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Wednesday, February 3, 2021

Rackspace founder, downtown San Antonio developer Graham Weston and wife file for divorce

Posted By on Wed, Feb 3, 2021 at 11:18 AM

Graham Weston speaks during a San Antonio event several years ago. - FACEBOOK / JULIÁN CASTRO
  • Facebook / Julián Castro
  • Graham Weston speaks during a San Antonio event several years ago.

Buckle up for what may the highest-profile San Antonio divorce case in recent memory.

Wealthy downtown developer and Rackspace Technology Inc. co-founder Graham Weston and his wife Elizabeth have filed separate divorce papers, the Express-News reports. They're also making serious allegations about each other as they look to end their 26-year marriage.

Elizabeth Weston accuses her husband of sexually assaulting her and carrying on extramarital affairs, including with a possible blackmailer, the daily reports. Meanwhile, Graham Weston alleges his wife secretly recorded him and hired a private investigator to spy on him for a year and a half.

The stakes are clearly high. Weston was named to Forbes' 2013 billionaires list before falling off, and he continues to be a significant investor in downtown. The entrepreneur made recent headlines with his involvement in Community Labs, a nonprofit that offers no-cost, rapid COVID-19 screening.

A key fight in the court proceedings, according to the Express-News, will center around whether the developer's wealth is community property or shielded behind a trust over which he has sole control.

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