A woman who worked as a pole dancer is set to receive $3.25 million from her ex-husband after the Family Court ruled against his bid to have their pre-nuptial agreement overturned because of her "false promises".

The couple, referred to by the court as Mr Wallace and Ms Stelzer, first met in 1998, when he was married to someone else, and moved in together shortly after.

He was 51 years old, divorced and came into the marriage with an "overwhelming pool of assets". He has a net worth of more than $16 million.

She was 38 years old at the time, “had no assets” and had also been married previously.

In 2004, Mr Wallace divorced his first wife, transferring property and paying her $7 million in the divorce settlement.