A 70-year-old billionaire hedge fund manager is reported to be ending a marriage that lasted over two decades and preparing to marry a younger fiancée. Multiple reports say the couple is expecting a second child and has begun sharing plans to wed in a “ultra luxurious” location in Europe. The fiancée is described as 37 years old and previously married the billionaire’s fitness-related partner, with the relationship now moving toward a new wedding. The billionaire is also described as having been considered for a role in Donald Trump’s cabinet, though the reports do not specify whether that consideration led to any appointment. Overall, the coverage focuses on the couple’s family update—pregnancy with their second child—along with the announcement that they plan to marry soon and travel to a high-end European venue for the ceremony.