The Chicago Family Law Blog

Russell Crowe Divorce: Prenup Limits Wife to $25 Mill 'Pittance'

A pittance you say? Well, not exactly. Still, compared to many other Hollywood divorces, $25 million is chump change. Russell Crowe and Danielle Spencer met on the set of 1990’s The Crossing. They were married in 2003. Fortunately for Mr. Crowe, the couple agreed on a prenuptial agreement that protects the vast majority of his assets, reports the Sidney Morning Herald.

Reports as to the reason for the dissolution of the marriage vary. Some allege that Spencer was having an affair with her Australian Dancing With the Stars partner. The duo were seen spending extensive amounts of time with each other outside of the show and in June, an Australian tabloid published a snapshot of the two wrapped in each others’ arms, reports the Examiner. Others say that the Crowe-Spencer union had been in trouble for some time due to Crowe’s hectic schedule, and the two have lived in separate houses for the past year.

Fortunately, we lawyers don't really give a damn. The only reason the alleged affair might be relevant is if infidelity was addressed in the prenup. If not, it's irrelevant. So far, media accounts have not revealed such a provision.

What we do know is this: Crowe has earned over $150 million from his films, has a $50 million real estate portfolio, and has six films set for release in the near future. That's a lotta scrilla. Reports vary on Spencer's take of the assets, but the estimates range from $20-$25 million. She will also reportedly stay in the couple's $10 million mansion with the children. Cold world, right?

While that may sound like a ton of money (and yes, it really is), compare her take with two other celebrity divorces. Mel Gibson forked over $425 million to his ex-wife in 2011 and Rupert Murdoch's ex-wife received $1.7 billion, reports the Huffington Post.

Celebrities often seem larger than life. Their finances certainly are. However, the same principle applies those of us in the real world. While you may not have billions to fight over in a divorce, you very well could have thousands, or a house, or valuable family heirlooms. Premarital agreements save time, assets, and legal fees by setting the terms of the divorce ahead of time.

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