A Swedish countess who's divorcing an American former CEO says she cannot live on $43 million.
Marie Douglas-David, 36, a former investment banker, says she has no income and needs her husband, George David, 67, to pay her more than $53,000 a week to cover her expenses.
David stepped down last year as chief executive at Hartford-based United Technologies. He is still chairman of the board, however, and has an estimated net worth of $329 million.
The two accuse each other of extramarital affairs. Their divorce trial started Wednesday.
"I'm just very sad that we are where we are," Douglas-David said.
Asked if his marriage is irretrievably broken, David simply answered, "Yes."
David and Douglas-David married in 2002, but the marriage was in trouble by 2004, court papers say.
Amid a series of reconciliations, the couple signed a postnuptial agreement in October 2005 that would give her $43 million when they divorce.
Douglas-David wants the agreement voided. She accuses her husband of coercing her to sign it by preying on her fears of being divorced and childless. She's asking for about $100 million in cash and stock, plus $130,000 a month in alimony.
David is asking a judge to uphold the agreement.
Douglas-David has filed court papers saying she has more than $53,800 in weekly expenses, including maintaining a Park Avenue apartment and three residences in Sweden. Also among her weekly expenses: $700 for limousine service, $4,500 for clothes, $1,000 for hair and skin treatments, $1,500 for restaurants and entertainment, and $8,000 for travel.
Her weekly expenses exceed the $50,000 that the Census Bureau estimates was the U.S. median annual household income in 2007.
If she continued to spend at that rate, Douglas-David would burn through $43 million, not including interest, in less than 16 years.