This happened after Lionel Richie and his ex-wife Diane Alexander divorced in 2004, and it’s so incredible that we just had to revisit this again, because a lot of people probably don’t know. It’s hard to believe that Lionel has to pay anyone so many millions, especially since he was married and divorced before and that cost him a fortune. How could he possibly make that same mistake twice? Not really sure, but it seems like he did it again, unfortunately. Who knows how and why? But one thing’s for sure: He believes in love and I guess we can’t fault the brotha for that.
So how much money does Lionel have to dish out every month and for what? Turn the page and get a load of this…
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” It cheaper to keep her. ” – Johnny Taylor.
” It cheaper to keep her. ” – Johnny Taylor.
Silky hair is expensive. Right brotha?
Silky hair is expensive. Right brotha?
cut the guy some slack….he made and is paying for his mistakes. .no need to rub it in.
cut the guy some slack….he made and is paying for his mistakes. .no need to rub it in.
that’s what he gets he shouldn’t have cheated on Brenda!
that’s what he gets he shouldn’t have cheated on Brenda!
This is why athletes and entertainers need to form “personal service corporations”. The athlete or entertainer forms a corporation,and sighs a contract with the corporation for a small amount of money paid weekly. Then the corporation negotiates on his (or her) behalf,and all monies are paid to the corporation,NOT the athlete or entertainer. The Athlete or entertainer then issues “no -par -value stock” that he or she holds. This type of stock holds NO VALUE in relationship to the value of the corporation,and generally has no voting rights..EVERYTHING that the athlete/entertainer purchases goes in the corporate name,including homes and cars. The spouse has no rights to the corporation,only the worthless stock the athlete/entertainer holds.If the spouse decides to divorce,they leave only with what they brought.Child support can only be based on the athlete/entertainer’s actual income,not the money the corporation brings in.Problem solved.
This is why athletes and entertainers need to form “personal service corporations”. The athlete or entertainer forms a corporation,and sighs a contract with the corporation for a small amount of money paid weekly. Then the corporation negotiates on his (or her) behalf,and all monies are paid to the corporation,NOT the athlete or entertainer. The Athlete or entertainer then issues “no -par -value stock” that he or she holds. This type of stock holds NO VALUE in relationship to the value of the corporation,and generally has no voting rights..EVERYTHING that the athlete/entertainer purchases goes in the corporate name,including homes and cars. The spouse has no rights to the corporation,only the worthless stock the athlete/entertainer holds.If the spouse decides to divorce,they leave only with what they brought.Child support can only be based on the athlete/entertainer’s actual income,not the money the corporation brings in.Problem solved.