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“King of All Fun” to Pay $250M in Divorce Settlement

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Stewart Rahr and Benjamin Brafman, sharing a moment at the Israel Cancer Research Fund’s Tower of Hope Gala. Rahr raised an unprecedented $1 million after philanthropist Stewart Rahr announced that he would donate $640,000 to cancer research.

Stewart Rahr and Benjamin Brafman, sharing a moment at the Israel Cancer Research Fund’s Tower of Hope Gala. Rahr raised an unprecedented $1 million after philanthropist Stewart Rahr announced that he would donate $640,000 to cancer research.

Stewart Rahr and Benjamin Brafman, sharing a moment at the Israel Cancer Research Fund’s Tower of Hope Gala. Rahr raised an unprecedented $1 million after philanthropist Stewart Rahr announced that he would donate $640,000 to cancer research.

Pharmaceutical billionaire Stewart Rahr has agreed to pay his wife of 43 years a whopping divorce settlement of $250 million.

The self-styled “King of All Fun,” has just reached a settlement with his wife Carol, who stood by him for years through his high-profile party antics. As part of the divorce deal, Rahr, 67, will keep their $45 million Hamptons home – where he has thrown lavish charity bashes attended by the likes of Bill Clinton, Alicia Keys, Mark Wahlberg, and David Koch – while Carol will get their $30 million Trump Park Avenue apartment.

According to the New York Post, Rahr has yet to move out of the New York apartment, and Carol has moved into the Mark Hotel.

The colorful, hard partying playboy, who sold his pharmaceutical business Kinray in 2010 for $1.3 billion, never had a prenuptial agreement with Carol, who stayed at his side as he built his company from the ground up.

Carol Rahr served him with divorce papers last December, right outside their apartment, and hired attorney Robert Stephan Cohen. Rahr responded with a crack team of Ben Brafman and David Aronson, whose firm represented Katie Holmes in her divorce from Tom Cruise.

Rahr, who refers to himself as the “Stewie Rah Rah” and “No. 1 King of All Fun,” is the 330th richest American, and 879th richest person in the world with an estimated worth of $1.4 billion in 2011, according to Forbes.

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