Hedge fund billionaire David Einhorn is separating from his wife of 24 years, Cheryl Strauss Einhorn, and the pair is heading for divorce, the New York Post reports, citing sources familiar with the situation.
The Greenlight Capital founder, whose stock picks move markets, married Cheryl in 1993 before he made his fortune, now estimated at $1.55 billion.
At stake in the upcoming divorce is their nearly 10,000-square-foot home in Rye, NY, and — possibly — his rumored vault of gold stashed at a secret location in New York City. He has reportedly said the gold is used by his fund as a hedge against inflation.
Cheryl, with whom David has three children, is an award-winning financial reporter and media consultant who has also taught at Columbia University Graduate School of Journalism and Columbia Business School.
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She is also credited with coming up with the name “Greenlight” when he launched his fund in 1996.
The couple is well-known in New York for their philanthropic work. In 2002, they established the Einhorn Family Charitable Trust, “with the vision of building a more peaceful and harmonious society,” according to its Web site, which features numerous photos of Cheryl and David.
He also serves on the boards of City Year, the Michael J. Fox Foundation for Parkinson’s Research, and as chair of the Robin Hood Foundation’s board of directors.
A spokesman for David Einhorn declined to comment on Wednesday night, and Cheryl didn’t return calls and e-mail requests for comment.
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This is the latest in a series of high-profile hedge fund divorces. Page Six revealed last December that billionaire investor Bill Ackman and his wife Karen Ann Herskovitz had split after 25 years.
Citadel billionaire Ken Griffin settled his bitter divorce with now-ex Anne Dias-Griffin in 2015. And David Tepper, one of the world’s highest-earning fund managers, split with his wife of almost 30 years in 2014.
A version of this article appears on NYPost.com.
View more information: https://www.marketwatch.com/story/hedge-fund-billionaire-david-einhorn-reportedly-heading-for-divorce-2017-02-23