Could You Survive on $186,000 per Day?

[packrat44]

Murdoch is getting divorced again. His first divorce cost him $1.7B in 1999. At his present net worth of $9.4B, this divorce will also be costly. If he pays the same as in 1999, and she were to follow a 4% SWR, that would an income to $68M/year, or $186,000/day. Okay, there will be some expenses that will trim the figure a bit. Just 1 week of support would trash by retirement savings.

 

[timo2]

Since everyone knows nothing is free, and I imagine his spouse Wendi feels like she earned every penny. Just saying

 

[clifp]

Hot damn Wendi Murdoch will soon be single and even richer. Any woman that keeps me from being hit in the face with a pie is a keeper.

 

[Chuckanut]

As long as I can get near the speed of light, I would be happy with that amount.

 

[JoeWras]

A few suggestions:
- she needs to run the numbers through firecalc
- has she considered paying for health insurance?

 

[Powor]

I think most people survive on that in a decade. Really seems sick at the wealth distribution there. I mean, what are you buying that cost you that much money in a day? You could buy a home a day for that, really..and insure and provide it with all the necessities and luxuries...

 

[haha]

I think most people survive on that in a decade. Really seems sick at the wealth distribution there. I mean, what are you buying that cost you that much money in a day? You could buy a home a day for that, really..and insure and provide it with all the necessities and luxuries...

Spoilsport.

 

[ERD50]

A few suggestions:
- she needs to run the numbers through firecalc
- has she considered paying for health insurance?

Is the mortgage paid off?

Any pensions? Are they COLA'd?

Is she eligible for SS?

Don't forget to account for taxes.

Will FIRECALC accept that many digits?

... $186,000/day ...

But that's before taxes. At less than $100,000 per day, minus 'essentials', it could take over 100 days to save up the cash for the $10 million dollar villa that these types are accustomed to. So much for 'instant gratification'!

-ERD50

 

[daylatedollarshort]

A few suggestions:
- she needs to run the numbers through firecalc
- has she considered paying for health insurance?

Are they in Australia? Don't they have universal health care? I think she's good to go.

 

[Walt34]

Not sure I could spend that much. But I'd sure like to try....

 

[Tyro]

Could You Survive on $186,000 per Day?

Dang, it'd be tight, but if I cut down on a few things.... I might be able to squeak by...

Murdoch is getting divorced again. His first divorce cost him $1.7B in 1999. At his present net worth of $9.4B, this divorce will also be costly.

Maybe yes -- maybe no.

Officially, Deng is entitled to whatever she agreed to in the prenuptial agreement signed in 1999....

"If he doesn't have a prenup, he would have to see a psychiatrist and not a lawyer," Raoul Felder, a divorce lawyer
Rupert Murdoch divorce: money to Wendi Deng hangs on prenuptial | Media | guardian.co.uk

Couldn't find any particulars -- the document is confidential. According to the article, Rupert was likely very generous; she won't be destitute, but she won't get 1/2 either.

Tyro

 

[travelover]

Yea, but look at all she will be giving up.......Uh....never mind.

 

[veremchuka]

There's another billionaire whose name i forget that makes Murduch's settlement look like a bargain! They were discussing this one on CNBC yesterday.

 

[RockyMtn]

After paying the last bill of $1.8b he was smart enough to get a prenup this time.

 

[RockyMtn]

There's another billionaire whose name i forget that makes Murduch's settlement look like a bargain! They were discussing this one on CNBC yesterday.

John Kluge?

 

[veremchuka]

Don't know, I wouldn't recognize the name even if I saw it.

 

[ls99]

He would have been beter off hiring a concubine. Fixed price. Yearly contracts?

 

[UserRequested]

the first 2 times he divorced, he remarried within a year. Wedding no 4 could be on the cards soon

 

[packrat44]

He would have been beter off hiring a concubine. Fixed price. Yearly contracts?

He should have been like Charlie Sheen and hired an "escort" at $5-10K/day rather than getting married again. Then he could claimed he was a LBYM type of guy.