After going through a massive divorce in the past, NBA Great Michael Jordan apparently has a prenup in case of a divorce.
In a recent report, it was revealed that Michael Jordan’s current wife, Yvette Prietto, would inherit $1 million for each year of marriage should the two decide to split, and if married over 10 years, that fee will increase to $5 million annually.
This isn’t unheard of for professional athletes. Gaining generational wealth is common for stars, and since many have lost tens of millions of dollars in settlements after divorces, so Jordan and Prietto agreeing to a prenup isn’t shocking, especially as Jordan learned from his first divorce.
In 2006, Jordan’s divorce from his first wife Juanita Vanoy resulted in a settlement that cost him $168 million of his then $650 million, and if in irreconcilable difference would occur, he would likely want to avoid a comparable payout, even with his current net worth of $2 billion+.
Jordan married the younger Prietto in 2013, meaning the current payout would soon be over $55 million. The couple have two children together.
Jordan’s net worth will dramatically increase, as he recently sold his majority ownership of the Charlotte Hornets for $3 billion, though he will still hold a minority stake. This sale will likely have little impact on hir prenup.
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Though the details of Jordan and Prietto’s arrangement is public, we at TPS continue to wish their family the absolute best.
