Tiger Woods wife gets $750 MILLION in divorce settlement

Kay King

14 years ago

I think she earned every penny.

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MikeAmbrosio

14 years ago

Originally Posted by Kay King

I think she earned every penny.

Heehee, well then someone owes ME big time...

After all, my wife screwed around on me. Not only did I not GET a cent - I had to pay her alimony for 2 years.

I don't count child support because that's a given...

Anyway, good for her. It's only money. He'll make that back and then some when he gets his head back in the game. Obviously he's confident of that.

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Keithyt

14 years ago

As a PR man, I am surprised, in a negative way, about how Tiger Woods has handled all this. Having done the big "I am sorry" thing, he then carries on lying almost at will. Then when he's challenged about it or asked a sensible question by a trained journalist, he snaps like a cornered alligator and then sulks.

Out of the big divorce settlements, this is the first one where I would say that the minority earning spouse deserves every penny. Great golfer. Total prat.

Lol@Hanz though aghh yes the oldies are the goldies :-)

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QuickSurf 14 years ago

Double what she was originally looking for among other demands and not even being negotitaed... He's just agreeing to everything.... Uhhh yeh I bet it's Moreso she knows a lot of other **** about him that we don't.
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- Steven Wagenheim 14 years ago
  
  Damn...for that kind of money...I would have married him.
  
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  Edk 14 years ago
  
  Missed out
  
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Edk

14 years ago

Originally Posted by Keithyt

As a PR man, I am surprised, in a negative way, about how Tiger Woods has handled all this. Having done the big "I am sorry" thing, he then carries on lying almost at will. Then when he's challenged about it or asked a sensible question by a trained journalist, he snaps like a cornered alligator and then sulks.

Out of the big divorce settlements, this is the first one where I would say that the minority earning spouse deserves every penny. Great golfer. Total prat.

Lol@Hanz though aghh yes the oldies are the goldies :-)

As you've kind of mentioned he's still hiding stuff - how come he's snapping yet. More yet to come out. I for sure wouldn't want to know

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TLTheLiberator

14 years ago

Wow!

How can anyone say...

I vantabetter deal?

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Hanz 14 years ago

I guess she won't ever have to work a day in her life. Nor will the kids. I heard she also got an "island" as part of the settlement.
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JustinDupre

14 years ago

That sure is a lot of money. You're right Hanz.. she and her kids probably never have to work again with that much money and owning part of an island.

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Hanz 14 years ago

Originally Posted by JustinDupre

That sure is a lot of money. You're right Hanz.. she and her kids probably never have to work again with that much money and owning part of an island.

Probably? LOL!!! I think not! Her kids' kids' kids' kids' kids' kids' kids can live off all that money! I'm thinking the next 50 generations of her family could probably live off that money.
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Ernie Lo

14 years ago

Hmm makes sense.....after all she did play golf for many years and practiced as a child and put in all the hard work and rised the ranks......oh wait.

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Kurt

14 years ago

How much is/was Tiger worth? I thought he was estimated to be worth about that much...I wonder what percentage that really is?

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CDarklock

14 years ago

And the moral of the story is:

ALWAYS GET A PRENUP

Edit:

Poor person: "But if we're going to be together forever we'll never need one!"

Rich person: "Then you shouldn't have any problem signing it!"

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Lawrh 14 years ago

Originally Posted by CDarklock

And the moral of the story is:

ALWAYS GET A PRENUP

Watch the vid Ron points to. They had a very strong prenup. Tiger is paying to keep her mouth shut forever.
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- seasoned 14 years ago
  
  Originally Posted by Lawrh
  
  Watch the vid Ron points to. They had a very strong prenup. Tiger is paying to keep her mouth shut forever.
  
  Is a prenup even valid in this case? I mean HE betrayed HER! HE broke his contract with HER! So why would she be held to the prenup?
  
  Steve
  
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  TLTheLiberator 14 years ago
  
  Originally Posted by seasoned
  
  Is a prenup even valid in this case? I mean HE betrayed HER! HE broke his contract with HER! So why would she be held to the prenup?
  
  Steve
  
  A prenup could be structured in any number of ways.
  
  My guess is that his prenup lawyer sucks and forgot to include the "tell-all" clause.
  
  I heard...
  
  Sly Stelone was stuck up by Bridget Nielson when he forgot to include a can't tell-all clause in his prenup with her.
  
  I heard he was paying her $1,000 for everyday they were married in lieu of any type of settlement.
  
  She stuck him up by threatening to tell-all and I heard she got 6 million more out of him.
  
  TL
  
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Kay King 14 years ago

An article I read today said the amount was more than she initially asked for - because her lawyers were able to find a lot of "hidden" assets and it was estimated Tiger was worth about $1 billion.

He paid her for her silence - that's why it's so high. She had to agree not to talk about his other activities, not to write a book, not to discuss his various mistresses in any way, etc.

They did have a prenup but after the expose it was reported he offered to increase the prenup if his wife would stay with him for several more years. Apparently those negotiations blew up.

I'd think the message is "keep it zipped" or pay up.
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- Linda Sweetfield 14 years ago
  
  From a female perspective though, I feel reasonably sorry for her, yes, yes I know, 750mill will keep her company and its more money than anyone can spend in a lifetime but I would say she would have prefered if he had not gone so off the rails and they could have stayed together.
  
  Looks like he was the only one having happy endings here
  
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TLTheLiberator

14 years ago

Originally Posted by CDarklock

And the moral of the story is:

ALWAYS GET A PRENUP

Edit:

Poor person: "But if we're going to be together forever we'll never need one!"

Rich person: "Then you shouldn't have any problem signing it!"

Love conquers all!!!

Will Smith does not have a prenup.

Reportedly Jada asked Will about it and he declined to have her sign something.

TL

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Gary J Martin

14 years ago

I remember last year hearing he had become the first billion dollar athlete.
So she obviously has a settlement of well over half his total worth.

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KenThompson

14 years ago

Obviously he estimated that whatever image he has left was worth it. Considering
that if she wrote a tell-all book, which I imagine the possibility was there, and that
probably would have completely ruined the rest of his life in his eyes.

I have no idea how many years he has left in his career. But a book like that would
have made everything nearly impossible to deal with for him. It's also possible that
he thought about his parents and the impact of everything he has done may have
been weighed into it.

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Hanz

14 years ago

Originally Posted by KenThompson

Obviously he estimated that whatever image he has left was worth it. Considering
that if she wrote a tell-all book, which I imagine the possibility was there, and that
probably would have completely ruined the rest of his life in his eyes.

I have no idea how many years he has left in his career. But a book like that would
have made everything nearly impossible to deal with for him. It's also possible that
he thought about his parents and the impact of everything he has done may have
been weighed into it.

Obviously Tiger Woods really doesn't want us to know the gruesome details of his private affairs. He must've been a REALLY REALLY bad boy! Poor fellow! Oh well! At least he can hit a ball into a hole better than anybody and that's one thing you can't take from him!

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Kenster

14 years ago

Originally Posted by Ernie Lonardo

Hmm makes sense.....after all she did play golf for many years and practiced as a child and put in all the hard work and rised the ranks......oh wait.

Haha, very true. Dont get me started here.

Originally Posted by Hanz

Obviously Tiger Woods really doesn't want us to know the gruesome details of his private affairs. He must've been a REALLY REALLY bad boy! Poor fellow! Oh well! At least he can hit a ball into a hole better than anybody and that's one thing you can't take from him!

That is absolutely correct in my opinion. He is hiding some pretty crazy stuff. Why else would he settle for anything more than half of what he's worth. Obviously he wants to keep some skeletons in the closet.

This is what I fear and again this is my personal opinion. Also as a disclaimer, I dont know the whole history of their relationship. But, in my opinion, he clearly earned much of that 1 billion himself and himself only. Yes, his wife was supportive of him etc etc. But, his value came from his golf skills, something I believe (can be wrong) he had way before the wife even came into the picture.

So now they get divorced, how much is the wife entitled to? Well she should get something, they got married, but should she even get half? She should get enough to live extremely well and make up for her tarnished reputation, maybe 10 million for emotional distress.

Is giving her 100 million not fair? I just have a real hard time believing fair is even 100 mil, but more? 750 mil? Darn man. That is like 5 mil a year guaranteed interest.

I dunno, just a little rant

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Kay King 14 years ago

I think Tiger is about "control" and the inability to control the mess he caused is probably the most painful thing he's been through.

For years he has controlled his "image" as a good guy, nice guy, great family man, etc - even though he has been rude to fans and has had numerous affairs.

He couldn't control the spin when his activities became public - and if he's willing to pay that much to control what his wife does after the divorce, that's the price you pay for control.

He's a great golfer and he can earn more money - he's not a great person and that has become very clear as details have come out. After everything that's come out - I have more respect for pond scum than for Woods.

kay
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Kay King

14 years ago

It's not about fair - it's about control.

Woods has controlled his media coverage for years to give the appearance of clean cut, nice guy, family man - even while he was rude to fans and had multiple affairs.

He thought his apology and comeback would put him back in control - didn't work.

He tried to pay his wife to stay with him for a while - didn't work.

He wanted to control what Elin does after the divorce - so he paid for it.

Only question is whether or not Woods can control himself enough to play golf again and win.

When you are talking in the hundreds of millions - does the number really matter?

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Edk 14 years ago

What's interesting for me is that B4 all this I envied the guy. He now cuts a sorry figure. Wouldn't change places with him.I certainly do mean that.
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KenThompson

14 years ago

Originally Posted by Kay King

It's not about fair - it's about control.

Woods has controlled his media coverage for years to give the appearance of clean cut, nice guy, family man - even while he was rude to fans and had multiple affairs.

He thought his apology and comeback would put him back in control - didn't work.

He tried to pay his wife to stay with him for a while - didn't work.

He wanted to control what Elin does after the divorce - so he paid for it.

Only question is whether or not Woods can control himself enough to play golf again and win.

When you are talking in the hundreds of millions - does the number really matter?

If you're referring to my post, it was not a comment about fairness.

It was just an observation.

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Kay King 14 years ago

Ken -

We were posting at the same time - I was reading Kenster's comments.

kay
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seasoned

14 years ago

Originally Posted by KenThompson

Obviously he estimated that whatever image he has left was worth it. Considering
that if she wrote a tell-all book, which I imagine the possibility was there, and that
probably would have completely ruined the rest of his life in his eyes.

I have no idea how many years he has left in his career. But a book like that would
have made everything nearly impossible to deal with for him. It's also possible that
he thought about his parents and the impact of everything he has done may have
been weighed into it.

From what I am hearing and seeing, it seems like his career is not NEARLY as good as it was.
And then there are the endorsement problems. Technically, he could be SUED by old clients. Good luck getting new ones.

Steve

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HeySal

14 years ago

When the "loser" is keeping 250 mil and a career, it's really tough to feel sorry for him. I'm sure that there are skeletons in his closet that don't have anything to do with affairs that he has to cover if he's paying that much. It might even be financial deals which not only answer how he got that much in the first place that would lead to investigations and jail. I'm thinking that he might just be getting very lucky with his settlement and hush money -- and I'm sure he can manage on a quarter bil without too many problems. I know I could - but wouldn't be adverse to having that idea put to a test.

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Lawrh

14 years ago

According to Forbes, Tiger earned $105 million between June 2009 and June 2010. In spite of his problems he is still in the top five celebrity earnings list. It may decline over the next while, but up until yesterday he was making millions.

CANOE -- JAM! Forbes: World's most powerful celebs

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Gvargas

14 years ago

Wow! Go Elin! Support your kids and continue to get through this horrible but for some reason popular trend. smh

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sarahberra

14 years ago

Wow I didn't even realize that he was that rich. He must be a billionaire then. I think everyone sympathizes with her though. She will live out a good life and I'm sure she will get over him also.

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KenThompson

14 years ago

It also seems to me that people will look at this settlement and say
the same things we're saying here. Hmmm... what on earth is he
trying to hide? lol

And he'll be guilty by speculation and that will still screw him. I'm not
supporting one way or the other. It's just a thought that even paying
750 mil won't make it all go away.

That guy must be scared stiff about something.

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Kurt

14 years ago

Originally Posted by KenThompson

It also seems to me that people will look at this settlement and say
the same things we're saying here. Hmmm... what on earth is he
trying to hide? lol

And he'll be guilty by speculation and that will still screw him. I'm not
supporting one way or the other. It's just a thought that even paying
750 mil won't make it all go away.

That guy must be scared stiff about something.

I think that's what got him in trouble with Elin in the first place...

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TLTheLiberator

14 years ago

TMZ says 750 million not even close.

TL

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KenThompson

14 years ago

don'tcha hate that! lol

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derekwong28

14 years ago

I have lived in the UK long enough to know that you cannot take seriously most of the stories in the Sun. If you haven't read The Sun, I would suggest that you go to website and read a copy so that you can judge for yourself. There are certainly more credible sources that are now disputing the story.

Tiger Woods Divorce Settlement: Not $750 Million SportsMoney - Forbes.com

Reports: Tiger divorce settlement much cheaper than $750 million - Out of Bounds - NBC Sports

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Chris Worner

14 years ago

@Kenster

(irrespective of Tiger woods)This is specifically why I will never get married, no fault divorce has to rate is one of the dumbest laws ever enacted apart from prohibition. When Reagan implemented it and other world leaders followed suite, divorce rates and the breakdown of families in general went through the roof.

Why men want to get married and risk donating 50-75% of their net wealth and assets to somebody who may not have neccesarily contributed to the aquisition of said wealth and assets financially really does fascinate me.

Not to mention the fact that as a father, you have LESS rights in the family court as ruling in the best interests of the child is really BS for ruling in favour of the mother.

But to each their own.

Chris

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smclendon 14 years ago

Like I tell my husband "It cheaper to keep me"!
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KenThompson

14 years ago

Interesting article at Forbes about Tiger. What really amazed me is
the Tiger Woods PGA Tour video game has racked up US sales at
600 million since it came out. That blows me away. Sure, he gets
money from that, but I think he should have paid someone to make
that game way back when. I have no idea what world wide sales
are, but he would have basically doubled his gross if he owned that
game.

But he went the route with creating his own golf course design business
just like Nicklaus and Palmer. They apparently have done well. Its been
a different climate for Woods. Maybe the course design business carries
a more sophisticated image than owning a video game business. Who
knows. I still would have gone with the video game biz.

But I'm sure he'll be just fine. 105 million last year. That should carry him
for a few months.

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Victoria Kelley

14 years ago

“Oh what a tangled web we weave, When first we practice to deceive.”

Tiger should have known better. Now his children will eventually see some of dad's fun somewhere in time, on the internet. Pretty sad actually.

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Alan Petersen 14 years ago

Proof positive that prenups are worthless when you're caught being a dirty rat. The prenup was strong so the $750 million was hush money. It's like a shake-down but hey it's his mess so he's gotta pay.

Those affairs and sneaking around sure turned costly.
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gareth

14 years ago

This shows how much I watch US gossip - I didn't even know she was divorcing him.

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PeterDunin

14 years ago

Yes i agree $750 million is a bit excessive,but its not as if he can't afford it!

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Kenster

14 years ago

[quote=Kay King;2289976]It's not about fair - it's about control.

Woods has controlled his media coverage for years to give the appearance of clean cut, nice guy, family man - even while he was rude to fans and had multiple affairs.

He thought his apology and comeback would put him back in control - didn't work.

He tried to pay his wife to stay with him for a while - didn't work.

He wanted to control what Elin does after the divorce - so he paid for it.

Only question is whether or not Woods can control himself enough to play golf again and win.

When you are talking in the hundreds of millions - does the number really matter?[/QUOTE]

From an outsiders perspective, probably not, but I think the main issue is about fairness and equity. And I think you can make an even better yet opposite argument...clearly he personally earned a vast majority of the fortune himself, so since 50mil is enough to live comfortably on for the rest of your life, why not give her just 50 and he can keep the 1 billion.

I do see your point, I'm just playing a little devils ad here :p

Originally Posted by skyfox7

@Kenster

(irrespective of Tiger woods)This is specifically why I will never get married, no fault divorce has to rate is one of the dumbest laws ever enacted apart from prohibition. When Reagan implemented it and other world leaders followed suite, divorce rates and the breakdown of families in general went through the roof.

Why men want to get married and risk donating 50-75% of their net wealth and assets to somebody who may not have neccesarily contributed to the aquisition of said wealth and assets financially really does fascinate me.

Not to mention the fact that as a father, you have LESS rights in the family court as ruling in the best interests of the child is really BS for ruling in favour of the mother.

But to each their own.

Chris

Chris, I completely agree. On your first bolded point above, the same is true for women. If a women is responsible for 99% of the income produced or brought 99% of the combined net income into the marriage, how does it make sense the man would deserve 50% if it was clear he had no major or impacting role in the earning of any monies under marriage.

And I agree with the second point as well. Its just natural biases and stereotyping permeating into the legal system.

But then again, I can name some other completely ridiculous laws as well.

If I die or want to give my son 10 million bucks because I feel like it, how does it make sense that the government can claim 50% of that or 90% of that if giving to my grandson. Like what! :confused:

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Rich Lowe

14 years ago

Good luck to her. I think she deserves every penny.

Rich

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Kenster 14 years ago

Originally Posted by Rich Lowe

Good luck to her. I think she deserves every penny.

Rich

Just curious what the justification is? Not saying you are wrong, just want to know why you think she deserves 3/4 billion :confused:
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TLTheLiberator

14 years ago

Used to be that TV ratings suffered when Tiger Woods did not play in a golf tournament.

Now, things are so bad for the onetime superstar golfer that ratings go down when he does play.

After Woods played the worst golf of his career, ratings for the final round of the Bridgestone Invitational were down 51 percent over last year, when Woods won the event.

But more telling, the ratings were down 34 percent from 2008 -- when Woods did not even play in the tournament.

The absence of Woods from golf has been a perennial problem for golf ratings ever since Woods started to dominate the game 10 years ago.

Viewers want to see him play -- and when he does not, they turn off the set by the millions.

But if the latest ratings trend holds up, the game has a new problem:

people are tuning out rather than watching the one-time champion struggle and fail.

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Dan C. Rinnert

13 years ago

Originally Posted by ramboo

but they did not get the divorce they are with each others.

Where do you get your news?

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Tiger Woods wife gets $750 MILLION in divorce settlement

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