As a finance professor, I thought I'd do some quick analytics on the serious earning power of
Elin Nordegren, the wife of Tiger Woods,
if the reports are true that she might walk away with a $750 million dollar settlement. Initially, I thought that such an amount would be impossible for Elin to obtain. But after talking to a major film producer who works with "Hollywood types" on a regular basis, I walked away with a different conclusion. According to the opinion of my friend, who shall remain anonymous, it turns out that Elin's lawyers likely have a tremendous amount of leverage over Tiger Woods. Should the divorce go to trial, they would "ask him about every girl he ever kissed, every woman he ever slept with, every time anyone put whipped cream on his butt and spanked him, and every sexually-perverted thing he's ever done. By the time that trial is over, Tiger's image would be ruined forever."
Well, alrighty then.
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Celebrities With Mixed Roots
America has long been a land divided by race. That the son of a black Kenyan father and a white Kansan mother can end up leading all Americans brings with it a symbolic racial unity that inspires many. However, President Barack Obama isn't the only public figure whose roots come from mixed soil. Many celebs are multiracial, though not all advertise it.
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Celebrities With Mixed Roots
America has long been a land divided by race. That the son of a black Kenyan father and a white Kansan mother can end up leading all Americans brings with it a symbolic racial unity that inspires many. However, President Barack Obama isn't the only public figure whose roots come from mixed soil. Many celebs are multiracial, though not all advertise it.
Celebrities With Mixed Roots
Barack Obama
Claim to Fame:The first president of the United States with African roots.
Heritage: Black Kenyan father, Caucasian mother
Identifies: African-American
Celebrities With Mixed Roots
Alicia Keys
Claim to Fame: Multi-platinum-selling international music artist
Heritage: Italian and Irish mother, African-American father
Identifies: African-American
Members' Take: Her move from songbird to Bond girl
Celebrities With Mixed Roots
Derek Jeter
Claim to Fame: New York Yankees All-Star shortstop
Heritage: Caucasian mother of Irish/German descent, African-American father
Identifies: African American
Latest off the Boards: Ladies Love This Yankee
Celebrities With Mixed Roots
Selma Hayek
Claim to Fame: The first Mexican national to be nominated for the Academy Award for Best Actress
Heritage: Lebanese father and Spanish mother
Identifies: Latina
Celebrities With Mixed Roots
Mariah Carey
Claim to Fame: Holds the record for most number-one singles for a solo artist in the U.S.
Heritage: Irish mother, Afro-Venezuelan father
Identifies: Has jokingly described herself as a bit of a "mutt."
Members React: Carey & Cannon stir up controversy
Celebrities With Mixed Roots
Halle Berry
Claim to Fame: The first African-American actress to win an Academy Award for Best Actress.
Heritage: Caucasian mother, African-American father
Identifies: African-American
Members React : It's Berry vs. the Paps
Celebrities With Mixed Roots
Ann Curry
Claim to Fame: NBC 'Today Show' news anchor
Heritage: Scottish father, Japanese mother
Identifies: Asian-American
Celebrities With Mixed Roots
Bob Marley
Claim to Fame: Reggae music icon
Heritage: White Jamaican Father, Black Jamaican
Identifies: Jamaican
Celebrities With Mixed Roots
Boris Kodjoe
Claim to Fame: Former actor on the series 'Soul Food' and husband to actress Nicole Ari Parker.
Heritage: His mother is German and his father is from Ghana, West Africa.
Identifies: African-American
Community Asks: More than just a pretty face?
Celebrities With Mixed Roots
With that said, let's start breaking down Elin Nordegren's riches. I would say that it's like she won the lottery, but lotto winners don't have it this good. Let's start from the beginning, shall we? If Elin Nordegren gets a $750 million settlement out of this divorce, she will have earned:
- Roughly $411,000 per day for the five years of her marriage. That's more than the average annual salary of an Invasive Cardiologist, who goes to college for four years, medical school for another four years, and then another six years of residency training. Perhaps they should become nannies instead.
- Nearly $2.9 million per week, meaning she could buy 20 new houses every week at the average price of a home in the Midwest.
- Almost $11.6 million per month, which is 15 times the average annual salary of players in the NFL.
- About $139 million per year, more than Tiger has ever earned in any year, including endorsements. It's also more than the 2009 payroll for the entire Los Angeles Lakers.
If she invests her money and earns an average annual return of 10 percent (not unreasonable for the wealthy of America), she will earn more than $1.4 million per week in interest alone, or almost $6 million per month. So, the $75 million she would earn in annual interest would be nearly triple the annual salary of the highest paid player in the NBA.
Remember when 50 Cent said, "Have a baby by me, baby, be a millionaire"? Reminds you of that song, doesn't it?
Dr. Boyce Watkins is the founder of the Your Black World Coalition and a Scholarship in Action Resident of the Institute for Black Public Policy. To have Dr. Boyce commentary delivered to your email, please click here.
Comments: (56)
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By: Doubter on 7/02/2010 10:34AM
You don't need a Phd to realize she probably WON'T get anywhere close to $750 million. I'll believe it when I see it. Right now it's merely speculation.
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By: Ben on 7/03/2010 10:37PM
Marriage was invented by the Catholic Church as a Trick to keep people in the church so that they could not only make money from them but also to guaranty a constant flow of it financially for the Church's income. They even went so far as declaring it a "Sin" if you don't get married and to this day Ignorant people still believe that lie even when their innocent Children are being Molested by those crooks. Logically speaking, God is a Spirit who is Everywhere and Anywhere with you in your Heart if you want it to be. No one has to be in a Church in order for the Holy Spirit of the Almighty to be with you. The so called Church is a man made building which can be destroyed by Hurricanes,Fire or Anything else. If marriage were so sacred, there would never be so many divorces in the Wold. True Love is priceless. but unfortunately that does not exist anymore. Marriage has become a very lucrative business in the name of love. Rich folks should never get married. But instead they should lease a woman as a wife for as long as they want. And if they happen to have Children, Mother and Father both must be bound to provide care for them Equally. Besides, a single man has more fun anyway. How would you like to have a Girl friend for everyday of the week or as many as you can handle? Tiger Woods is a very Naive man with his " Cablonagian" Theory. If Tiger doesn't Wise- up, they will steal all of his good fortune and like all other fools, he will die poor.
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By: sr on 7/03/2010 9:53AM
Hence why we need divorce reform. A "Gold Digger Amendment" in this country.
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By: DREAMCATCHER on 7/03/2010 10:26PM
I think that his lawyers should calculate his earnings from the time that they were married, til the time of the "distractive Disaster", split it down the middle, after Lawyers fees, and give her an extra 20Million for pain and suffering, as well as another i million dollars a year for child-support. All should be tax-deductable, because He has great losses. lol.
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By: loki on 7/04/2010 11:23PM
It's amazing that someone could ask another person for that kind of money and not be considered a crazy. Tiger definitely did not put himself in the best posssible position to be defended by anyone, however, if Elin is truly hurt, and I can't imagine that she can't be, getting out of the marriage should be her first move. But it's clear that as she makes a mad dash for the door, she's also trying to push an armored car full of cash cash out the door WITH her. In no way would I ever try to condone his behavior, but I don't feel that just because she is the mother of his children and has spent five years in a marriage to him that she is entitled to ANYWHERE near 750 Million dollars! It's also amazing to hear people trying to determine how to "divvy" up someone else's hard earned money. I guess prenuptual agreements aren't worth the paper that they are written on.
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By: Patty on 7/06/2010 5:11PM
I am glad Elin got paid. That is what his dumb azz gets for cheating. Elin take your money and your children and go back to Sweden and spent that money. LMAO
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