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Mariah Carey & Billionaire James Packer’s Prenup – $6 million for each year of marriage – and Yes! He agreed to a $50m breakup fee

BellaNaija.com

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gettyimages-531573538Mariah Carey and Australian billionaire James Packer recently broke off their engagement, but if the marriage was to go on and then to end, Mariah was going to end up an even richer woman!

TMZ reports that negotiations blew up because of demands from Mariah’s side of the table, but they eventually resolved them.

“Except for gifts between them for their engagement, wedding or on birthdays and anniversaries, no item of jewelry and/or personal adornment costing over $250,000 will be deemed a gift unless accompanied by, or promptly followed by, a writing specifically stating ‘This is my gift to you.'”

And there’s this … “James shall cause a credit card(s) to be issued for use by Mariah and staff … the amount of expenses … shall not exceed US $____ per calendar month.” The amount was blank.

The prenup continues … “James shall provide the use of one private aircraft, of his selection, for Mariah’s personal use, or that of her children and nannies only when James, in his sole discretion, determines it is appropriate to do so.”

The central reason why negotiations blew up … the provision that said “James will pay Mariah, and Mariah shall accept, $6 million dollars per year for each full year of marriage, up to a maximum of $30 million … adjusted pro-rata on a weekly basis [$151,385 per week].”

Our Mariah sources say she rejected the dollar amount and claims James agreed to a $50 million lump sum if the marriage failed.

Photo Credit: Brent N. Clarke/FilmMagic

33 Comments

  1. Me

    November 5, 2016 at 12:48 pm

    Break up fee….. ashewo oshi. Kai no more love in this world again. It is well.

    • Anon

      November 5, 2016 at 1:16 pm

      Ashewo? I can understand you calling her a con-man? But ashewo? *ps until recently, people never got married for love, it was usually arranged for family benefits. So stop misinforming the public and calling her such. Asif “many” of the naija and black American women that married for love have gotten much from it but cheating and reasons to watch war room

    • Me

      November 5, 2016 at 4:08 pm

      U’re an idiot. If you like go and write out the contract agreement you need for your next relationship/marriage. Marriage and dating should be based on LOVE. That is why relationships don’t work anymore.

      Any woman that is with a man just for his money is an ashewo.

    • CrazyStuff

      November 6, 2016 at 3:04 pm

      @Me. Please how many Nigerian women married for love? What’s his surname? Does he have a good job? What school did he go to? Who are his family? Are we going to live in Ikoyi at worst Lekki Phase 1? Just get me of the streets and make me a respectable woman. I don’t mind his cheating ways. Before you call Mariah all sorts of disgusting and judgemental names based on your own shallow thinking, pray tell what is the Nigerian narrative? I am sure many divorced Nigerian women would be grateful to have signed a prenup securing the future of their children and themselves rather than be trapped in the loveless marriages they’re in now. I remember a guy friend that married a fine chick complain months later that he thinks his wife married him for money. After he used money to chase her buying Chanel bags and flying her business class around the world, he then started complaining about her endless spending and showing off. Now for the first time in 5 years of marriage he claims to have finally stopped cheating on the poor girl, two kids down the line. Both are trapped in their marriage because they didn’t have a prenup. I’m sure after the endless cheating she wants out and he on the other hand knows full well money is everything to his wife.

    • Tob

      November 5, 2016 at 2:45 pm

      In America and by law, in the event of a divorce, Mariah would have been entitled to half the income James Packer earned during the course of her marriage. For a billionaire like James Packer, heaven knows how much the eventual price tag would have come too.
      Although, $3 million per year sounds like a huge price tag to the average Joe, this might be chump change to Mr. Packer and cheaper to him in the long run.
      While we sit in the safety net of the internet’s anonymity quick to judge Mariah Carey, her lifestyle, calling her a hoe or gold digger, please factor in the fact that America’s laws are different from Nigeria’s laws.
      This would have been Mariah’s third marriage, it is extremely important to ensure that not only her, but her kids would have been protected in the event that the situation did not work out. What this pre-nup did was take a future family court fight over communal property acquired during the marriage and bring it to the court of equities under contract law. If Mr. Packer makes more than $6 Million per year, he gets a saving. IF he doesn’t, then that is a risk he was comfortable bearing in order to keep more of the upside.
      Divorce is messy and nasty. Unfortunately, it happens more often in today’s society. The more people plan for it, when things are rosy, the better. that way, when things get bad, everyone knows what they get and there is hope of at least a cordial dissolution of the union.
      To those questioning her feminism based on the terms of the pre-nup, that couldn’t be farther from the truth. Having a pre-nup could not be a more deliberate act of feminism. The reality is divorce hurts women more than men. A pre-nup hedges against this risk, sets the woman’s rights out, so she doesn’t get screwed by the money hiding spouse.

    • Loki

      November 6, 2016 at 9:04 am

      @ Tob- You are so smart. Your writing is very calm and logical.

    • Tob

      November 5, 2016 at 4:22 pm

      In America and by law, in the event of a divorce, Mariah would have been entitled to half the income James Packer earned during the course of her marriage. For a billionaire like James Packer, heaven knows how much the eventual price tag would have come too.
      Although, $3 million per year sounds like a huge price tag to the average Joe, this might be chump change to Mr. Packer and cheaper to him in the long run.
      While we sit in the safety net of the internet’s anonymity quick to judge Mariah Carey, her lifestyle, calling her a hoe or gold digger, please factor in the fact that America’s laws are different from Nigeria’s laws.
      This would have been Mariah’s third marriage, it is extremely important to ensure that not only her, but her kids would have been protected in the event that the situation did not work out. What this pre-nup did was take a future family court fight over communal property acquired during the marriage and bring it to the court of equities under contract law. If Mr. Packer makes more than $6 Million per year, he gets a saving. IF he doesn’t, then that is a risk he was comfortable bearing in order to keep more of the upside.
      Divorce is messy and nasty. Unfortunately, it happens more often in today’s society. The more people plan for it, when things are rosy, the better. that way, when things get bad, everyone knows what they get and there is hope of at least a cordial dissolution of the union.
      To those questioning her feminism based on the terms of the pre-nup, that couldn’t be farther from the truth. Having a pre-nup could not be a more deliberate act of feminism. The reality is divorce hurts women more than men. A pre-nup hedges against this risk, sets the woman’s rights out, so she doesn’t get screwed by the money hiding spouse.

      BN STOP EATING MY COMMENT.

    • CrazyStuff

      November 6, 2016 at 3:14 pm

      How is Mariah an ashewo? Prior to Mariah Carey did anyone know who James Packer was? He used her for a publicity boost for his casino’s around the world. No celebrity endorsement or advertising campaign would get him the publicity Mariah just gave him for free just by being by his side. He needs to pay for using her to make him and his casinos a household name. Prior to dating Mariah his casino’s stock was downgraded and losing revenue for two years before he finally posted a weak profit earlier this year.
      Stop being so ignorant and gullible to the press and understand the full picture where real money is concerned.

  2. Obi

    November 5, 2016 at 1:02 pm

    Is she a feminist too? Lazy ass!

    • Dorofeminist

      November 5, 2016 at 1:20 pm

      What does feminist have to do with this? When feminists talk, we’re insulted and no one listens to us. But when ANYTHING happens, you guys are quick to call on us and use it to taunt us. Abeg abeg broke men should stop crying on BN and use the time to invest in their lives. When Mariah was sponsoring Nick cannon’s ass did you ask about feminists? When feminists talk about equal pay and 50/50 you people don’t listen because you don’t want the 50 of the housework. It’s a lie o! Make that money and give your non feminist wives to spend it and use to extort you in the courts! As a man, you have ONE job

  3. Wow

    November 5, 2016 at 1:14 pm

    This sounds like a business arrangement to me. Where is the love?

    • not so

      November 5, 2016 at 1:29 pm

      What’s love got to do with it. She is a smart woman, securing her children’s future. If people like, let them not buy her music, she still gets paid.

    • Wow

      November 5, 2016 at 3:16 pm

      Don’t confuse greed and selfishness for smartness. Again I ask where is the love?

    • Idomagirl

      November 5, 2016 at 11:26 pm

      Who love epp?

    • Loki

      November 6, 2016 at 9:14 am

      @ Wow- actually, Anon at 1:16 pm is quite right. Marriage for love is quite a young concept. Less than 100 years old actually. In many parts of the world , it still isn’t the basis for marriage.
      Take Nigeria for example- we claim we marry for love, but in reality and as I once said to a friend, men marry the woman who can make jollof rice and keep their homes clean and women marry the man who can open shop for their mother. That nobody writes an agreement ensuring this jollof rice and shop, doesn’t mean that people aren’t still very machiavellian when it comes to choosing spouses.
      Take a look at the marriages you see today, and tell me how much love exists. It’s so bad that marriage rates round the world are dropping. Everyone is scared. Those who are able to, draw up contracts that protect THEMSELVES. Love? I’m not sure the world knows what that means anymore.

  4. Flexe

    November 5, 2016 at 1:34 pm

    Money is talking. Are you guys seeing the amounts? It’s like the money is flowing, river with no end. Blank cheque every month? C’mon, c’mon!
    Lol
    No side eye or comments but I’m getting myself a billionaire boyfriend.

  5. Mahka

    November 5, 2016 at 1:55 pm

    Wonder what Nick signed back then, dude must been stripped of his pennies.
    Other billionaires should read n learn before they latch onto her fame. Lady simply doesn’t want love, it’s all business.

    • Anon

      November 5, 2016 at 2:13 pm

      She was the breadwinner in her and nick cannon’s relationship. She’s not doing again ???

  6. Tosin

    November 5, 2016 at 2:03 pm

    🙂

  7. EC

    November 5, 2016 at 2:11 pm

    When you don’t have millions to burn you cannot understand lol

  8. Ada

    November 5, 2016 at 2:12 pm

    Now I understand why James walked away. He would have gone broke if he had married her.

  9. Tob

    November 5, 2016 at 2:44 pm

    In America and by law, in the event of a divorce, Mariah would have been entitled to half the income James Packer earned during the course of her marriage. For a billionaire like James Packer, heaven knows how much the eventual price tag would have come too.
    Although, $3 million per year sounds like a huge price tag to the average Joe, this might be chump change to Mr. Packer and cheaper to him in the long run.
    While we sit in the safety net of the internet’s anonymity quick to judge Mariah Carey, her lifestyle, calling her a hoe or gold digger, please factor in the fact that America’s laws are different from Nigeria’s laws.
    This would have been Mariah’s third marriage, it is extremely important to ensure that not only her, but her kids would have been protected in the event that the situation did not work out. What this pre-nup did was take a future family court fight over communal property acquired during the marriage and bring it to the court of equities under contract law. If Mr. Packer makes more than $6 Million per year, he gets a saving. IF he doesn’t, then that is a risk he was comfortable bearing in order to keep more of the upside.
    Divorce is messy and nasty. Unfortunately, it happens more often in today’s society. The more people plan for it, when things are rosy, the better. that way, when things get bad, everyone knows what they get and there is hope of at least a cordial dissolution of the union.
    To those questioning her feminism based on the terms of the pre-nup, that couldn’t be farther from the truth. Having a pre-nup could not be a more deliberate act of feminism. The reality is divorce hurts women more than men. A pre-nup hedges against this risk, sets the woman’s rights out, so she doesn’t get screwed by the money hiding spouse.

  10. EE

    November 5, 2016 at 3:17 pm

    All that money just to downgrade from Miranda Kerr. Bruh……….

    And for the people calling Mariah the breadwinner in hers and Nick’s relationship, my guy (per Google) has an estimated net worth of 275m. He got paid $70k(N11,550,000 when the naira was “strong”) per episode for America’s Got Talent.

    She doesn’t need to secure her children’s future, Nick and her very successful music career assured that already. She was simply a kept woman in this relationship, dude paid, now he’s stopped paying. Nothing to see really.

    If this happened on Allen Avenue, wonder if it would be termed “assuring her kid’s future”.

    • Ene

      November 5, 2016 at 8:28 pm

      Nick Cannon 275 million dollars or naira. Who dash monkey banana?

    • Idomagirl

      November 5, 2016 at 11:29 pm

      As in! ?

  11. PAUL ADEYEMO

    November 5, 2016 at 3:52 pm

    oloriburuku okunrin. Does Mariah Carey has Diamond been plucked in her Vagina. Anyway, thats their problem, if Maria can be collecting money like this, why are people condemning Mary J Blige husband, i though feminist motto of “what is good for the goose is good for the gander” should be applicable in all similar situations

  12. Zee

    November 5, 2016 at 4:38 pm

    And some nigerian girls wil do snake n monkey shadow in bed plus wifely duties for fuck boys n do it for 10yrs without gratuity or pension???mariah has her own money but she’s not playing love for free…..Go girl

    • Idomagirl

      November 5, 2016 at 11:30 pm

      That’s why it’s paining them…

  13. Vidavi

    November 5, 2016 at 10:59 pm

    Mariah takes the crown, she’s the ultimate runs girl..chai

  14. Marlvina

    November 5, 2016 at 11:32 pm

    I doubt she ever envisioned marriage with this guy. She probably was waiting for this part of the deals….Fast money maker!

  15. AceOfSpades

    November 6, 2016 at 7:45 am

    Since there is no more love, I guess this is just right! You people talking about Mariah sponsoring Nick Abeg stop it. Nick is a millionaire on his own even if the millions is not much but he is a millionaire. It’s not like MC has a private jet that he uses but he doesn’t maintain.

    I think this prenup should be everywhere so that one girl won’t wake up one day and get angry that you hugged a girl two days before your wedding and just ask for divorce and half your property. Men are bullied to be make money or be a nonentity in the society, if you are not successful, you get all kind of insults. Its almost like the shame women face for not being married at 30. Now I get all this money and one woman who might eventually marry another billionaire takes half of my worth?? No fam, NO! Goan work for your own!

  16. Loki

    November 6, 2016 at 9:33 am

    Oh yes, and people should please stop bringing up Nick Cannon. It’s disrespectful. Unless you were in their marriage and you saw their prenup, you cannot say for certain what went on there.
    That he made less money than her does not automatically mean she was feeding him. I have personally seen cases where men who earn less than their women end up spending their entire income on these women, just to keep them happy.
    It’s talk like this that makes men wary of marrying women who earn more than them and praying that their wives don’t become more successful than they. It is the same women folk that will call them useless oloshis without even knowing the details. The world is just full of messed up people.

  17. Obi

    November 7, 2016 at 3:02 pm

    lol Ashewo sef na work.

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