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
PlayPlay

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

FJT aims to be the information hub that empowers Black wealth creation. We are behind FJT's fresh & insightful content that helps you think, learn, laugh, and move towards action to create a stronger Black community.

More in black people and money

Grand hustler George Ray helps aspiring entrepreneurs turn their business dreams into reality

zacharySeptember 16, 2018

Cardi B’s dentist Dr. Catrise L. Austin helps masses craft winning smiles

zacharyAugust 15, 2018

Student loans are the new STDs

FJT StaffMay 6, 2018

Dr Boyce Watkins: Your kids are at risk of falling behind financially because of what they never taught you

FJT StaffApril 1, 2018

10 People who are banned from Wakanda for life

FJT StaffMarch 8, 2018

Wage Growth Proves To Stay Slow

sgreyMarch 5, 2018