Billionaire Does not Have to Pay Retroactive Child Support
Posted By Law Office of Michael Young on Aug 31, 2010 2:00pm PDT
This week in Los Angeles, one of the richest men in the United States has been cleared of the need to pay his adult children retroactive child support payments following a lengthy legal battle.
Donald Bren, a wealthy property developer that has an estimated net worth of $12 billion, is ranked in Forbes magazine's list of the 400 richest Americans. His children, 22-year-old Christie Bren and 18-year-old David Bren were seeking retroactive child support totaling $400,000 each month.
They argued in court that the payment Bren made to their mother, Jennifer McKay Gold, were well below what they would have been awarded had the case been settled in family court. During proceedings, 78 year old Bren was described as being an absent father who was never there for the children.
It took the jury three hours to decide that Bren did not need to pay his children any more than the $9 million here ready paid in child support plus his commitment to pay for their education until the age of 25.
Going through a child support battle of your own? Contact our law office to discuss your case with a Riverside family law attorney.