Michael Jordan’s prenuptial agreement with his wife, Yvette Prieto, is not one he’d ever want to trigger as it would cost him A LOT.
Yvette Prieto and Michael Jordan (Photos via Getty Images)
Michael and Yvette have been married since 2013 and are still going strong, which is working out well for the former Chicago Bulls star. At 62, MJ probably doesn’t have any intentions of getting divorced, but should he ever split from his wife, it would mean a huge payday.
According to a Massachusetts law firm, His Airness agreed to pay Prieto $1 million for every year they’ve been married, in the case of a separation, when they tied the knot. However, that number went up to $5 million per year once they hit the 10-year mark.
Michael Jordan Would Still Be Paying A Lot Less Than He Did Almost 20 Years Ago
Yvette Prieto and Michael Jordan (Photo by Streeter Lecka/Getty Images)
Given that they’re going on year 12, MJ would have to dish out $60 million for a divorce in 2025. But that would still be a lot cheaper than what his first divorce cost him.
“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.”
The $168 million Jordan paid his ex-wife, Juanita Jordan, in 2006 marked the largest celebrity divorce settlement at the time. He would have to be married to Yvette for another 20 years to risk getting close to that sum.
Jordan could well afford to settle with Yvette as he’s become a billionaire since retiring from basketball, yet that hardly means he’d want to hand over more than $60 million. That’s a lot of money, no matter how rich you are.
Michael Jordan and Yvette Prieto (Photo via Christopher Hanewinckel/Imagn Images)
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