November 13, 2007
With his amazing athletic ability and a knack for scoring in the clutch, Michael Jordan redefined the game of basketball. Now Jordan, and his wife of 17 years, Juanita, have redefined divorce settlements.
The Times of London reported Jordan will pay his former wife more than $168 million. The final severance package for Juanita Jordan includes the couple's seven-acre estate in Chicago and custody of their three children. A year after their marriage in Las Vegas in 1989, he signed a prenuptial agreement that entitled her to half his fortune, but she has claimed only a third.
The Times reported Jordan earned over $350 million over the course of their marriage. He also pioneered lucrative sponsorships deals with McDonald's, Coca-Cola and Nike, which created the bestselling range of Air Jordan shoes. The settlement eclipses the most expensive celebrity divorce on public record, in which Neil Diamond paid his ex-wife Marcia Murphey about $150 million.