Harry Macklowe’s Ex-Wife Turns Down $1 Billion to Settle Divorce

Real estate billionaire Harry Macklowe offered half his fortune to his ex-wife Linda, but she has declined the offer.

By Michael Burton
April 19, 2017

New York City real estate mogul Harry Macklowe is apparently ready to give up half of his fortune just to settle his divorce, but his soon-to-be-ex-wife isn’t having any of it.

The man behind iconic properties such as 432 Park Avenue, the General Motors Building, and Apple's glass cube store across from Central Park, was in a jovial mood outside a civil courtroom when Linda Macklowe turned down a 50-50 split of his wealth.

To protect his personal wealth from creditors, Harry is rumored to have transferred the lion’s share of his assets to Linda in 2008 – a decision may come back to bite him during this bitter divorce. After all, if most of the assets really are in her name, Linda has little incentive to make the process quick and easy.

Harry and Linda, who are both 79, saw 58 years of marriage come to a screeching halt after his she learned that Harry had put up his mistress Patricia Landeau, 62, in a Park Avenue apartment just one mile away from their home at the Plaza hotel. Linda filed for divorce in July 2016.

No End in Sight For Harry Macklowe's Divorce 

“As soon as this divorce is over, I’m getting remarried,” he told reporters. Presumably, he’s talking about Landeau, who is president of the French Friends of the Israel Museum in Jerusalem.

Harry and Landeau reportedly met at a museum event in Manhattan. Rumors have swirled that Harry has been “gallivanting” around the Hamptons with his girlfriend, and that she has been living in the Park Avenue apartment owned by the Macklowes for more than two years.

Cracking jokes to reporters and seemingly unfazed by the prospect of losing an estimated billion dollars – as well as splitting their billion dollar art collection – Harry complained that his wife never laughed at any of his jokes.

Linda and her lawyers declined to comment.

Manhattan Supreme Court Judge Laura Drager requested that both sides move the process  along “expeditiously.”

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April 19, 2017

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