Attorney Richard Fields his estranged wife Ekaterina may represent the worst of stereotypes that people have of the top 1 percent and their distinct problems. The couple has been in an intense battle of who gets a $100,000 baby grand piano in the couple’s former New York apartment. Neither is actually a pianist but Fields, who is managing director of Juridica Asset Management, insists that he already lost another baby grand in an earlier divorce from another wife. Indeed, both of these people make a Tom Wolfe novel look like Little Home on the Prairie.
Fields’ attorney insists that the piano “has particular resonance.” The English court agreed to let Fields keep it.
The rest of the case is just as excessive. Ekaterina Parfenova, 42, is a former beauty queen who Fields claims demanded £500,000 from him to get her to divorce her first husband. She is now seeking £2.6million from Fields who is now planning to marry another woman — his sixth wife. Fields, 59, says that he willing gave her the money that appeared a condition for her leaving her first husband — an arrangement that sounds more like a NFL contract than a marriage. When asked if she would get a job, Parfenova balked at the idea actually working and insisted “No … I am a very good wife. I will try to find a husband.” So Fields is moving on to his sixth wife and Parfenova is trolling for another husband. In the meantime, Fields offered Parfenova £2.2million for a home but she is insisting on a £5.5million property in Kensington that requires a £3million mortgage costing £120,000 a year.
The couple married in 2002 and the most scary aspect of his story is that they have two children together. However, it was the baby grand that was the subject of the most recent litigation.
For his part, Fields continues to paint his wife as a gold digger and explains his own conduct in touching terms: “I am a generous man to a fault. I am not materialistic and in the past I have been too generous.” In addition to the baby grand, Fields has two Porsches at the U.S. residence with his new girlfriend lives (with full use of his American Express platinum card) and keeps a Jaguar in Miami.
What struck me about this case is how much court time is spent on the soon to be various marriages of both of these people. Indeed, given his history, I am surprised that Fields does not have all of this laid out rather neatly in prenup agreements. According to his bio, Fields worked at a series of large law firms before founding the company.
It is also striking how such negative stories are not viewed as a problem for Juridica Asset Management. We have been discussing how public controversies have been used to terminate employees but that rarely applies to people at the pay grade of the managing partner of Juridica Asset Management. The company boasts “Providing economic value through well thought out strategies.” Yet, the image of his managing director burning through lives and assets in conspicuous consumption stories cannot advance that frugal image particularly well. Then again his image of tossing around wealth may be precisely the image that the company wants to convey: such wealth creation that it can support an endless litany of marriages and divorces around the world.
Source: Daily Mail