Settlement FAQs

what was shaunie o neal divorce settlement

by Kelton Rippin Jr. Published 2 years ago Updated 2 years ago
image

O’Neal had a prenuptial agreement, reports Bombist. So when the couple divorced in 2011, most of his assets were protected. In his biography, Shaq Uncut: My Story, the NBA Hall of Famer revealed he and his now ex-wife agreed upon a costly private settlement. He continues to pay $10,000 per month in alimony and an additional $10,000 per month for each of his four children.

Shaunie did get granted custody of their children, providing a substantial amount of spousal and child support. The divorce resulted in Shaq giving up half of his $300 million net worth to Shaunie and $100,000 a month in child support.

Full Answer

When did Shaq divorce Shaunie O’Neal?

The Shaq Divorce, which involved the marriage of basketball superstar Shaquille O’Neal and his wife Shaunie O’Neal, was finalized in 2010, ending a 5-year marriage forged in 2002.

Did Shaquille O'Neal protect his net worth from divorce settlement?

Shaquille O'Neal wisely protected his net worth from a divorce settlement prior to marrying his ex-wife, Shauna. Shaquille O'Neal had an interesting career on the court, though lots of fans might agree, his life off of it might be far more entertaining. From his love life to friendships, Shaq always seems to be making headlines.

Who is Shaunie O’Neal’s ex-husband?

BURBANK, CA – JANUARY 13: Shaunie O’Neal and Shaquille O’Neal celebrate Shareef O’Neal’s 18th birthday party at West Coast Customs on January 13, 2018 in Burbank, California. (Photo by Cassy Athena/Getty Images) Shaquille O’Neal’s former spouse Shaunie O’Neal is one of the most decorated socialites in Los Angeles.

How many children does Shaunie O’Neal have?

Shaq and Shaunie have four children, and each has a child from a previous relationship. This is amazing how much someone living an excessive life style spends and how much their divorce settlements are. At least he is keeping our economy going.

image

How much does Shaunie O'Neal get in alimony?

Choosing to be with some of those women, well, that's on me.” That was not the only one on his shoulders. Shaq reportedly paid his ex-wife Shaunie Nelson $10,000 monthly for alimony and another $10,000 for child support.

How much did Michael Jordan pay in alimony?

“Michael Jordan demanded a prenup to protect his $650 Million from Yvette Preito!”: When Bulls legend learned his lesson from the $168 million divorce settlement with Juanita Vanoy. This may be a fairly obvious thing to say, but Michael Jordan is very much a man of money.

Who has the most expensive divorce?

Jeff BezosJeff Bezos's divorce in 2019 from MacKenzie Bezos; is the most expensive divorce with MacKenzie Bezos getting $38 billion ($40.3 billion inflation adjusted). Alec Wildenstein's divorce in 1999 from Jocelyn Wildenstein; $3.8 billion ($6.2 billion inflation adjusted).

What celebrity pays the most in spousal support?

Top 10 Highest Alimony PaymentsAmy Irving & Steven Spielberg — $100 million.Kevin Costner & Cindy Silva — $80 million. ... Kenny & Marianne Rogers — $60 million. ... James Cameron & Linda Hamilton — (more than) $50 million. ... Michael & Diandra Douglas — $45 million. ... Ted Danson & Casey Coates — $30 million. ... More items...•

When did Shaquille O'Neal get divorced?

The couple married in 2002 in a private ceremony in the Beverly Hills Hotel. Accusations of infidelity tore the couple apart. In 2011, they went through a costly divorce — and the details will make you cringe.

When did O'Neal get divorced?

The divorce was finalized in 2011, reports Clutch Points, the same year O’Neal retired from playing in the NBA. Since he was playing for the Miami Heat when the proceedings began in 2007, the divorce was handled in the state of Florida.

How much does Shaq make a year?

Shaq continues to bring in $60 million a year in endorsement deals and investments. He is a firm believer in endorsements and represents companies like American General Insurance, Papa John’s Pizza, Gold Bond, Icy Hot, and many many more.

How much is O'Neal worth?

O’Neal has an estimated net worth of $400 million. Now retired, he makes more money off the court than he did playing basketball. The 7-foot-1 giant earned $292 million in salaries from his 19 seasons in the NBA.

Who is O'Neal dating?

In 2019, it appeared he was dating Chicago Fire actress, Annie Ilonzeh, but neither one of them have confirmed they are in a current relationship.

Did Shaq's wife file for divorce in California?

Why Shaq’s wife wanted to file divorce papers in California. The divorce was finalized in 2011, reports C lutch Points, the same year O’ Neal retired from playing in the NBA . Since he was playing for the Miami Heat when the proceedings began in 2007, the divorce was handled in the state of Florida.

Does California have spousal support?

California courts refused to hear issues related to property division and spousal support, saying Florida retained in the jurisdiction, reports ESPN. Since the children resided with her in Los Angeles, the California family courts agreed to handle issues relating to child custody.

Why did Shaquille O'Neal divorce?

Although there existed various speculation with regard to the reasons for the divorce were cited as irreconcilable differences with regard to the strain of marriage in conjunction to what Shaunie O’Neal cited as Shaquille O’Neal’s celebrity status

What was the finalization of Shaq divorce?

The Finalization of the Shaq Divorce. The finalization of the Shaq divorce required a decision by a trial judge, which was set forth by the presiding judge overseeing the trial. Upon the dissolution of the marriage between Shaquille O’Neal and Shaunie O’Neal expressed the following in conjunction with the petitions filed:

How many children did Shaq have?

The Truth behind the Shaq Divorce. The Shaq Divorce, which involved the marriage of basketball superstar Shaquille O’Neal and his wife Shaunie O’Neal, was finalized in 2010, ending a 5-year marriage forged in 2002. The couple maintained custody over a total of 6 children; both Shaquille O’Neal and Shaunie O’Neal shared 4 natural children, ...

What was the Shaq divorce challenge?

The challenge facilitated Shaquille O’Neal was set forth in order to determine the surmise and itemization of the collective assets in possession of both himself and Shaunie O’Neal; these details latent within the Shaq Divorce challenge were comprised of the petition set forth by Shaunie O’Neal with regard from the spousal support, division of assets, and custody from which she had petitioned from Shaquille O’Neal.

How many children did Shaquille O'Neal have?

The couple maintained custody over a total of 6 children; both Shaquille O’Neal and Shaunie O’Neal shared 4 natural children, while each of them arrived into the relationship with one child from previous relationships:

Is Shaq divorce legal in Florida?

The Shaq Divorce in the State of Florida. Within the State of Florida – in tandem with a contested divorce – the court will retain the author ization to determine the terms of a divorce settlement; as was the case with the Shaq Divorce, the divorce settlement included the following procedures: The Determination of Fault in the Shaq Divorce.

Can Shaq and Shaunie settle divorce?

In the event that a couple mutually decides to file for divorce in an uncontested fashion – which means that the couple has both agreed to the terms of the divorce settlement, as well as to the reasoning for the ultimate dissolution of the marriage – the specific details of the divorce settlement are not released to the public record; however both Shaquille O’Neal and Shaunie O’Neal were unable to settle the Shaq Divorce outside of court, and as a result, certain details of the Shaq Divorce settlement became available on public record.

How much does Shaq make a month?

As part of his divorce from estranged wife, Shaunie, the Miami Heat player has released his financial records to the public. Although he makes a whopping $1.8 million a month – that’s right, I said month – he spends $875,000 in expenses. Shaq filed for divorce in September, accusing his wife of five years of being secretive about her finances and spending their money without his knowledge.

Does Shaquille O'Neal make money?

It’s an astounding look into the personal finances of basketball extraordinaire Shaquille O’Neal. The big guy makes a ton of money, but then again, he also pays out a ton of money. As part of his divorce from estranged wife, Shaunie, the Miami Heat player has released his financial records to the public.

Shaquille O'Neal And Ex-Wife Shaunie's Relationship Ended On Bad Terms

Off the court, Shaq has had a busy life. When it comes to family, the former NBA star has his hands full, with six children. In addition, he was married for seven years, alongside Shaunie O'Neal. The two got hitched in 2001, only to go their own way, the divorce was finalized in 2011.

Shaquille O'Neal Was Able To Protect The Majority Of His Assets During The Divorce Settlement

We've seen other celebrities in the past get cleaned out completely in similar situations. Take Hulk Hogan, who lost 70% of his assets following a divorce to his long-time ex-wife, Linda Claridge. Shaq on the other hand didn't take much of a hit when it comes to his massive $400 million net worth.

Shaquille O'Neal And Shaunie Are On Good Terms These Days

Not only are the two co-parenting together on amicable terms, but their relationship seems to be extremely close, so much so that Shaq FaceTimes his ex regularly, as she revealed alongside People.

How much is Shaq's wife paying in alimony?

A detailed account of the settlement wasn't released publicly, but it has been reported that Shaq is paying her at least $20,000/month in alimony.

Why did Nick Faldo divorce Valerie?

Apparently, the third time is not the charm for Nick Faldo, who filed for divorce from his third wife, Valerie – the woman he proclaimed to be “The One.” Though infidelity had broken up Faldo's first two marriages , it's been reported that Valerie's “high maintenance” attitude and unwillingness to play second fiddle to her husband, is the reason for the split – which sort of sounds “chauvinistic” to many of us. Whatever the real reason for the breakdown, it cost Nick the healthy sum of $11.8 million dollars to free him up to find the “Next One.”

Why did Sugar Ray divorce his girlfriend?

He had that crossover appeal. But in 1990, his former high school sweetheart Juanita filed for divorce citing physical abuse and cocaine use by the boxing champ. He later acknowledged the allegations were true.

How much does Shaq make in Superman?

By some estimates, over the course of his career, Shaq pocketed a cool $300 million in salary and endorsements.

What happened to the shark golfer?

The Shark was once one of the greatest golfers on the PGA tour. Unfortunately for him, he'll be remembered best for an epic meltdown one weekend in 1996 at the Masters where he blew a 6-stroke lead and lost by 5. But what lands him on this list is his divorce from his wife Laura Andrassy – after 25 years of marriage. The dissolution of their vows cost him a very tidy sum of $104 million in settlement money. That has to hurt more than nearly getting your hand cut off by a chainsaw.

How many marriages end in divorce?

It's a sad statistic that half of all marriages – at least in the United States – end in divorce. A couple choosing to sever their matrimonial ties has become so commonplace that more often than not,

Who are the celebrities who live in a fishbowl?

Yeah, we're looking at you Joumana Kidd, Kim Kardashian, Kris Humphries, and Siohvaughn Funches. Celebrities and professional athletes live their lives in a fishbowl.

image
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9