Recent news reports indicate that Michael Jordan will be paying his wife $168 million in a divorce settlement. This is apparently a new record settlement for a celebrity divorce. Undoubtedly, Michael still retains substantial assets. Even better (for him), he still has exceptional income potential from endorsements and business opportunities for many more years. While he is giving up a lot, he should be able to recoup that without too much trouble in coming years. The Jordans wisely reached an out-of-court settlement and avoided the avalanche of bad publicity that many divorces generate.
Thanks to the Mississippi Family Law Blog for reporting the story earlier.
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