High Court Orders Dale Vince to Pay £43.51m

Dale Vince, founder of Ecotricity, has been ordered by the High Court to pay his ex-wife, Kate Vince, a total of £43.51 million in three tranches as part of their divorce settlement. The court decided this amid accusations from Ms. Vince that Mr. Vince was donating matrimonial assets, including nearly £5.5 million to the Labour Party, to reduce her share. Mr. Vince argued that these donations were politically motivated and not related to the divorce proceedings, attributing them instead to increased business value. The judgment is seen by Mr. Vince as a vindication, as the awarded amount is £12 million less than his initial offer. Despite the contentious legal battle, which incurred significant fees, Ms. Vince's legal team expressed satisfaction with the outcome, claiming it reflects her contributions during their marriage. The first payment is due by April 30, 2025, with subsequent payments following annually.