Details of Ocado CEO's £116 million divorce to be kept secret

Tim Steiner Chief Executive Officer Of Ocado Group Plc

When Tim Steiner and his wife called time on their 14 year marriage earlier this year, one of the biggest questions was surrounding how their amassed fortune would be split.

Steiner is the founding CEO of Ocado having started the online grocery business back in 2000, prior to this he worked as a banker for Goldman Sachs.

While it's understood Steiner is worth an estimated £116 million the financial details of his divorce from his wife of 14 years, Belinda, will stay under wraps, the Sun reports.

According to the Mail Online the couple took their divorce case to the High Court in London in June when it was decided that the details of their divorce would remain private until they could agree what would be made public.

As a result Mr Justice Bodey concluded from the situation that no details of the case will be reported.

Mr Steiner was the one to initiate divorce proceedings against his wife who has since claimed that she has been cut off from her four children.

A source told the Mail Online in April this year: "I don't get the impression Belinda has had a choice in getting divorced. Belinda and Tim got to know each other long before Ocado."

In terms of property, the couple own a £15 million mansion in upmarket Highgate, London and a ski chalet in France.

Steiner is understood to have enlisted the help of Fiona Shackleton, a celebrity lawyer who assisted Paul McCartney in his divorce from Heather Mills.

Ocado is now the largest online grocery retailer in the world and was started by Steiner, Jason Gissing and Jonathan Faiman in 2000 and made its first agreement with Waitrose later the same year.

Gross sales for the Ocado Group in 2015 are registered in their annual report as having reached a staggering £1,202.9 million with £11.9 million in profit before tax.

The Ocado CEO, who has four children with his ex-wife, is now in a relationship with 27-year-old Polish dental hygiene graduate, Patrycja Pyka, who is 20 years his junior.

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