Kevin Rudd's wife Therese Rein is set for a massive windfall after agreeing to the sale of her multinational jobseeker business for up to $225 million.
Ms Rein has agreed to sell Ingeus to US-based employment firm Providence Service Corporation, but will stay on as managing director of the company.
Providence will pay STG35 million ($A63.27 million) in cash and a further STG14.3 million ($A25.93 million) in restricted stock and cash for Ingeus, which provides assistance to the long term unemployed.
Ms Rein and her business partners also stand to receive up to STG75 million ($A135.57 million) over the next five years through an earn-out agreement.
Ingeus was founded by Ms Rein in 1989 and now operates in 10 countries, with more than 70 per cent of its business in the UK.
She sold the company's Australian operations in the lead up to her husband's victory in the the 2007 federal election.
"Providence will provide the financial underpinning and complementary know-how, which will enable us to fully achieve our goals," Ms Rein said in a statement on Tuesday.
"We expect the scale and collective capabilities of the combined businesses will enhance our service delivery and open doors for winning new business."
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