black people and money

Chris Rock’s wife wants a HUGE chunk of his money

Chris Rock’s wife wants a HUGE chunk of his money

Malaak Compton-Rock, who married Chris Rock in 1996, isn’t walking away from her marriage quietly.  The former Mrs. Rock says that she wants at least a third of Chris’ $70 million dollar fortune, which is surely going to be contested when the two battle it out in court.

The couple have two children, Lola, 13, and 11-year-old Zahra.  This means that in addition to a massive divorce payout, Rock has a good chance of being on the hook for alimony and child support payments as well.   Malaak’s attorneys are claiming that she should receive a payout that is “commensurate with the marital standard of living.”

The two did have a prenuptial agreement, but both parties agree that the document no longer stands due to a “Sunset Clause,” stating that it’s null and void after 18 years of marriage.  So a lot of money is likely going to change hands.

The basis for Malaak’s request is that during the years of their marriage, she ran the Angel Rock Foundation, which helped women get back on their feet after being on welfare.  She also took care of their two children while Chris was on the road.

In this podcast, which you can download, Finance professor Dr Boyce Watkins and S. Tia Brown discuss the divorce in a segment of “Financial Lovemaking.”  There is a lot to think about, for example:  If a person is married to you, how do you determine the percentage of their contribution to the wealth paid to the other partner?


black people and money

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