Latest news with #JustineMusk
News.com.au
4 days ago
- Entertainment
- News.com.au
Who got the house: Expensive celeb divorces revealed
When a couple ties the knot, they don't envision a future where they're battling in court over who gets to keep the house (or houses). Even with every resource available to make a marriage work, celebrities do end up getting divorced like everyone else. See some of the biggest celebrity splits below and what happened with their homes. Elon and Justine Musk The Tesla boss was married to his first wife, Justine Musk, for eight years after their courtship began in college. The couple had six children together, including their oldest son, Nevada, who died from sudden infant death syndrome. In a blog post for Business Insider, Musk described how they share joint custody of their children and he foots the bill for their nannies' salaries. The SpaceX founder said he also sends Justine $US20,000 ($A30,600) per month post-tax for clothing, shoes and other discretionary items. In addition to giving her their Bel Air home, the billionaire claimed the split had saddled him with $US170,000 ($A260,000) average monthly legal bills. Bill and Melinda Gates Bill and Melinda Gates called it quits after 27 years of marriage. The couple confirmed their split in May 2021, though they'd been separated for a year before the announcement. For much of their marriage, the former couple lived inside Gates' 66,000-square-foot compound in Medina, Washington State, which is referred to as 'Xanadu 2.0' in a reference to a fictional estate that features in the movie 'Citizen Kane.' According to Realtor, the Microsoft founder purchased the expansive property in 1988 for just $US2 million and then poured an estimated $US63 million into renovating. The home is now believed to be worth an eye-watering $US130 million ($A207 million), Fortune reports. At the time of their split, the former couple owned multiple properties, including a beach house in Del Mar, California, which they purchased for $US43 million in 2020; an equestrian ranch in Rancho Santa Fe, California, which they bought in 2014, paying $US18 million; two horse farms — one in Wellington, Florida, and one in upstate New York; and a $US12.5 million property in Indian Wells, California. However, the current ownership of the other homes within the Gates' real estate portfolio has not been revealed. Following the divorce, Melinda reportedly walked away with $US76 billion ($A120 billion) along with stocks and properties. Jeff Bezos and MacKenzie Scott The billionaire Amazon founder and his wife of 25 years announced their split in 2019. What followed was a costly divorce that made Scott the third-richest woman in the world. She left Bezos with 75 per cent of their shared stock in the e-trail giant, although she only kept nearly 20 million shares, which were valued at about $US35 billion ($A53 billion) at the time, the New York Post reports. With apparently no prenup in place, Scott could have laid claim to even more of their shared 16 per cent stake in the company. But market experts speculated she didn't attempt to dilute Jeff's control of the company because it could unnerve investors and reduce the value of Amazon shares. Bezos also retained all the shares in the Washington Post, which he bought in 2013, and in his space company, Blue Origin. According to Yahoo, Scott kept ownership of some key properties from the former couple's real estate portfolio. As part of the divorce settlement, the novelist received a sprawling Beverly Hills mansion in California. She and Bezos snapped up the home in 2007 for $US24.4 million ($A37.3 million). Scott also received sole ownership of a Beverly Hills ranch-style house. She and Bezos purchased the second home in an off-market deal on the same street in 2017 for $US12.9 million ($ Following the divorce, philanthropist donated her two Beverly Hills homes to charity California Community Foundation (CCF), valued at $US55 million ($A84 million). Elon Musk and Talulah Riley The richest man in the world has also divorced twice from the actress Talulah Riley. After their first marriage ended in 2012, Riley reportedly walked away with $US4.2 million ($A6.4 million). They reconciled and wed again a year later, only for Elon to file for divorce in 2015. That time, Musk agreed to pay her $US16 million ($A24.5 million) in the split, TMZ reported. The then-couple purchased a $US17 million ($A26 million) Bel Air mansion in 2014. After their split, Musk acquired the estate and listed the property on the market. Tiger Woods and Elin Nordegren It was one of the most famous divorces and biggest scandals in sport. Once squeaky-clean, Tiger Woods had his reputation tarnished by a series of allegations of infidelity. Ex-wife Elin Nordegren divorced the golf legend in 2010 for a reported $US110million ($A168 million). Woods shared a mansion with his former spouse in the Florida enclave of Jupiter, which still remains as his primary residence. The 15-time major champion purchased a 12-acre plot for $US40 million in 2006. Today, the property is estimated to be worth upward of $US60 million ($A94 million). Michael Jordan and Juanita Vanoy The Chicago Bulls legend married Juanita Vanoy at the Little White Chapel in Las Vegas in 1989 and ended up going through two separate divorce sagas with her. The couple had three kids together but, in 2002, they filed for divorce citing irreconcilable differences, the US Sun reports. Despite the filing, they decided to try and salvage the marriage. But ultimately ended up seeking divorce again in 2006. Vanoy received a $US168million ($A257 million) settlement, which made it the most expensive celebrity divorce at the time. The NBA icon purchased the Highland Park estate with his wife at the time, Juanita Vanoy, in 1991 for $A2.5 million (AUD). The basketball legend then took full ownership of the home in January 2007, one year following the couple's divorce. Jordan offloaded the mansion after it lingered for 12 years on the market for $A22 million. Mel Gibson and Robyn Moore When Mel Gibson and Robyn Moore settled their divorce in 2011, it made history as the biggest ever celebrity divorce payout. The 'Lethal Weapon' star split from his dental nurse wife after three decades of marriage and seven children. Moore walked away with a staggering $US425 million ($A583 million). 'I did a pretty good hatchet job on my marriage myself, you know,' the Oscar winner later told talk show host Jay Leno. 'I'm to blame.' Gibson is known to have invested heavily in real estate, including an island in Fiji he bought for $15 million in 2005. People reported that Moore was also entitled to half of any film residuals Gibson receives for the rest of his life. Isla Fisher and Sacha Baron Cohen Sacha Baron Cohen and Isla Fisher have finalised their $US75 million ($A120 million) divorce battle more than one year after they announced their split. Baron Cohen, 53, and Fisher, 49, announced last April they had called it quits after 14 years of marriage. The pair and their three children had been living between Perth, Sydney, London and Hollywood. Despite calling Australia home for large parts of their relationship, the Hollywood couple don't appear to have bought any homes together Down Under. The Aussie actress and English comedian reportedly spent some time at a Darling Point mansion, also in Sydney's east, that cost around $100,000 a week and sold for $24 million in November 2022. But according to property records the only home either of the couple own in Australia is the two-bedroom Woollahra unit Fisher bought in 1995 and still owns, for $171,500 as a 19-year-old, just a year after she first started starring on 'Home and Away'. Fisher sold the apartment last October, pocketing $930,000. Greg Norman And Laura Andrassy Greg Norman endured a costly divorce to wife of 22-years, former flight attendant Laura Andrassy. The Shark was forced to pay out an astonishing $US103 million ($A157 million) settlement in 2007. The Legendary golfer's split cost him $US17.5 million ($A27 million) from the sale of their beachfront home on Jupiter Island, a $US4 million ($A6.1 million) home in Palm Beach, a $US50 million ($A60 million) one-off payment and $US500,000 ($A600,000) in jewellery. Harrison Ford And Melissa Mathison In 2004, Harrison Ford got divorced from his second wife, Melissa Mathison after 21-years of marriage. Melissa, a screenwriter who wrote 'E.T. The Extra-Terrestrial', was given $US90 million ($A116 million), plus future royalties on two 'Star Wars' and three 'Indiana Jones' movies. The former couple purchased a ranch in Jackson Hole, Wyoming. Now the actor primarily lives on the $US13 million ($A19.9 million) estate with his current wife, Calista Flockhart. Kevin & Cindy Costner Kevin Costner parted with $US80 million ($A122 million) when he divorced first wife Cindy Silva in 1994 after 16 years. In 1988, 'The Bodyguard star' purchased an enormous property in Carpinteria, California, and became the primary residence of him and Silva. Although it is unclear just how much the actor forked over for the compound, the property is now valued at around $US145 million ($A230 million). When Costner and Silva split, the actor took ownership of the property. Paul McCartney and Heather Mills Sir Paul McCartney and Heather Mills announced their split in 2008, six-years after their wedding. The former model initially tried for $343 million in the divorce settlement, but ended up with a still-impressive $66 million instead. The Beatles star bought a riverside flat in London for Mills, reportedly to serve as her office. It was listed for sale in 2020. Madonna and Guy Ritchie Madonna forked over an estimated $US92 million ($A126 million) to Guy Ritchie when they divorced in 2008. 'The Man from U.N. C. L. E' director walked away with their country home in Ashcombe and their London Pub (Punchbowl).
Time Business News
01-07-2025
- Entertainment
- Time Business News
Elon Musk's 14 Children: Meet the Musk Family
Elon Musk, the billionaire CEO of companies like Tesla, SpaceX, and Neuralink, has gained widespread fame not only for his groundbreaking work in technology and space exploration but also for his personal life. Musk, known for his bold vision of the future, has also made headlines for his large family. As of now, Elon Musk 14 children, with a variety of partners over the years. His role as a father has intrigued the public, given his demanding career and high-profile ventures. In this article, we'll explore the names of Elon Musk's 14 children, their ages, and a little bit about his family life, shedding light on Musk's experiences as a father. Elon Musk's journey to fatherhood has been marked by high-profile relationships, some of which have captivated the public. His children have gained attention, not only because of their famous father but also for the unique names some of them have. Born: 2002 2002 Mother: Justine Musk (Musk's first wife) Justine Musk (Musk's first wife) Details: Nevada was Musk's first child, born in 2002. Tragically, Nevada passed away at only 10 weeks old from sudden infant death syndrome (SIDS). This loss deeply affected Musk and his then-wife Justine. Born: 2004 2004 Mother: Justine Musk Justine Musk Details: Griffin is one of Elon Musk's twin sons, born in 2004. He and his twin brother Xavier were born via IVF. Griffin and his siblings have generally kept a low profile in the media. Born: 2004 2004 Mother: Justine Musk Justine Musk Details: Xavier is the twin brother of Griffin, born in 2004. In 2022, Xavier made headlines after legally changing his name to Jai and transitioning. He also changed his gender from male to female, which led to further public attention surrounding Musk's family. Read Also: Stunna Girl: The Rise of a California Queen in the Rap Game Born: 2006 2006 Mother: Justine Musk Justine Musk Details: Kai is one of Elon Musk's triplets, born in 2006, following the birth of Griffin and Xavier. He and his siblings share a relatively private life compared to Musk's more public persona. Born: 2006 2006 Mother: Justine Musk Justine Musk Details: Saxon is another member of the 2006 triplets, alongside Kai and Damian. Like his brothers, he has largely stayed out of the public eye, with minimal information shared about him. Born: 2006 2006 Mother: Justine Musk Justine Musk Details: Damian is the third child from the 2006 triplet birth. The Musk children have kept a relatively low profile, with their father Elon rarely sharing details about their personal lives. Born: 2020 2020 Mother: Grimes (musician Claire Boucher) Grimes (musician Claire Boucher) Details: Elon Musk and Grimes made waves when they named their first child together X Æ A-12, with the name sparking a whirlwind of confusion and intrigue. The unique name has multiple parts: X represents the unknown variable, Æ is a character used in some languages, and A-12 is a reference to a CIA plane. However, due to California naming laws, they later adjusted the name to X AE A-Xii. Read Also: Suzy Perez Age: The Journey of a Rising Star in Entertainment Born: 2021 2021 Mother: Grimes Grimes Details: Exa, also known as 'Y,' was born in December 2021 via a surrogate. Musk and Grimes have referred to her as a 'powerful' name, with Exa referring to a supercomputer term for exaflops, and Dark Sideræl representing the unknown and cosmic qualities of the universe. This name showcases Musk's penchant for unique, futuristic ideas. Born: 2022 2022 Mother: Grimes Grimes Details: Strider is Elon Musk's second child with Grimes, born in 2022. While not much is known about Strider yet, Musk has shared his name with the public. It's possible that Strider is a nod to strength or endurance. Musk has been married twice: first to Justine Musk, then to Talulah Riley, a British actress. Following his relationships with them, Musk has also had children with his former partner Grimes. Grimes and Musk have a highly unconventional and often public relationship, which has led to much discussion about their unique names and philosophy toward parenting. In addition to his children with Justine Musk and Grimes, Musk is rumored to have fathered children with Shivon Zilis, a top executive at his AI company Neuralink. While the exact details of his relationship with Zilis remain largely private, it has been reported that Musk and Zilis welcomed twins in late 2021, bringing his total number of children up to 14. Elon Musk's role as a father has often been overshadowed by his ventures in technology, space exploration, and artificial intelligence. Nonetheless, Musk has expressed his desire to raise his children with a strong sense of independence and curiosity, which aligns with his own approach to innovation. In interviews, Musk has mentioned that he enjoys spending time with his kids, particularly engaging them in interesting discussions and activities. He's also shared that he encourages them to ask questions and think critically about the world around them, even if his work schedule is demanding. Despite the unique circumstances surrounding his family life, Musk has maintained a relatively private stance about his children. For the most part, his kids have stayed out of the limelight, with Musk occasionally sharing glimpses of his family on social media. Read More: Happy Birthday Blessings: 10 Beautiful Wishes to Celebrate Life Elon Musk's 14 children represent a diverse and complex family dynamic, shaped by his relationships with various partners, his career choices, and his unique approach to life. While Musk's public life often takes center stage, his children remain a central part of his private world. The unusual names and family choices add an element of intrigue to his already fascinating persona. As the children grow, it will be interesting to see how Musk's legacy as both a father and a pioneering figure in technology will evolve. TIME BUSINESS NEWS
Time of India
08-05-2025
- Business
- Time of India
Elon Musk's first wife Justine Musk could have been a billionaire
Elon Musk's ex-wife, Justine Musk, is not a billionaire. Her divorce settlement played a key role. A post-nuptial agreement limited her claims. She rejected an $80 million settlement. Instead, she sought Tesla and SpaceX equity. The court ruled in favour of Elon. Justine received $20 million and the Bel Air home. Other billionaire divorces yielded larger settlements. Elon Musk , the world's richest person with a net worth exceeding $364 billion, is often associated with his groundbreaking ventures like Tesla and SpaceX. Yet, despite his vast wealth, his first wife, Justine Musk , remains far from the billionaire status. A Canadian-born novelist and mother of six of Musk's children, Justine Musk's financial journey diverged significantly from that of her former husband. Operation Sindoor 'Op Sindoor's precision & execution was unimaginable': Rajnath Singh Operation Sindoor: India repels drone, missile attack across LoC Operation Sindoor: Several airports in India closed - check full list Although she requested shares in both Tesla and SpaceX during their divorce proceedings, she ultimately received no stake in either company. Justine's financial situation today is modest compared to Elon's fortune, with her net worth estimated at around $15 million. How Zip2 kickstarted Elon Musk's fortune and family life According to reports, Elon Musk's journey to wealth began with the founding of Zip2 in 1995, a software company he started with his brother Kimbal and a friend, Greg Kouri. After selling Zip2 to Compaq in 1999 for approximately $300 million, Musk pocketed around $20 million. This windfall marked the start of his entrepreneurial ascent, enabling investments in subsequent ventures like which eventually became PayPal. During this period, Justine Wilson, a budding novelist, and Elon Musk met while both were students at Queen's University in Ontario, Canada. Their relationship rekindled when Justine moved to Silicon Valley, where they shared an apartment while Musk worked on Zip2. The couple married in 2000 and settled in Los Angeles in 2002. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3 Capital Gains Tax Strategies for Seniors SmartAsset Learn More Undo Elon Musk's marriage and financial dynamics After their marriage, Elon Musk continued to build his empire. In 2002, he founded SpaceX, followed by an investment in Tesla in 2004. By 2006, Justine had given birth to six sons, including twins and triplets. During these years, Justine pursued her writing career, publishing three fiction novels between 2005 and 2008. Despite Musk's increasing wealth, their relationship faced challenges. In 2008, Elon filed for divorce. At that time, SpaceX and Tesla were still in their developmental phases, and Musk had not yet achieved his current level of success. How one legal document kept Justine Musk from joining the billionaire club As per reports, Justine Musk's financial situation today is largely a consequence of the divorce settlement and the legal agreements she signed. Initially, Justine asked for child support, the family home, $6 million, a glacier-blue Tesla Roadster, and a percentage of Musk's Tesla and SpaceX shares. However, she did not secure these requests. The main reason for this outcome was a post-nuptial agreement that Justine had signed in March 2000, which essentially waived her right to Musk's financial assets, apart from the family home. During the divorce proceedings, Justine contested the validity of this agreement, arguing that Musk did not disclose the pending merger between and Confinity, which later became PayPal. Despite the legal battle, the court ruled in favor of Musk. Why Justine Musk chose equity over an $80 million settlement According to Musk, he initially offered Justine $80 million before taxes as a settlement, which she declined. Instead, she aimed for equity in Tesla and SpaceX, anticipating their growth. However, because of the signed post-nuptial agreement, she received $20 million after taxes, including half the value of their Bel Air home and monthly support payments of $20,000 for discretionary expenses and household needs. The Bel Air mansion, which was eventually sold for $6.5 million, was less valuable than initially estimated. Justine reinvested a portion into a smaller Los Angeles home, now valued at over $8 million. In hindsight, had she invested the proceeds from the mansion sale into the stock market, her financial standing might have been significantly stronger. Elon Musk and Justine Musk divorce comparison with other high-profile divorces The disparity between Justine Musk's financial outcome and that of other billionaire divorces is striking. For example: Jeff Bezos and MacKenzie Scott : MacKenzie Scott received a 25% stake in Amazon during her 2019 divorce, valued at $36 billion at the time. Bill Gates and Melinda French Gates : Although the exact terms remain private, Melinda reportedly received about $25 billion. In contrast, Justine's decision to forgo an $80 million lump sum for a stake in companies that were still in their infancy ultimately left her with much less wealth. Why Justine isn't a billionaire The primary reasons for Justine Musk's modest net worth are: Post-nuptial agreement : This legally binding document significantly limited her financial claims during the divorce. Rejection of initial settlement : Preferring company shares over a guaranteed $80 million turned out to be a financially disadvantageous decision. Limited investments post-divorce : The proceeds from her property sales were not significantly invested, reducing her potential to grow wealth over time. Justine Musk's current financial standing and public perception Today, Justine Musk continues her life as a writer, maintaining a relatively low profile. Her involvement in public debates, particularly regarding social issues, has occasionally drawn attention. Despite being the mother of Musk's first five surviving children, her financial standing remains a small fraction of Elon's vast fortune. Also read | Genshin Impact Codes | Fruit Battlegrounds Codes | Blox Fruits Codes | Peroxide Codes AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
10-03-2025
- Business
- Yahoo
Elon Musk's Ex-Wife Spills The Truth About What It Really Takes To Be A Billionaire: 'There Is No Roadmap, No Blueprint For This'
Justine Musk, the first wife of billionaire Elon Musk, once shared her unique insights on the journey to becoming a billionaire. What Happened: In 2015, Justine Musk responded to a Quora thread questioning whether determination and hard work alone lead to a billion-dollar fortune. As Elon Musk's first wife, she firmly answered, 'No.' She suggested that the question was misguided, emphasizing that determination alone falls short of the mark. To become a billionaire, one must be ready to tackle extreme challenges head-on. Don't Miss: Are you rich? Here's what Americans think you need to be considered wealthy. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share! She wrote, 'You're determined. So what? You haven't been racing naked through shark-infested waters yet,' underlining the high level of risk and resilience required to accumulate such wealth. 'Will you be just as determined when you wash up on some deserted island, disoriented and bloody and ragged and beaten and staring into the horizon with no sign of rescue?' she further wrote in the post. 'Shift your focus away from what you want a billion dollars and get deeply, intensely curious about what the world wants and needs. Ask yourself what you have the potential to offer that is so unique and compelling and helpful that no computer could replace you, no one could outsource you, no one could steal your product and make it better and then club you into oblivion (not literally). Then develop that potential. Choose one thing and become a master of it. Choose a second thing and become a master of that,' she continued. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Justine Musk's insights are based on her personal experience being married to Elon Musk, who has an estimated net worth of $12.1 billion. 'The world doesn't throw a billion dollars at a person because the person wants it or works so hard they feel they deserve it. The world does not care what you want or deserve. The world gives you money in exchange for something it perceives to be of equal or greater value: something that transforms an aspect of the culture, reworks a familiar story or introduces a new one, alters the way people think about the category and make use of it in daily life. There is no roadmap, no blueprint for this; a lot of people will give you a lot of advice, and most of it will be bad, and a lot of it will be good and sound but you'll have to figure out how it doesn't apply to you because you're coming from an unexpected angle,' she wrote in the post. Elon Musk is renowned for his roles in founding PayPal and leading innovative companies like Tesla and It Matters: Justine Musk's comments provide a rare glimpse into the mindset and challenges of those who have achieved billionaire status. Her unique perspective, shaped by her close relationship with one of the world's most successful entrepreneurs, offers valuable insights for those aspiring to similar levels of success. Her emphasis on the need for resilience and a willingness to face extreme challenges echoes the experiences of many successful entrepreneurs. This serves as a reminder that the path to significant wealth is often fraught with risk and requires more than just determination and hard work. Read Next: How do billionaires pay less in income tax than you? Tax deferring is their number one strategy. Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,000 you can invest at just $0.26/share! Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Elon Musk's Ex-Wife Spills The Truth About What It Really Takes To Be A Billionaire: 'There Is No Roadmap, No Blueprint For This' originally appeared on Sign in to access your portfolio
