Tycoon Michael Prest Has "No Source Of Income"

A tycoon allegedly worth nearly £40 million two years ago and who is fighting his estranged wife over cash payments has 'very, very little money', a High Court judge was told today. Michael Prest, who is in his 50s, has 'no source of income' and is looking for a job, Mr Justice Moylan heard at a High Court hearing in London. 

Judges have heard that the couple had married in 1993, had spent most of their time in London, had properties in Nigeria and the Caribbean and had lived to a 'very high standard'. The judge who ordered Mr Prest to make a lump sum payment of £17.5 million to Mrs Prest had assessed Mr Prest's net assets at £37.5 million.....READ FULL STORY