Slam-Dunk Payday In Michael Jordan Divorce
Considered to be one of basketball’s greatest players ever, NBA legend Michael Jordan has agreed to pay his ex-wife Juanita, over $168 million as part of their divorce settlement, the costliest on record. It outsizes the former record-setting $156 million settlement singer Neil Diamond paid to his ex and puts the potential $64 million payoff in the Paul McCartney-Heather Mills divorce stranded in the nosebleed seats.
Jordan and his ex are still friends since separating in September 2006. The couple married in 1984 and had three children together.
For such a potential financial bombshell, the couple kept their split relatively quiet. After attempting to reconcile, they finally agreed to divorce. She has custody of their children and continues to live on their estate outside Chicago. Even with this payoff, she is still only receiving about one third of Jordan’s entire wealth.
Jordan has held the NBA record with 10 all-time scoring records, six NBA MVP awards and six NBA championships. Even though he has not held a basketball in over four years, he continues to wow marketers with his remarkable staying power as a selling icon, catapulting him into the financial stratosphere.
Other astronomical divorce paydays have been Steven Speilberg’s divorce from actress Amy Irving with a $100 million settlement. Billionaire Revlon CEO Ron Perelman just keeps paying it out every time he changes wives: Wife No. 1 only got $8 million, but Wife No. 2, journalist Claudia Cohen $80 million, Wife No. 3 Patricia Duff $30 million and Wife No. 4, actress Ellen Barkin, $60 million. Actor Michael Douglas paid his –ex Diandra, $45 million and Titanic director James Cameron sunk Linda Hamilton with a $50 million settlement.