Weinman & Associates, P.C.
Legal Answers Now 512-472-4040

During these historic, changing times, Weinman & Associates is proud to announce its expansion into new practice areas. In addition to our long-standing and exceptional family law services, we now offer services for BANKRUPTCY and DEBT RELIEF, WILLS and ESTATE PLANNING, and CRIMINAL DEFENSE. Please see our web pages for more information, or contact us to discuss your needs.

Billionaire Texan divorcing

Texas billionaire T. Boone Pickens and his fourth wife have announced they will divorce.

Pickens, 84, married 65-year-old widow Madeleine Paulson seven years ago. It is unknown whether they had signed a prenuptial agreement. A spokesman for Pickens said the couple intends to part on good terms.

As a philanthropist, Pickens amassed his $1.2 billion fortune by drilling for oil as well as taking over companies. Despite being an oil tycoon, Pickens has become known more recently for leading the call for alternative energy. His wife has holdings on the West Coast and is known as an advocate for animal rights. She runs a charity to protect horses that includes an impressive board of directors, including Pickens.

Madeleine Pickens likely will want to keep the divorce out of the courtroom as much as possible, having already endured one highly publicized and bitter battle in court. Her second husband, a multimillionaire, passed away in 2000. Three years later, she sued her late husband's youngest son, contending he had not honored his father's wishes.

For example, she said he did not maintain her medical insurance as he was supposed to, and she also claimed he had her membership to a country club revoked. For his part, the son said she hid art and home furnishings from his father and put a deposit on an expensive luxury car as his father was dying.

The sides settled in 2004, and three years later, she married Pickens. It is believed he will remain in the Dallas area, where his business is based, while Madeleine Pickens will live on the West Coast.

Given that both sides brought assets into the marriage and both had been married before, it would have been wise for the parties to have signed a prenuptial agreement. Doing so would leave all financial issues settled and pave the way for a smoother divorce.

Source: Daily Mail, "Back on the market... again! Texas oil billionaire, 84, files for divorce from his fourth wife (but how much of his $1.2billion fortune will she get?)," Oct. 4, 2012

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact Us Now To Begin
Speaking With An Attorney

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Weinman & Associates, P.C. Review Us Sustaining Life Fellow Signature Badge

Office Location

Weinman & Associates, P.C.
8200 North MoPac Expressway
Suite 230
Austin, TX 78759

Phone: 512-472-4040
Fax: 512-472-4086
Austin Law Office Map