Home » Celebrity Divorce, Child Custody, Child Support » Shaq and Wife Reach a Divorce Settlement – Finally!
March 11, 2010
National Basketball Association star Shaquille...

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After four children and almost five years of marriage, the legendary Shaquille O’Neal filed for divorce from his wife Shaunie back in September.

O’Neal also said in his petition that Shaunie had been “secretive about her assets … particularly with respect to certain properties owned or titled in either [her] name alone or in other entities.” He requested that the court require his soon-to-be ex-wife to give a “correct accounting of all money, funds, stocks, bonds, and other securities (including bearer securities)” obtained during the marriage.

As part of the divorce, O’Neal, who makes approximately $1.8 million a month (yes, a month!), released his private financial records to the Palm Beach Post in January. He makes a ton of money, yes, but also spent a lot of it on expenses. The breakdown is as follows:

$156,116 on mortgages (for three properties)

$110,505 on trips and vacations

$31,299 on homeowners insurance

$26,500 on childcare

$24,300 on gas

$17,220 on clothing

$14,905 on electricity, phone bills and cable

$12,775 on food

…and the list continues.

This week, the two have finally reached a divorce settlement outlining all terms of the divorce including child custody and property division. Under their agreement, Florida courts will now have jurisdiction to officially divorce the couple and a judge will handle any issues that come about involving their spousal support and property division.

California courts, however, will have jurisdiction to handle any issues involving custody of their children.

All in all, Shaunie’s a very lucky lady and will most likely be walking away with about half of O’Neal’s overall worth.

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