Michael Jordan's ex-wife's settlement after 18 years of marriage: $150+ million

[sisq0kidd]

Originally posted by: Red Dawn

Originally posted by: Agentbolt

It should work both ways, and I admit I doubt it does

It doesn't though, which is why this annoys people. If the girl was just as likely to get cleaned out in a divorce, nobody would care about this. It's one of the many awful double standards nobody talks about it that's making it harder and harder to be a white male in today's world.

Pssst, MJ isn't a white male.

Thanks god, or else his life would be so hard in today's world!

 

[Red Dawn]

Originally posted by: 91TTZ

Originally posted by: pulse8

Originally posted by: 91TTZ

Originally posted by: redly1
WHAT THE FVCK ARE YOU GOING TO DO WITH $350 million.

hell, she deserves $175 million

Why does she deserve that much money?

The law is broken. When you're married to a rich guy, you have the luxury of sharing his wealth while you're with him. If you decide to leave, you leave him and his money.

It makes no sense that you can decide to leave him and still be "entitled" to half of his money.

While I partially agree with what you have to say, that is an incredibly simplistic way to look at a complicated situation.

So you think that she's entitled to $150 million for being married to a rich guy?

He wasn't super rich when she married him. $350 Million..hmmm, that kind of money is just numbers. After 20 or 30 mill how much of a difference does more wealth make in your lifestyle? It's not as if his children aren't going to inherit it all in the end (well if Jordan hasn't gambled all of his away in the casinos or by making bad investments in sports teams)

He still has 200 million dollars, I have a real hard time feeling sorry for him.

 

[91TTZ]

Originally posted by: cubby1223

You really are incredibly persistent.

It's amazing how you can so know all the finer points of another person's life without any actual knowledge! Maybe I should give it a try too, assuming everything. Certainly will make me more forceful in my opinions. Oh, and I can't forget the other key to success, always call everyone else an idiot.

If you know everything, you'd certainly know that MJ is not your typical husband, Juanita is not a trophy wife, and MJ doesn't exactly have the best off-the-court lifestyle that would be more warranting of gaining custody of kids. And you certainly know that all divorce cases are different, and just because the outcome fits into your preconceived notions of how wrong the world is, doesn't make it true. And no amount of calling others idiots is going to get you closer to any truth.

Taking an outcome, then guessing at the facts that lead to the outcome, brilliant!


P.S. custody is usually decided based on what's the best situation for the children, not what's best for Agentbolt.

You typed a lot of words, yet managed to say just about nothing. Are you trying to convey a point? Let's hear your justification that she deserves $150 million.

 

[Red Dawn]

Originally posted by: 91TTZ

Originally posted by: cubby1223

You really are incredibly persistent.

It's amazing how you can so know all the finer points of another person's life without any actual knowledge! Maybe I should give it a try too, assuming everything. Certainly will make me more forceful in my opinions. Oh, and I can't forget the other key to success, always call everyone else an idiot.

If you know everything, you'd certainly know that MJ is not your typical husband, Juanita is not a trophy wife, and MJ doesn't exactly have the best off-the-court lifestyle that would be more warranting of gaining custody of kids. And you certainly know that all divorce cases are different, and just because the outcome fits into your preconceived notions of how wrong the world is, doesn't make it true. And no amount of calling others idiots is going to get you closer to any truth.

Taking an outcome, then guessing at the facts that lead to the outcome, brilliant!


P.S. custody is usually decided based on what's the best situation for the children, not what's best for Agentbolt.

You typed a lot of words, yet managed to say just about nothing. Are you trying to convey a point? Let's hear your justification that she deserves $150 million.

She bore him children and raised them? She put up with his adultery and gambling?She was there when things weren't going so good for him? I mean it's not like she's putting him in a financial bind. He wanted to share his life with her, I believe that at one time that meant he wanted to share his wealth with her too. Now that he feels different should all that just go out the window?

Marriage is a partnership where everything is 50/50. Just like in business when you dissovle that partnership both partners are entitled to the amount/ percentage agreed upon when entering that partnership. Hell he's getting 50 million more out of it that she is, I think he's getting a good deal.

 

[91TTZ]

Originally posted by: Red Dawn
He wasn't super rich when she married him. $350 Million..hmmm, that kind of money is just numbers. After 20 or 30 mill how much of a difference does more wealth make in your lifestyle? It's not as if his children aren't going to inherit it all in the end (well if Jordan hasn't gambled all of his away in the casinos or by making bad investments in sports teams)

He still has 200 million dollars, I have a real hard time feeling sorry for him.

It wasn't a gamble for her to marry him. He was already rich and famous. He was already an NBA superstar and already had his own line of sneakers (Air Jordans). He got richer as time went on, but she can't pretend that she took a financial risk by settling down with this man.

 

[Red Dawn]

Originally posted by: 91TTZ

Originally posted by: Red Dawn
He wasn't super rich when she married him. $350 Million..hmmm, that kind of money is just numbers. After 20 or 30 mill how much of a difference does more wealth make in your lifestyle? It's not as if his children aren't going to inherit it all in the end (well if Jordan hasn't gambled all of his away in the casinos or by making bad investments in sports teams)

He still has 200 million dollars, I have a real hard time feeling sorry for him.

It wasn't a gamble for her to marry him. He was already rich and famous. He was already an NBA superstar and already had his own line of sneakers (Air Jordans). He got richer as time went on, but she can't pretend that she took a financial risk by settling down with this man.

LOL, you should have such problems. So when she married him he was worth 50 mill and earned 300 mill during their union/partnership. Seems like a fair settlement. He's still worth 200 mill and by the end of it all probably will be worth much more. Feel sorry for the poor sap who loses everything to a cheating wife, not some rich Jock who lives a charmed life.

 

[imported_sicko]

So after taxes he got pretty much nothing left.

 

[91TTZ]

Originally posted by: Red Dawn

She bore him children and raised them?

You know as well as I do that bearing children with a superstar isn't a sacrifice on the woman's part. Just go to any sporting event/rock concert and you'll see scores of groupies that are more than willing to have sex with and get knocked up by the rich/famous guy.

Also, I'm willing to bet that she didn't toil away at home raising the children. They paid someone to do that for them. He earns the money, she shops, the housekeepers take care of the house, the nannies raise the children.

Originally posted by: Red Dawn
She put up with his adultery and gambling?

As for the adultery, he's a scumbag
As for the gambling, it's HIS money to gamble.

Originally posted by: Red Dawn
She was there when things weren't going so good for him? I mean it's not like she's putting him in a financial bind.

When were things not so good for him? She never saw a day in his life when he wasn't a multimillionaire. He was always rich and famous, and I doubt that that fact ever escaped her.

Originally posted by: Red Dawn
He wanted to share his life with her, I believe that at one time that meant he wanted to share his wealth with her too. Now that he feels different should all that just go out the window?

He wanted to be with her, but you're only offering your opinion if you state that he wanted to share his wealth with her, too.

If I were a rich/famous guy and I could pull tons of beautiful women, I'd want to spend my time with a smoking babe also. But that doesn't mean that I want to give her my money- I'd want to keep my money for myself, and tap that because I can.

Originally posted by: Red Dawn
Marriage is a partnership where everything is 50/50. Just like in business when you dissolve that partnership both partners are entitled to the amount/ percentage agreed upon when entering that partnership. Hell he's getting 50 million more out of it that she is, I think he's getting a good deal.

But that's not the way it is. If it's a 50/50 partnership and the assets get equally dissolved when the deal breaks up, why does the women almost always get custody of the children? Wouldn't it be fair if the man gets custody 50% of the time, or at least get 50% custody?

As the law currently has it, the woman gets the enjoyment of keeping the kids AND she gets half his assets.

That's not right. There should be an upper limit to what she's entitled to. She wasn't an NBA star, she shouldn't be compensated like one. If you leave the NBA star, you leave the NBA star lifestyle.

 

[91TTZ]

Originally posted by: Red Dawn

LOL, you should have such problems. So when she married him he was worth 50 mill and earned 300 mill during their union/partnership. Seems like a fair settlement. He's still worth 200 mill and by the end of it all probably will be worth much more. Feel sorry for the poor sap who loses everything to a cheating wife, not some rich Jock who lives a charmed life.

I don't feel sorry for him, he's a cheating scumbag.

I'm just being objective and stating that the law is broken. There is no way that she earned $150 million through the course of that marriage.

 

[moshquerade]

Originally posted by: 91TTZ

Originally posted by: Red Dawn

LOL, you should have such problems. So when she married him he was worth 50 mill and earned 300 mill during their union/partnership. Seems like a fair settlement. He's still worth 200 mill and by the end of it all probably will be worth much more. Feel sorry for the poor sap who loses everything to a cheating wife, not some rich Jock who lives a charmed life.

I don't feel sorry for him, he's a cheating scumbag.

I'm just being objective and stating that the law is broken. There is no way that she earned $150 million through the course of that marriage.

you really don't know much about marriage do you?

 

[91TTZ]

Originally posted by: moshquerade

you really don't know much about marriage do you?

Go on, school me. What did she do that entitled her to $150 million?

 

[moshquerade]

Originally posted by: 91TTZ

Originally posted by: moshquerade

you really don't know much about marriage do you?

Go on, school me. What did she do that entitled her to $150 million?

It's not that hard to research for yourself.

Read: http://www.equalityinmarriage.org/wdget.html

When you enter into a marriage you had better realize there are certain laws pertaining to the union, and if you don't like what you are reading then there should be a pre-nup or maybe no marriage at all. Because we all know even couples who never dreamed they would divorce may end up there.

 

[PingSpike]

Originally posted by: JEDI

Originally posted by: NFS4
http://www.allheadlinenews.com/articles/7007037769

:Q:Q

(BANG) - Steven Spielberg and Neil Diamond have topped a list of the 10 most expensive celebrity divorces, compiled by Forbes.com.

The legendary director paid Amy Irving $100 million - half of his fortune at the time - when they divorced after four years of marriage in 1989.

Spielberg, who is now worth $3 billion, was beaten to the top spot by basketball legend Michael Jordan.

The pending divorce between Jordan and his wife Juanita, who have been married for 18 years, is set to be the most expensive celebrity divorce ever. Jordan earned an estimated $350 million during their marriage, and Juanita stands to receive more than $150 million.

Neil Diamond, in second place, married TV production assistant Marcia Murphey in 1969, before he released his first gold record 'Touching You, Touching Me'.

By the late 70s, Diamond was one of the world's most successful solo artists - earning more than $14 million annually. Murphey filed for divorce in 1994, after 25 years of marriage and was given a $150 million settlement.

Harrison Ford is named in fourth place after his divorce from Melissa Mathison in 2004 cost him $85 million.

Ford, who married Mathison in 1983, became one of Hollywood's highest-paid actors during their union - making $20 million a film.

Mathison also received a percentage of Ford's future earnings from films he made while they were married.

Kevin Costner rounds up the top five, after ex-wife Cindy Silva was awarded $80 million. The couple married in 1978, before divorcing 16 years later.

Sir Paul McCartney's pending divorce to Heather Mills is likely to cost him more than $60 million - earning him the sixth spot in the poll. The Beatles' legend is worth an estimated $700 million.

Michael Douglas, director James Cameron and Lionel Ritchie also made the top 10, while Jerry Hall's divorce from Rolling Stones singer Sir Mick Jagger netted her $15 to $20 million. The former model filed for divorce in 1999, after learning Jagger had fathered another woman's child.

Jagger - worth an estimated $325 million at the time - successfully contested the legality of their Bali wedding and Hall received a fraction of Jagger's estate.

10 Most Expensive Celebrity Divorces by Forbes.com:

1 Michael and Juanita Jordan - divorce pending, possibly more than $150 million

2 Neil Diamond and Marica Murphey - estimated settlement $150 million

3 Steven Spielberg and Amy Irving - estimated settlement $100 million

4. Harrison Ford and Melissa Mathison - estimated settlement $85 million

5. Kevin Costner and Cindy Silva - estimated settlement $80 million

6. Paul McCartney and Heather Mills - divorce pending, possibly more than $60 million

7. James Cameron and Linda Hamilton - estimated settlement $50 million

8. Michael and Diandra Douglas - estimated settlement $45 million

9. Lionel and Diane Richie - estimated settlement $20 million

10. Mick Jagger and Jerry Hall - estimated settlement $15 to $25 million

imagine if bill gates got divorced :Q

He'd just purchase all of the other men in the world and have them terminated. Then she'd have no choice but to go back to old bill.

 

[PingSpike]

Originally posted by: CKent
That's beside the point, we decide legal & financial matters based on what is fair and just, not whether we like someone. Though as an aside if you're looking for monogamous male professional athletes you'll be in for a lifetime of disappointment

This is something that always kind of makes me laugh...not condoning the actions, but lets face it...when you marry a superstar he'd better have a super resolve too, because pussy is going to be coming at him like a freight train all day long.

 

[91TTZ]

Originally posted by: moshquerade

Originally posted by: 91TTZ

Originally posted by: moshquerade

you really don't know much about marriage do you?

Go on, school me. What did she do that entitled her to $150 million?

It's not that hard to research for yourself.

Read: http://www.equalityinmarriage.org/wdget.html

When you enter into a marriage you had better realize there are certain laws pertaining to the union, and if you don't like what you are reading then there should be a pre-nup or maybe no marriage at all. Because we all know even couples who never dreamed they would divorce may end up there.

Yeah, I know what the current marriage laws are, I'm saying that they're broken.

I asked you what she did to deserve $150 million, not according to a broken law, but realistically speaking.

 

[Red Dawn]

Originally posted by: 91TTZ

Originally posted by: Red Dawn

LOL, you should have such problems. So when she married him he was worth 50 mill and earned 300 mill during their union/partnership. Seems like a fair settlement. He's still worth 200 mill and by the end of it all probably will be worth much more. Feel sorry for the poor sap who loses everything to a cheating wife, not some rich Jock who lives a charmed life.

I don't feel sorry for him, he's a cheating scumbag.

I'm just being objective and stating that the law is broken. There is no way that she earned $150 million through the course of that marriage.

How do you know, you didn't have to live with him. Would you live with somebody like Rosie Oddonell(sp) for less than 150 Mill?:laugh:

 

[91TTZ]

Originally posted by: Red Dawn

Originally posted by: 91TTZ

Originally posted by: Red Dawn

LOL, you should have such problems. So when she married him he was worth 50 mill and earned 300 mill during their union/partnership. Seems like a fair settlement. He's still worth 200 mill and by the end of it all probably will be worth much more. Feel sorry for the poor sap who loses everything to a cheating wife, not some rich Jock who lives a charmed life.

I don't feel sorry for him, he's a cheating scumbag.

I'm just being objective and stating that the law is broken. There is no way that she earned $150 million through the course of that marriage.

How do you know, you didn't have to live with him. Would you live with somebody like Rosie Oddonell(sp) for less than 150 Mill?:laugh:

hahaha, good point.

 

[Pacfanweb]

Just a quick point: MJ was already plenty rich when they got married. That around 1990. He was already the best player in the NBA and the face of Nike by then.
Sure, he's richer now, but he was already very, very wealthy and only getting wealthier, in his peak earning years, when they got married.

So yeah, I'm not saying she didn't love him or vice versa, but she KNEW she was hitching a ride on the gravy train, regardless of how it turned out.

 

[Modular]

Is there such a thing as a post-nup?

 

[3chordcharlie]

Originally posted by: child of wonder
WTF?

OK.. he earned $350 million but I'm sure a few million went towards purchasing things for her such as food, housing, entertainment, clothing, jewelry, cars, etc.

And why should she be entitled to a single cent after the divorce since he supported her the entire time?

Thue usual reason is that the marriage was a partnership, so the normally fundamental idea that 'you earn your pay and nothing else' definitely doesn't apply. In most marriages, the income-potential disparity is much lower, so the law actually works pretty well.

Obviously in cases with highly disparate earning potential, the results seem unfair, but unless you change the law to somehow consider the earning-potential of both parties (which will invariably lead to ridiculous claims and stupid decisions), this is just a case of actually having everyone be equal under the law - including the fabulously wealthy.

You have no indication that the wife intended this marriage to fail, and I do believe part of the marriage contract says something about 'til death do us part', so as a matter of fact, MJ does owe the woman something, both legally and ethically. You can argue about the amount til the cows come home, but understand that it's a statistically unusual case, and all the system is doing is treating MJ like any other citizen.

 

[Agentbolt]

Pssst, MJ isn't a white male.

Yeah, maybe it was confusing to phrase it like that. The "white" part isn't directly related to this conversation. That's why I said "part of the reason". The Imus stuff is a good example of how Whitey just can win these days. I guess I should've limited my statement to "male, when in family court"

 

[AgaBoogaBoo]

Originally posted by: 91TTZ

Originally posted by: Red Dawn
Marriage is a partnership where everything is 50/50. Just like in business when you dissolve that partnership both partners are entitled to the amount/ percentage agreed upon when entering that partnership. Hell he's getting 50 million more out of it that she is, I think he's getting a good deal.

But that's not the way it is. If it's a 50/50 partnership and the assets get equally dissolved when the deal breaks up, why does the women almost always get custody of the children? Wouldn't it be fair if the man gets custody 50% of the time, or at least get 50% custody?

As the law currently has it, the woman gets the enjoyment of keeping the kids AND she gets half his assets.

That's not right. There should be an upper limit to what she's entitled to. She wasn't an NBA star, she shouldn't be compensated like one. If you leave the NBA star, you leave the NBA star lifestyle.

Anyone else have an argument/explanation on this topic?

 

[geckojohn]

Wow

 

[imported_Lothar]

Originally posted by: Red Dawn
Marriage is a partnership where everything is 50/50. Just like in business when you dissovle that partnership both partners are entitled to the amount/ percentage agreed upon when entering that partnership. Hell he's getting 50 million more out of it that she is, I think he's getting a good deal.

If I enter a partnership(business or otherwise) where everything is 50/50, I would never contribute more than needed(50%) knowing the fact that no matter my ACTUAL contributed amount it would still end up in 50/50.

MJ should have made her cough up her fair share when they bought the house, cars, and even engagement/wedding rings when they were getting married.

 

[lightpants]

Originally posted by: Modular
Is there such a thing as a post-nup?

Yea, it is called a restraining order