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	<title>Divorce Lawyers Knoxville &#187; las vegas</title>
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		<title>Las Vegas Divorce May Create New Billionaire</title>
		<link>http://divorcelawyersknoxville.net/las-vegas-divorce-may-create-new-billionaire.html</link>
		<comments>http://divorcelawyersknoxville.net/las-vegas-divorce-may-create-new-billionaire.html#comments</comments>
		<pubDate>Fri, 15 Jan 2010 00:04:58 +0000</pubDate>
		<dc:creator>Knoxville Divorce Lawyers</dc:creator>
				<category><![CDATA[Divorce Lawyers Knoxville]]></category>
		<category><![CDATA[Knoxville Divorce Lawyer]]></category>
		<category><![CDATA[Knoxville Divorce News]]></category>
		<category><![CDATA[Knoxville Tennessee]]></category>
		<category><![CDATA[divorce]]></category>
		<category><![CDATA[elaine wynn]]></category>
		<category><![CDATA[las vegas]]></category>
		<category><![CDATA[steve wynn]]></category>

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		<description><![CDATA[It&#8217;s hard to imagine a situation where you lose half your assets and your STILL on the Forbes list of billionaires. But that&#8217;s exactly the situation Steve Wynn finds himself in after having finalized a divorce from his wife Elaine. Since they&#8217;ve presumably split what they owned she&#8217;ll now likely have a separate spot on [...]]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s hard to imagine a situation where you lose half your assets and your STILL on the Forbes list of billionaires. But that&#8217;s exactly the situation Steve Wynn finds himself in after having finalized a divorce from his wife Elaine. Since they&#8217;ve presumably split what they owned she&#8217;ll now likely have a separate spot on the list. <a target="_blank" href="http://blogs.forbes.com/billions/2010/01/14/wynn-divorce-may-mint-new-billionaire/" onclick="pageTracker._trackPageview('/outgoing/blogs.forbes.com/billions/2010/01/14/wynn-divorce-may-mint-new-billionaire/?referer=');">Forbes</a> gives more details:<br />
<blockquote>
<p>News of the split has been public for months, fueled at first by reports in early 2009 that Steve Wynn was dating a younger British woman. The details of their split were later spelled out in a series of company filings that reveal the intricacies of divvying up a fortune worth nearly $4 billion at its height. <span id="more-157"></span> A January 5th SEC filing shows Elaine P. Wynn, a director at Wynn Resorts since 2002, receiving 11,076,708 shares of the casino company in connection with the couple’s divorce settlement.</p>
<p>Those shares, once held as “community property,” are worth $795 million at the company’s current share price of $72, adding to the $114 million the Wynns realized from stock sales in mid-August.</p>
<p>Some, if not all, of that $114 million will go to Elaine, judging by an August <a href="http://phx.corporate-ir.net/phoenix.zhtml?c=132059&amp;p=irol-newsArticle&amp;ID=1322045&amp;highlight=" onclick="pageTracker._trackPageview('/outgoing/phx.corporate-ir.net/phoenix.zhtml?c=132059_amp_p=irol-newsArticle_amp_ID=1322045_amp_highlight=&amp;referer=');">press release</a>, which says the shares “were sold to provide liquidity in anticipation of the change in their marital status.” That pile of dough would leave her with a net worth that approaches $1 billion.</p>
</blockquote>
<p>  You may not have billions of dollars at stake, but a divorce can wreak havoc on your finances. You need an experienced <a href="http://divorcelawyersknoxville.net/">Knoxville divorce lawyer</a> on your side. Call us today to set up a consultation with an attorney.</p>
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