5 Costly Celebrity Divorces
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Divorce isn't cheap. Although the rate of divorce is falling, between 35 and 50% of all marriages will dissolve leaving not only broken hearts but complicated financial matters to contest. For celebrities, where finances include money, future royalties, intellectual property and children, the final settlement can reach in to the hundreds of millions of dollars. What are the largest celebrity divorce settlements?
Tiger Woods and Elin Nordegren ($750 million)
In what might be the biggest sports scandal in the recent decade, Tiger Woods and model Elin Nordegren split after it was revealed that Woods had affairs with more than a dozen women. What started as a single car accident outside of their Florida home in 2009 became a media frenzy that resulted in Woods announcing an indefinite break from golf in an attempt to save his marriage. Nordegren would later leave Woods and pocket at least $100 million. Other reports claim that the actual settlement may be as high as $750 million and many have called it the biggest payout ever seen in a celebrity divorce.
Mel and Robyn Gibson ($425 Million)
Mel Gibson, star of films like "What Women Want," "The Patriot" and "Lethal Weapon," split from his wife Robyn in 2011 leaving her with half of his $850 million fortune and rights to half of his future royalties. The couple split after 31 years of marriage because of Gibson's alleged infidelity. Gibson's domestic troubles were highly publicized after a series of voicemails were released that some called "terrorizing." In 2012, it was announced that Gibson's ex-wife will also have access to a portion of his retirement earnings.
Arnold Schwarzenegger and Maria Shriver ($250-$375 Million)
Television personality Maria Shriver and movie star and former California governor Arnold Schwarzenegger were married in 1986, but reports say that Shriver had contemplated divorce since 2009 because of Schwarzenegger's reported infidelity and mental cruelty. When Shriver moved to a Beverly Hills hotel, the couple attempted to reconcile their relationship. In early 2011, the two called it quits. Shriver received a handsome payout. It wasn't until he left office and finalized his divorce that the public learned the details of the child he fathered with a member of his household staff more than 10 years ago.
Michael and Juanita Jordan ($168 Million)
In 2006, basketball legend Michael Jordan split from his wife of 17 years. One year after their marriage and only five years in to his NBA career, the couple drafted a postnuptial agreement that gave Juanita Jordan rights to half of his net worth. The divorce settlement not only included the cash payout, but Juanita Jordan received the couple's seven-acre estate in Chicago and custody of their three children.
Neil Diamond and Marcia Murphey ($150 Million)
Singer Neil Diamond, famous for songs like "Sweet Caroline," and his wife, Marcia Murphey, split after 25 years of marriage. Diamond reported that the former television production assistant received $150 million or nearly half of his fortune. When asked about the divorce he commented that she was "worth every penny."