Filed at 1:12 p.m. ET
BRIDGEPORT, Conn. (AP)-- Newly released financial statements in Jack Welch's divorce case showed that the former General Electric Co. chairman has nearly a half billion dollars in assets and a monthly income of $1.4 million.
Financial statements were released Wednesday by Welch and his estranged wife.
Welch's affidavit said he has a total monthly income of $1,414,528 and expenses of $366,114. Welch lists assets of $456 million and liabilities of $16.7 million.
Welch spends $51,531 a month to maintain two Fairfield homes valued at more than $16 million, one in Nantucket valued at $10 million, a $3.5 million home in Lost Tree, Fla., a Palm Beach, Fla., home listed at just $300,000, and a home in Lenox, Mass., valued at $100,000.
He spends an average of $8,982 a month on food and drink and $1,903 on clothes, according to the eight-page document. He also spends over $52,000 a month on gifts[?].
Jane Welch, who has a home in Florence, Italy, lists monthly income of $11,360 and assets of $8.3 million.
"I would just like to get on with my life in a happy way," Welch said after a Superior Court hearing Wednesday. "We are not talking life or death here." ...
<http://www.nytimes.com/aponline/business/AP-Welch-Divorce.html>
Carl
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