Steve Wynn and wife Elaine have selected their lawyers for their divorce battle. In Elaine’s corner will be lawyer Don Schiller, who represented Juanita Jordan in her divorce from NBA icon Michael Jordan.
In Steve’s corner will be attorney James Jimmerson, who handled Wayne Newton’s divorce and Mike Tyson’s bid to regain his boxing license.
With Forbes magazine announcing this week in its annual ranking of billionaires that Steve Wynn’s worth is pegged at $1.5 billion, down from $3.9 billion a year ago, the trial will assuredly provide the backdrop for one of the biggest divorce settlements in U.S. history.
Chicago-based Schiller won a $168 million settlement for Juanita, which was ranked by Forbes magazine as “the most expensive in entertainment history.”
But Steve Wynn, who filed for divorce from Elaine on March 5, now reportedly being in love with British divorcee and socialite Andrea Danenza Hissom, will probably give up more than that. The split is thought not be an amicable one.
In comparison, like billionaire Rupert Murdoch coughed up $1.2 billion in assets to former wife, Anna.
This has lead some to believe that the Wynn’s will eventually settle by splitting up the two huge Las Vegas casino-hotels – Wynn Las Vegas and Encore -that they opened in the past five years, renaming them Steve’s and Elaine’s.