Law Office of Michael D. Tracton, P.C.
Call For A Free Initial Consultation:
281-201-1481
Call For a Free Consultation:
281-201-1481
Menu Contact

Kobe Bryant divorce may cost NBA star half his fortune

Wealth and fame do not guarantee that a spouse's divorce settlement is favorable or fair. Sometimes the mistakes of the very rich can teach those with fewer resources valuable lessons about settling property division during a divorce.

Kobe Bryant was the National Basketball Association's highest paid player last year. His nearly $25 million salary was supplemented by an extended Lakers' contract worth more than $83 million. Forbes magazine estimated Bryant's pre-tax income, including his NBA salary and endorsements, to be $53 million, excluding agent fees.

When Bryant married his wife Vanessa 10 years ago, he was not the multi-million dollar athlete he is today. The couple reportedly never signed a prenuptial agreement before their 2001 marriage.

Vanessa Bryant recently initiated a divorce, citing "irreconcilable differences" as the reason for the couple's breakup. The divorce is taking place in a community property state where 10 years is considered a long marriage, at least long enough to affect a divorce settlement.

The length of the marriage will be significant in court. A long-term union allows Vanessa Bryant the opportunity to seek and receive a post-divorce financial lifestyle much like the one she had during the marriage.

According to some estimates, Kobe Bryant's net worth hovers around $150 million. Legal observers say the combination of no prenuptial agreement and the lengthy Bryant marriage may mean Vanessa Bryant is entitled to $75 million, half of her husband's fortune.

Vanessa Bryant might have been placed in the position to accept much less during marital asset division had the couple signed a prenuptial agreement. Alimony payments also could have been capped or made conditional.

As it stands according to state laws, Vanessa Bryant is expected to be well-off for the rest of her life. Her divorce settlement could also be supplemented by extra spousal and child support.

Source: The Los Angeles Times, "Kobe Bryant divorce: 'Prenup could have saved half his fortune," Dec. 20, 2011

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact us for a Free Initial Consult

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Law Office of Michael D. Tracton, P.C.

12920 Dairy Ashford Road
Suite 140
Sugar Land, TX 77478

Phone: 281-201-1481
Fax: 281-242-2325
Sugar Land Law Office Map