Paige Laurie Dubbert, Wal-Mart Heiress, DivorcingBy: Mike Fossum - April 22, 2014
Wal-Mart heiress Paige Laurie Dubbert has filed for divorce from her husband of nearly six years, Patrick Bode Dubbert. Laurie, who plans to have her name restored to Elizabeth Paige Laurie, has cited irreconcilable differences.
Paige Laurie is the daughter of Nancy Walton Laurie, who is the youngest daughter of Bud Walton, the brother and business partner of Wal-Mart founder Sam Walton. Upon Bud’s death, Nancy Laurie and her sister Ann Walton Kroenke inherited roughly $6 billion in Wal-Mart money.
Paige Laurie made headlines a decade ago after her parents used her name on the then new University of Missouri in Columbia basketball facility. The family had contributed $25 million to the construction of the arena to secure naming rights, and called it Paige Sports Arena after their sports holding company, Paige Sports Entertainment. Paige Laurie didn’t attend the university, and scandal erupted after her former roommate at the University of Southern California revealed that the heiress had paid her $20,000 over four years to do her homework. The Lauries then gave up naming rights to the basketball complex, which is now called Mizzou Arena, and Paige voluntarily handed over her diploma to USC.
Regarding her divorce filing, a civil lawsuit accuses Patrick Dubbert of embezzling thousands of dollars from a retail operation Laurie had been backrolling in Malibu. Dubbert had allegedly installed himself as manager, hired a friend as co-manager, and paid himself and said friend $70K per month as “general contractors,” on top of the $250K-per-year base salary Dubbert was already making.
In order to protect her fortune, Laurie had Dubbert sign a prenup, and is likely not too fazed by having to pay five years of spousal support to her husband. Perhaps she can throw in some Wal-Mart gift cards as well.
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