Divorce is always hard, but it can be particularly messy in a ground of huge wealth, alpha personalities and hard-nosed lawyers who dont come cheap
The billionaire founder of Zynga, the San Francisco-based corporation that induces FarmVille, has observed himself in( very messy) DivorceVille.
Mark Pincus, an early investor in Facebook and Twitter who is worth $1.28 bn, segregated from his wife, Alison Gelb Pincus, the co-founder of home decoration business One Kings Lane. The couple married in 2008, a year after Mark founded Zynga, which developed into a$ 1bn corporation within four years. There was a prenup, but in filing for divorce Alison has asked the court to nullify such arrangements since Marks net worth surged during their marriage.
Divorces are always tough, but they can be particularly messy in Silicon Valley, a ground of huge wealth, alpha personalities, hard-nosed negotiators and tricky-to-value assets. Perhaps thats why Evan Spiegel, the 26 -year-old billionaire founder of Snapchat, has sought a draconian prenup in advance of his marriage to simulate Miranda Kerr. His more than$ 4bn fate, much of which is lock the door in Snap Inc stock, is safe if the enjoy bubble ever bursts.
People get to Silicon Valley and make a ton of money and then they dont want the wife or or husband they wedded before. Money changes, mentioned Michael Pascoe, an attorney at Silicon Valley Law Offices.
In the hollow, what counts as money is complicated. There are six-figure wages, equity in startups whose value may skyrocket or fizzle, and limited inventory units( RSUs) a popular form of compensation at tech corporations like Apple and Google, where an employee is promised inventory after certain conditions are achieved, for example working at the company for a particular quantity of day or launching a product.
According to California statute, anything you own before marriage counts as your separate property. However any asset acquired or income earned during marriage counts as community property and, in the event of a breakup, the law requires it to be divided equally between partners.
For this reason, savvy soon-to-weds take out pre-marital agreements outlining a clear divorce plan.