May 21, 2021

Divorce is a Great Way to Get Rich Quick

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Back in April 2019, the greatest stock trade in the history of the world was completed: MacKenzie Scott bought Amazon stock in 1993 – an entire year before the company was founded and sold in 2019, twenty-six years later for a staggering $35 billion in profit. But instead of buying and selling Amazon stock – it was through marrying Jeff Bezos (without a prenup) – and divorcing Jeff Bezos.

Then thereโ€™s poor olโ€™ Elon – who didnโ€™t go through just one pricey divorce – but three! The first was with Justine Musk. Elon had to pay at least $4 million dollars in legal and accounting fees, which comes out to $170,000 per month.

Then came his second marriage with actress Talulah Riley. They divorced in 2012, leaving Riley with $4.2 million dollars. Then they made up, got married again and then divorced again a year later, leaving Riley with a much more respectable $16 million.

Which brings us to Bill and Melinda Gates. Bill married Melinda on a Hawaiian Island around the same time as Bezos in 1994. Twenty-seven years later in 2021, they file for divorce and are still working out how much of the $130 billion dollar empire Melinda is gonna get. Bill has already given her $2.4 billion dollars worth of shares.

Before you go calling all women gold diggers, unless youโ€™re divorcing the ultra wealthy, usually neither the groom nor the bride comes out on top. Usually, in America, the real gold diggers that profit off of a divorce – are the divorce lawyers, the judges, the family courts.

Well, what most people donโ€™t realize is that in America, marriage is not just a vow of love, but a financial contract.

You hire a divorce lawyer to protect yourself against your spouse taking your stuff. You pay maybe $600/hr, $700/hr, and maybe even more insane numbers. Why do people pay such high rates? Bc theyโ€™re desperate!

As a lawyer, youโ€™re paid hourly, therefore, itโ€™s in your best interest to keep the fighting going bc if your clientโ€™s divorce is settled, you lose your income stream.

The lawyers arenโ€™t alone in this industry though, the other major players are the judges. And with great power – comes great opportunities to be bribed.

So if you do get married, maybe donโ€™t follow in the steps of Jeff Bezos and Elon Musk and get a prenup.

No Spirit – Careless

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