A 15-year-long divorce case of billionaire Zhao Bingxian, who is dubbed the Chinese ‘Warren Buffett’, has come to an end. The Beijing No. 3 Intermediate People’s Court issued a verdict mandating Bingxian to split the shares of his company with his wife, Lu Juan. The shares of the Beijing Zhongzheng Wanrong Investment Group will be split, making Juan receive an alimony of 536 million yuan ($75 million). At the time of the ruling, Bingxian held an 80% stake in the company. His holding will now be trimmed to 40% as his wife will be allocated the rest.

Bingxian, a self-made billionaire, was called the Chinese ‘Warren Buffett’ for his remarkable record in financial investments. However, in April 2010, his wife filed for divorce, citing repeated domestic violence. She had demanded an equitable division of assets. The billionaire allegedly delayed the proceedings for years, claiming ill health and business obligations. The divorce filing escalated after Juan broke open a steel safe containing the company’s hard assets. She was detained for 37 days on charges of theft, but the charges were dismissed due to lack of evidence.

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Chinese ‘Warren Buffett’: Zhao Bingxian’s Divorce Case With Lu Juan Ends After 15 Years

Zhao Bingxian has reflected great admiration for Warren Buffett through various personal deeds. Moreover, it is reported that his office and work desk feature his photographs with Warren Buffett. In addition, several quotes from the billionaire also grace his office space regarding life, finance, and investments.

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Bingxian has a reputation for forward-thinking with great financial foresight. The billionaire played a key role in listing and advancing several profitable mainland companies in Hong Kong. He also authored a bestselling book on capital operations in 1997, and it was then that the media and people alike began referencing him as the Chinese ‘Warren Buffett’.