Malaysian-American model Mandy Lieu is getting a sizable amount as a “breakup fee” from Macau casino tycoon Alvin Chau.
Lieu, who has been Chau’s mistress for the past five years, is reportedly getting $38 million as “payment” after she leaves him.
She reportedly ended the relationship after it became apparent that the 45-year-old entrepreneur had no intention of divorcing his wife, 38-year-old Heidi Chan.
According to The Straits Times, she will be receiving HK$300 million ($38 million) as a “breakup fee” from Chau.
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When Lieu began dating Chau in 2014, they kept the relationship out in the open despite Chau’s marriage to Chan.
Lieu gave birth to three of Chau’s children and has been raising them in London. Chau has two other children with his wife and another son from a previous marriage.
Chan, who has been vocal about the other women, telling them to stay away from her husband, had demanded a divorce from Chau in the past.
However, Chau refused as he reportedly wanted to keep his family intact. A divorce from Chan would be a lot more expensive for Chau as much of his wealth was earned after they were married.
While paying off former girlfriends or mistresses with expensive gifts and exorbitant amounts of money after ending a relationship may sound surprising to some, reports suggest that this might not be too uncommon among wealthy tycoons in Greater China.