Zynga Founder’s Wife Files for Divorce and Asks to Nullify Prenup

Billionaire Mark Pincus is embroiled in a high stakes divorce battle with his wife, Alison Gelb Pincus.

The Silicon Valley power couple has been married for more than 8 years. They have 3 children together.

Mark is the founder of Zynga and an early Facebook and Twitter Investor. Alison is the co-founder of One Kings Lane, which was sold to Bed Bath & Beyond in 2016 for $30 million.

Alison filed for divorce in San Francisco County Superior Court. The estranged couple is asking for joint custody of the children and Alison is asking the court to invalidate a prenuptial (or premarital) agreement. Mark founded Zynga in 2007, a year before the couple married. Zynga became a $1 billion company within 4 years and Mark is worth $1.28 billion.

Source: New York Post, “Zynga Billionaire Mark Pincus embroiled in big-money divorce,” Emily Smith, March 30, 2017

Gwen Stefani Files for Divorce

Singer Gwen Stefani has filed for divorce from Gavin Rossdale.

The couple has been married for 13 years. They have 3 children together: Kingston (age 9), Zuma (age 6), and Apollo (age 1). Stefani is asking for joint custody of the children.

Stefani is reportedly worth $80 million and Gavin’s net worth is estimated at $35 million.

The couple released the following joint statement: “While the two of us have come to the mutual decision that we will no longer be partners in marriage, we remain partners in parenthood and are committed to jointly raising our three sons in a happy and healthy environment.”

Source: TMZ.com, “Gwen Stefani Files for Divorce from Gavin Rossdale,” August 3, 2015

Oklahoma Oilman to Pay $1 Billion in Divorce Settlement

Harold Hamm was ordered by an Oklahoma state court to pay $999.5 million to his ex-wife to settle their divorce.

It was believed that Hamm was worth more than $11 billion and that he could be ordered to pay his ex-wife between $4 billion and $8 billion.

Harold and Sue Ann Hamm were married in 1988. Sue Ann claimed that she accompanied Harold to speaking engagements and helped him with his public speaking. In the mid-1990s, she headed the crude oil marketing department of Hamm’s company (Continental Resources).

Among the nearly $1 billion in assets awarded to Sue Ann, she received:
• The family home in Nichols Hill, Oklahoma worth $4.675 million
• A ranch in Carmel Valley, California worth $17.5 million
• A home in Enid, Oklahoma worth $800,000

Source: CNN Money, “Oil Tycoon to pay $1 billion divorce settlement,” Jillian Eugenios, November 10, 2014.

*Special thanks to Tonya Stewart for assisting with this story. Ms. Stewart is a paralegal intern from Heald College.

Neil Young Files for Divorce from Wife of 36 Years

Neil Young has filed for divorce from his wife Pegi Young, the inspiration for his love songs “Such a Woman,” “Unknown Legend,” and “Once an Angel.”

Young filed for divorce in San Mateo County Superior Court on July 29th. The couple married in 1977 and have two children together: Ben and Amber Jean (who are both adults). Neil met Pegi when she was working as a waitress at a diner near his ranch. The couple has maintained a home in La Honda, California for several years.

Young is represented by Hanson Crawford Crum, a family law boutique firm located in San Mateo.

Source: Yahoo! Music, “Neil Young Files for Divorce from Pegi Young, Wife of 36 Years,” Rolling Stone, August 26, 2014

Russian Billionaire Ordered to Pay Ex-Wife $4.5 Billion in “Most Expensive Divorce in History”

A Swiss court has ordered a Russian oligarch known as the “fertilizer king” to pay more than $4.5 billion to his ex-wife to settle their divorce.

Dmitry Rybolovlev, who made his fortune from potash mining, is currently ranked 147th on Forbes magazine’s list of billionaires with an estimated net worth of $8.8 billion and co-owns the French soccer club AS Monaco.

He and Elena Rybolovleva met as university students in Russia and were married in 1987. Divorce proceedings were initiated in 2008 and Elena was awarded custody of the couple’s 13 year old daughter. Elena initially demanded $6 billion to settle the divorce.

On Monday, the Geneva Tribunal of First Instance said Rybolovlev must pay Elena 4,020,555,987.80 Swiss francs ($4,509,375,184.80). The judgment also awarded a $146 million property in Gstaad to Elena and 2 other pieces of real estate in Geneva.

Elena’s lawyer called the parties’ marital dissolution “the most expensive divorce in history,” but Rybolovlev’s lawyer said the judgment was likely to be reduced in an appeal. “There will definitely be a new appellate review and therefore this judgment is not final given the existence of two levels of appeal in Switzerland,” said Tetiana Bersheda.

Source: Yahoo News, “Russian oligarch faces $4.5 billion Swiss divorce,” John Heilprin (Associated Press), May 20, 2014

Terrence Howard’s Divorce Finalized

Terrence Howard’s bitter divorce against Michelle Ghent is finally over.

A judge finalized the couple’s divorce this week and awarded 2 houses in Pennsylvania and 25 bank accounts to Howard. Ghent was ordered to return a 2011 Range Rover to Howard. She was allowed to keep a bike and a BMW. Howard was ordered to pay Ghent $5,800 per month in spousal support for 3 years.

Ghent filed for divorce in February 2011 after a year of marriage and accused Howard of physical abuse. Howard denied the charges and called Ghent a racist.

Source: TMZ.com, “Terrence Howard – Nasty Divorce War Over – Ex-Wife Gets Bicycle,” May 10, 2013

Vanessa Marcil and Carmine Giovinazzo’s Divorce Final

Former “90210” star Vanessa Marcil and “CSI: NY” actor Carmine Giovinazzo’s divorce has been finalized.

Marcil filed for divorce last year. The couple married in 2010 and has no children. As part of their property settlement, Marcil gets to keep a 2009 Chevy Silverado, the couple’s L.A. home, some bank accounts, and all rights to her baby clothes company (“Baby Gagoo”).

Giovinazzo was assigned as his separate property a 2002 Mercedes CLK, a 2006 Harley-Davidson motorcycle, a 2010 Triumph motorcycle, a 1969 Pontiac GTO, a 2009 Ducati motorcycle, a 2011 Chevy Camaro, and some bank accounts.

Source: TMZ.com, “Former ‘90210’ Star Divorce Final from Nicest DUI Arrestee Ever,” March 18, 2013

5 Ways a Divorce Will Cost You Money

Divorces are not only stressful, but they can also hit you in the pocketbook. According to Samantha Fraelich, a financial advisor with Bernard R. Wolfe & Associates, many people don’t realize how their finances will be affected by a divorce.

Here are 5 ways a divorce can affect your bottom line.

1. Attorney’s Fees.  Even if your divorce is amicable, you can easily spend $2,000 to $3,000 on attorney’s fees and costs. However, if your divorce is hotly contested, all bets are off. According to Forbes, the average cost of a divorce is $30,000.

2. Child Support and Daycare.  If children are involved, breadwinners are typically ordered to pay child support to the other spouse. The amount of support is usually a function of the parties’ respective incomes and the amount of time each parent is spending with the children. Childcare expenses are often shared by parents, but many costs pop up at the last minute and it’s sometimes difficult to get the other spouse to pay up.

3. Taxes.  Once your divorce is finalized, your tax filing status will change from married filing jointly to single, which could increase your taxes. It is always a good idea to discuss the potential tax consequences of your divorce with a certified public accountant.

4. Retirement.  IRAs, 401(k)’s, and other retirement plans are often split up in divorces. The amount each party gets often depends on the extent to which the employee made contributions before and during marriage and after the parties’ separation.

5. Insurance.  Most married couples who don’t have long-term care insurance assume that their spouses will take care of them in their old age. Long-term care insurance helps ensure that a person who cannot perform the basic activities of daily living (such as dressing bathing, eating, toileting, walking, etc.) is taken care of and usually covers home care, assisted living, adult daycare, hospice care, and nursing home facilities.

Source: Forbes.com, “5 Ways Divorce Takes Your Money,” Kenneth Rapoza, March 12, 2013

Dennis Quaid Buys $3.1 Million House for Estranged Wife in Divorce Settlement

Dennis Quaid has purchased a $3.1 million home in Pacific Palisades for his estranged wife Kimberly Buffington-Quaid.

According to a report by TMZ, Quaid bought the house for Buffington-Quaid as part of their divorce settlement. The actor and his wife will both hold title to the house.  Buffington-Quaid will have exclusive use of the home until their children turn 18. TMZ states that “[t]he settlement conditionally allows [Buffington-Quaid] to stay even longer.”

The couple married in 2004 and has two children together: twins Thomas Boone and Zoe Grace (age 5). Quaid and Buffington-Quaid separated and sought to end their marriage in 2012.

This is Quaid’s third marriage. He was previously married to Meg Ryan (divorced in 2001) and P.J. Soles (divorced in 1983).

Source: TMZ.com, “Dennis Quaid Buys Ritzy House For Ex and the Twins,” March 2, 2013

Mel Gibson’s Father Finalizes Divorce

Hutton Gibson and Teddy Joye Hicks’s divorce is official.

Gibson and Hicks married in 2001 and separated in May 2012. Gibson filed for divorce a month later.

The couple’s divorce became final on January 3rd. They reportedly split $22,000 in community property. Hicks reportedly got to keep $640,000 in cash and savings as her separate property. Gibson got to keep $22,595 as his separate property.

Gibson is 94 years old and the father of actor Mel Gibson.

Source: TMZ.com, “Mel Gibson’s Dad Officially Divorced And She’s Got Bank,” January 4, 2013