Recent news of a Jennifer Lopez Alex Rodriguez split has sparked intense speculation after The New York Post’s Page Six reported that the engaged power couple is no longer an item.
Shortly after the bombing, the duo released a joint (though vague) statement saying they were “working through some things.” ” There are still questions about the couple’s great wealth and businesses, and how it will be split, even though the A-listers are not formally married.
Lopez and Rodriguez have invested together in several projects over the course of their 4-year union, including the healthcare company Hims and Hers (HIMS), which recently became known on the New York Stock Exchange and reported the couple $ 79 million.
In addition, the couple has invested $ 11 million in the Super Coffee brand and owns two homes in both New York City and Miami. According to several reports, the property in Florida, located in the gated Star Island community, is worth about $ 33 million.
“Although the parties are not legally married, it is still a divorce – a business dispute,” Leslie Barbara, chair of the group on divorce and family law, explained to Davidoff Hutcher & Citron.
“The rules are slightly different, but a divorce of its own kind,” she told Yahoo Finance.
‘Shareholder agreement’ of a different kind
How would a “divorce” affect the star’s profitable finances? According to divorce lawyer and author Dror Bikel in New York, the couple will still be able to keep their investments in Hims and Hers and Super Coffee – even if they eventually divorce.
“The fact that they are a couple or not does not matter,” Bikel said.
However, if they decide to sell and unbundle their assets completely, they will be “subject to the same shareholder agreement that everyone else has”, which usually includes the initial investment plus any valuation.
Their real estate will be treated slightly differently, although the likelihood is that they entered into an operating agreement at the time of the sale. For the context, an industry agreement is a contract that sets out the ownership, rights and responsibilities of each party.
“It’s very common and both are financially smart, so that’s probably the case,” Bikel explained.
And since they are not married, it is very easy to split up their assets. “They have contracts and operating agreements that can go all in. There are no problems with children or fair distribution, no issues of child or marriage support. and as far as investments are concerned, nothing will be affected too much, ‘he suspected.
Davidoff Hutcher’s Barbara reiterated the thought, saying “the basic thing for any divorce is to identify, evaluate and divide assets”, she said.
The big question here is whether all of these shared entities survive? Barbara asked, adding that the couple had options if they wanted to split up, such as dissolving their entire assets or even buying out the other party.
‘Their names are worth a lot of money ‘
Both Lopez and Rodriguez are worth millions of dollars on their own, with Lopez’s net worth at $ 400 million, while Rodriguez’s about $ 350 million.
“There’s a high number in interest, which is worth it, the big money investments. They’ll need a lot of sophisticated lawyers to navigate through this,” Barbara said.
According to Bikel, “Their names are worth a lot of money, so if you’re dealing with a brand so big, you do not want to get it dirty. “If they try to sell a product, it makes it less attractive. If there is infidelity or abuse, it will be in their best interest not to raise it, as it will eventually be removed from both of their individual brands.”
Splitting celebrities, especially those with rumors of infidelity, usually gets bad. The lawyer suggested that a sloppy separation would not be in the interests of either party.
“Hopefully they will stay together and, if they do not, it is best that the separation is clean with not much hostility,” Bikel concluded.
Alexandra is a producer and entertainment correspondent at Yahoo Finance. Follow her on Twitter @ alliecanal8193
Read more: