Marrying someone with considerable wealth comes with its own set of challenges. Those who hold the wealth usually want to protect it, and in that most couples find themselves talking to attorneys before they get married. Somebody has to sign the prenuptial. Yvette Prieto, Michael Jordan‘s fiance did. Here are the terms:
- Each gets to keep whatever assets they bring into the marriage
- She get $1 for every year they are married
- If they stay married ten years and then divorce, she gets $5 million for every year they’re together
When Michael Jordan divorced his first wife, Juanita, they didn’t have a prenuptial agreement. As such, after 17 years of marriage she walked away with $168 million, the mansion and custody of their three children.
While I have mixed emotions about planning a marriage while planning the divorce, when it comes to professional athletes it may be smart. They have a higher rate of divorce than the national average and, depending on the sport, can accumulate a considerable amount of wealth.
I’m sure Michael Jordan wants to protect his empire, unless he plans to stay in it–until death do they part.
They signed a prenup.
Your Jersey Girlfriend,