No sooner had I posted my article on divorce than Kim Kardashian announced hers (I'll wait while we all collectively gasp in disbelief).
My article addressed the subject of managing the high cost of divorce, but Kardashian actually managed to go far beyond managing costs ---- she actually turned a profit! Granted the lawyers haven't done all their work yet, but I still think she comes out ahead financially.
Here's the math:
The wedding cost about $10 million, which I don't think included the cost of Kim's 20 carat ring ($2 million). Her earrings ($5 million), and her headpiece ($2.5 million) were apparently borrowed.
Kim and Kris apparently made $18 million on the wedding itself through various "media partnerships", like letting E! film and broadcast the event for $15 mil and selling the pictures to People magazine for $2.5 million.
So the costs were about $12 million (give or take) and the income was about $18 million.
That's like a 150% return in 72 days. Nice!
We don't know how much Kim paid her lawyers for writing the prenup, but that will save her money in the divorce process.
In any case, Kim proved me wrong; divorces are apparently not a financially devastating event after all. They are a profit source to leverage, if you're Kim Kardashian. All moral judgement aside, Kim gets an A+ in business!
The other headline today was that Frank McCourt has agreed to sell the Dodgers. As I mentioned, his divorce is costing about $19 million. Maybe he should start dating Kim Kardashian. Despite his vast experience relative to hers, she can probably teach him a thing or two about business.
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