• Koch heir Wyatt Koch is suing his former fiancee Ivie Gabrielle Slocumb in order to retrieve a $250,000 engagement ring, The Daily Mail reported.
• Koch is the son of billionaire William Koch.
• He runs his own fashion brand in Palm Beach.
A broken engagement is almost always a source of pain, disappointment and turmoil for those involved.
But for one formerly betrothed couple in Florida, there's also a huge rock worth thousands of dollars on the line, too.
The Daily Mail reported Wyatt Koch filed suit against his ex-fiancee Ivie Gabrielle Slocumb after she failed to return her $250,000 engagement ring once their relationship ended. According to The Palm Beach Daily News, Koch bought the ring for $180,000 at Manufacturing Jewelers on Madison Avenue in March 2017.
Koch is the 31-year-old son of billionaire William Koch, who broke away from his brothers in the 1990s and hosted fundraisers for US President Donald Trump during the 2016 election, according to Fortune. Wyatt Koch lives in Florida, where he runs his own fashion line — Wyatt Ingraham.
Here's a look at the life and career of this Koch heir:
Koch's parents William Koch and Joan Granlund divorced when he was young. He was raised in Greenwich, Connecticut and New York City, and told Palm Beach Illustrated he has fond childhood memories of spending time on Cape Cod and Martha's Vineyard, too.
Source: Palm Beach Illustrated, Tampa Bay Times, The Washington Post, Wyatt Ingraham, The Palm Beach Daily News
Koch's love of fashion began early, from where he first donned a "Yves Saint Laurent black with white pinstripes ensemble" at the age of 15, according to Palm Beach Magazine. He told The Palm Beach Record that he was voted "most fashionable" in high school.
Source: Palm Beach Magazine, The Palm Beach Record
In 2006, he moved to Palm Beach, where both of his parents live. Koch also owns a 450-acre ranch called Wonderland in Okeechobee, Florida.
Source: Palm Beach Magazine, Variety, Palm Beach Daily News
See the rest of the story at Business Insider