Yvette Prieto’s prenup with Michael Jordan reveals an intriguing financial safeguard.
After a high-profile divorce from his first wife, Juanita Vanoy, which cost him a staggering $168 million settlement, Michael Jordan made sure to protect his assets in his second marriage to Yvette Prieto. The unique prenuptial agreement reflects Jordan’s determination not to repeat the financial losses he experienced.
Yvette Prieto, wife of basketball legend Michael Jordan, has reportedly signed a prenuptial agreement that guarantees her a significant payout in the event of a divorce.
Under the agreement, Prieto will receive $1 million for each year of marriage if the couple decides to part ways. If their marriage lasts beyond 10 years, she will be entitled to a substantial sum of $5 million per year.
As one of the wealthiest athletes in history, Michael Jordan’s approach to marriage and finances highlights his prudence and caution when it comes to protecting his substantial wealth. The prenuptial agreement with Yvette Prieto serves as a testament to his determination to avoid the financial pitfalls of his past.
Yvette Prieto’s prenuptial agreement not only safeguards Michael Jordan’s fortune but also secures her financial future in the event of a separation. The agreement underscores the careful planning that both parties have put into their marriage, ensuring that their financial interests are well-protected.
Michael Jordan’s $168 Million Mistake
In 1989, Michael Jordan married Juanita Vanoy, and their union seemed like a fairytale romance. The couple had three children together – Jeffrey, Marcus, and Jasmine. However, after 17 years of marriage, their relationship began to unravel.
In 2006, the couple finalized their divorce, and the separation came with a staggering price tag – a $168 million divorce settlement.
The eye-watering settlement not only highlighted the emotional toll of the split but also showcased the financial consequences of not having a prenuptial agreement. Jordan’s net worth at the time was estimated to be around $650 million, and the settlement significantly impacted his wealth.
After the costly divorce from Juanita Vanoy, Michael Jordan found love again. In 2011, he began dating Yvette Prieto, a Cuban-American model. Despite the age gap of 16 years, the couple’s relationship blossomed. In 2013, Jordan and Prieto tied the knot in a lavish wedding ceremony in Florida.
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