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Hedge fund manager Israel Englander pays ex-wife $1.5 billion dollars after she left him for a woman

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Hedge fund billionaire Israel Englander has paid his ex-wife more than one billion dollars in settlement for their divorce after she left him for another woman, in a case that has allegedly scandalised Manhattan society.

Englander’s ex-wife Caryl will be receiving over US$1 billion ($1.49 billion) from him after she filed for divorce, ending their 40 year marriage after he allegedly “terrorised” her and her new partner, Swiss gallerist Dominique Levy, who she left him for, according to Page Six.

According a civil lawsuit filed on February 9 by Caryl, 69, she and Levy, 55, claim that Englander, 74, “became enraged” when his wife “fell in love” with Levy, who owns her own gallery that sells artwork by the likes of Gerhard Richter, Frank Stella, Cindy Sherman and Jackson Pollock.

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Israel “Izzy” Englander will pay his ex-wife over $1 billion in a settlement. (Bloomberg via Getty Images)

He allegedly carried out a years-long “campaign of duress” against his ex-wife and her new partner, including having them followed, photographed, and hacking their emails and phones.

He also supposedly outed his wife to their children during a family dinner, not only disclosing her relationship and sexual orientation without her permission, but also allegedly telling their children that their impending divorce would cost $450 million in tax liabilities, thus “put[ting] a price tag on Caryl’s happiness.”

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XX attends the International Center Of Photography's 2018 Infinity Awards on April 9, 2018 in New York City.
Caryl Englander found new love, but it was at a price. (Getty Images for ICP)

Englander is worth US$11.3 billion, according to Forbes. 

The filing claims that her husband’s “campaign of terror” led Caryl, who is a professional photographer, to barely eat or sleep due to the stress, leading her to sign a post-nuptial agreement in 2020 that would forfeit her billions of dollars in assets that the couple had worked together to build over their marriage spanning four decades.

The filing claims that Englander got “more than 95 per cent of the value of their marital assets, and near total control over the few assets and funds available to Caryl.”

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<<enter caption here>> at Florence Gould Hall on March 4, 2015 in New York City.
Dominique Levy, Caryl’s new partner, allegedly had her art business affected by the billionaire. (Getty)

Another source claimed that “he scared the living hell out of Caryl and he scared the life out of her girlfriend. Dominique’s art business was almost destroyed, he tried to cut out most of her clients, and he threatened he could kill her in business because he’s so powerful.”

Another added Caryl’s decision to leave Englander “left him deeply humiliated, made worse by the fact that Caryl leaving him for a woman at this stage in their lives was the talk of New York Society.”

Caryl’s lawyer Peter E Bronstein commented after the case was settled that “Caryl is happy to have settled their issues privately and amicably. The agreement does not allow either party to discuss the terms.”

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