brin is asking for joint custody of their daughter and is not seeking spousal support from Ms Shanahan, according to People magazine. He also requested in the court filing that Ms Shanahan not be awarded spousal support.
“All issues as to the property rights or obligations of the parties will be determined by confidential binding arbitration in accordance with a written agreement between the parties,” the filing said, according to People.
Mr Brin, whose first marriage to 23andMe co-founder Anne Wojcicki ended in divorce in 2015, co-founded Google with Larry Page in September 1998.
In 2015, the former Stanford University classmates went on to co-found Alphabet, which is now the parent company of the internet search engine.
The Russian-American’s fortune is primarily derived from his holdings in Alphabet. He stepped down as president of the company in 2019 but has a controlling share of Alphabet and remains on the board of directors.
Ms Shanahan, a lawyer, is the president and founder of the Bia-Echo Foundation, which aims to create a “multiplying effect across new frontiers in reproductive longevity and equality, criminal justice reform and a healthy and liveable planet”, according to its website.
“In the past, Nicole has supported efforts in Bia-Echo’s three core investment areas through the Sergey Brin Family Foundation,” Ms Shanahan’s Bia-Echo Foundation profile says.
It is likely Mr Brin and Ms Shanahan have a prenuptial agreement as their relationship began long after he became a billionaire, Monica Mazzei, a partner at San Francisco-based law company Sideman & Bancroft, told Bloomberg.
But because the case is being handled by a private judge, “we will never know the details” of the divorce, she said.
Profile
Company: Libra Project
Based: Masdar City, ADGM, London and Delaware
Launch year: 2017
Size: A team of 12 with six employed full-time
Sector: Renewable energy
Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.
PRESIDENTS CUP
Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:
02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
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World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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The biog
Age: 19
Profession: medical student at UAE university
Favourite book: The Ocean at The End of The Lane by Neil Gaiman
Role model: Parents, followed by Fazza (Shiekh Hamdan bin Mohammed)
Favourite poet: Edger Allen Poe
NBA Finals so far
(Toronto lead 3-1 in best-of-seven series_
Game 1 Raptors 118 Warriors 109
Game 2 Raptors 104 Warriors 109
Game 3 Warriors 109 Raptors 123
Game 4 Warriors 92 Raptors 105
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
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Sugary teas and iced coffees
The tax authority is yet to release a list of the taxed products, but it appears likely that sugary iced teas and cold coffees will be hit.
For instance, the non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.
Cold coffee brands are likely to be hit too. Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.
The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp
Torque: 730Nm
Price: Dh649,000
On sale: now
MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
MATCH SCHEDULE
Uefa Champions League semi-final, first leg
Tuesday, April 24 (10.45pm)
Liverpool v Roma
Wednesday, April 25
Bayern Munich v Real Madrid (10.45pm)
Europa League semi-final, first leg
Thursday, April 26
Arsenal v Atletico Madrid (11.05pm)
Marseille v Salzburg (11.05pm)
The biog
Favourite food: Fish and seafood
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Favourite country to visit: Italy
Favourite film: Lock Stock and Two Smoking Barrels.
Family: We all have one!
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Sevilla v Barcelona, Saturday, 11.30pm (UAE), match on Bein Sports
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Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
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Al Jazira 3 Persepolis 2
Jazira: Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)
Where: Wanda Metropolitano
When: Thursday, May 3
Live: On BeIN Sports HD
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Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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Mumbai Indians 163 (19.3 ovs)
Delhi won the match by 11 runs
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Real Madrid 1
Ronaldo (53')
Atletico Madrid 1
Griezmann (57')
UAE currency: the story behind the money in your pockets