Los Angeles County Divorce finalized for Paypal founder, Elon Musk

The Los Angeles County divorce judgment for Paypal founder, Elon Musk and his ex-wife, Talulah Riley has been finalized. The parties were married for less than 1 year. They do not have any minor children together.

According to the Judgment, Riley will be receiving a $4.2 million settlement. Musk is worth about $680 million.

The $4.2 million will be disbursed to Riley over a 9-year span. Riley received $500,000 up front and an additional $900,000 after the judgement documentswere signed.

Additionally, Talulah will receive $700,000 on the 1-year anniversary of the signing of the judgement, followed by a $280,000 annual payment for years 2 through 8. During the ninth anniversary, Talulah will receive a final payment of $140,000.

From an Orange County divorce lawyer’s perspective, I’m assuming these two had a prenuptial agreement in place to disburse their assets accordingly. If you own substantial separate property assets, its a good idea to enter into a prenuptial agreement prior to marriage. That way, in the event of an unfortunate divorce, the disposition of your assets have already been predetermined.

An Orange County divorce lawyer can assist you in any spousal support, child support, child custody, visitation or property division issue you may have.

Source: PayPayl Founder Elon Musk My Wife gets jack squat in the divorce