Elon Musk: Correcting the Record About My Divorce
huffingtonpost.com
Elon Musk: Correcting the Record About My Divorce
1–10 of 134 posts
Re: Elon Musk: Correcting the Record About My Divorce
#2"The legal and accounting bills for the divorce total four million dollars so far, which is an average of roughly $170,000 per month for the past 24 months."
Wow.
Re: Elon Musk: Correcting the Record About My Divorce
#3Dupe: http://news.ycombinator.com/item?id=1498914
Curiously, neither site says where this comes from.
Re: Elon Musk: Correcting the Record About My Divorce
#4Now that's what you call an entrepreneur
Re: Elon Musk: Correcting the Record About My Divorce
#5For shame. I don’t understand how someone can be so greedy as to try to take wealth their ex-parter created after explicitly agreeing not to do so!
Edit: And due to lawyers’ fees, the couple’s net worth is decreased by millions in the process.
Re: Elon Musk: Correcting the Record About My Divorce
#6"The legal and accounting bills for the divorce total four million dollars so far, which is an average of roughly $170,000 per month for the past 24 months." Wow.
The lawyers always win.
Re: Elon Musk: Correcting the Record About My Divorce
#7"The legal and accounting bills for the divorce total four million dollars so far, which is an average of roughly $170,000 per month for the past 24 months." Wow.
He is paying for both party's so she has no reason to skimp on legal fee's. But assuming a 50/50 split it works out to ~500$ / hour * 40 hours a week, for each of them. Which is probably just 1 full time layer + some part time help for each of them.
Re: Elon Musk: Correcting the Record About My Divorce
#8Dupe: http://news.ycombinator.com/item?id=1498914 Curiously, neither site says where this comes from.
What do you mean? The Huffington post is written by Musk himself.
Re: Elon Musk: Correcting the Record About My Divorce
#9The lesson here is: marriage is a very risky proposition, particularly if you are male or much richer (even just potentially) than your partner.
(PS: Much respect for Musk.)
Re: Elon Musk: Correcting the Record About My Divorce
#10This whole thing is a bit surprisingly to me since it seems like Elon covered his bases with the separate property agreement. Yet it still has been a major hassle for him money wise.
Gene Simmons (from the band kiss) has an interesting approach to this which he wrote about in his book. He never married his long time partner and playboy playmate Shannon Tweed. But he took it even a step further having her and other live in girlfriends sign documents stating that despite living together they would not become common law married.
Trump is ok with marriage, but puts strong pre-numps in place.
Anyway, it's reading articles like this that can really turn you off to marriage as an entrepreneur. It's hard to say whether you're going to be in love with someone in 20 years, much less 1 year, so why put a legal contract on it? It might make more sense to vest your marriage over time or just take your partnership one day at a time without a contract.