The divorce trial between billionaire financier John Overdeck and his estranged wife Laura Overdeck began this month in New Jersey family court, potentially marking the largest divorce in the state's history and the third-largest in the U.S. John Overdeck, founder of the investment firm Two Sigma, is contesting Laura Overdeck's claim for $6.2 billion, arguing that his stake in the hedge fund should not be considered a marital asset. He testified that he offered her a settlement of approximately $600 million, which he believes is a fair amount.
The couple, married for 20 years without a prenup, has a history that includes founding the Overdeck Family Foundation and raising three children in New Jersey. Laura Overdeck filed for divorce in 2022, alleging that John had been planning to leave the marriage while concealing assets. The trial centers on whether Laura can claim a portion of John's stake in Two Sigma, which has grown to be worth around $80 billion.
Laura is seeking 35% of John's stake, estimated at $6.2 billion, while John maintains that Laura's involvement with the firm was minimal. The trial has also revealed personal disputes, including accusations against both parties, which have complicated the proceedings. John testified about their family life, stating that while he was involved in parenting, Laura took on the majority of domestic responsibilities. The trial is set to continue next week.