Michael Jordan was married twice in his life. His first marriage was in 1989 to Juanita Vanoy. After 17 years of settling down, Jordan and Vanoy decided to end their marriage in 2006.
The divorce didn’t end well for the NBA legend. Jordan ultimately provided his ex-wife approximately $168 million in the divorce settlement, in addition to granting her custody of their three children.
Juanita Vanoy was also allowed to retain ownership of the marital home, a 25,000-square-foot mansion in Chicago.
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Jordan reportedly made legal arrangements to avoid this when he married Yvette Prieto in 2013, and presented her with an engagement ring worth $1 million. Yvette Prieto proposed.
Their union began with the signing of a comprehensive prenuptial agreement, a financial arrangement designed to manage the division of assets in the event of divorce.
The prenuptial agreement stipulated that Yvette Prieto was entitled to $1 million for each year of their marriage.
However, the agreement entitles her to a larger sum of $5 million per year if their marriage exceeds ten years.
For someone as wealthy as Jordan, a prenuptial agreement is a pragmatic precaution. Such agreements, with an estimated net worth of approximately $3.5 billion, provide clarity and predictability when divorcing, simplifying the process for both parties.
A closer look at Michael Jordan’s love life
Jordan’s love life made headlines when he married Juanita Vanoy in 1989. The couple met at a Chicago restaurant in 1985 and quickly fell in love.
Their marriage produced three children: Jeffrey, Marcus and Jasmine. However, despite their seemingly idyllic life, the marriage faced challenges and they eventually divorced in 2006.
The settlement was one of the most expensive in the history of famous divorces, with Juanita receiving a huge financial settlement as well as custody of their children.
After his divorce from Juanita, Jordan’s love life took a new turn when he began dating Cuban-American model Yvette Prieto.
The couple made their relationship official in 2011, and two years later they held a lavish wedding in Florida. Their wedding caused a media sensation, with the bride wearing a stunning gown designed by J’Aton.
While Jordan’s personal relationships faced the same complexities and challenges, Jordan’s legacy as an NBA icon and successful businessman continues to shine.