NBA superstar Michael Jordan, who went through a highly publicized divorce in the past, has reportedly taken precautions this time around with a prenuptial agreement.
According to recent reports, Jordan’s current wife, Yvette Prietto, would receive $1 million per year of their marriage if they were to divorce.
This amount would increase to $5 million annually if they remain married for over a decade.
Under the terms of the prenuptial agreement, his wife will get $1 million for each year they remain married, but if they stay married for more than ten years then she will receive the tidy sum of $5 million per year of marriage. In Jordan’s previous divorce he ended up paying his wife approximately $168 million, as well as giving her custody of their three children. She also got to keep the marital home, a sprawling 25,000 square foot estate in Chicago.
This approach is not uncommon among professional athletes, as many have lost significant amounts of money in divorce settlements.
Jordan, having learned from his costly divorce from his first wife Juanita Vanoy in 2006, is likely seeking to protect his fortune, which currently stands at over $2 billion.
Jordan and Prietto got married in 2013 and have two children together.
Despite recently selling his majority ownership of the Charlotte Hornets for $3 billion, Jordan’s prenuptial agreement is unlikely to be affected. While the details of their agreement are public, we wish their family all the best.
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