New Orleans Rapper Master P Going Through High Net Worth Divorce
Trying to decide how to divide up assets is usually one of the biggest obstacles of going through a divorce. For New Orleans rapper Master P, whose real name is Percy Miller, going through a divorce means having to deal with a very complex property division process. His estranged wife, who is currently living with their son, is demanding a divorce settlement that would take nearly 40 percent of the rapper’s empire.
She is asking for everything from her $28,000 wedding dress to $54 million from his businesses, which includes No Limit Records. On top of that, she wants one of his 13 vehicles, eight of his 31 properties, one of their three chandeliers and $10 million from his energy drinks. The vehicle she has chosen to petition the court for is a Cadillac Escalade. The chandelier’s value is approximately $300,000. When it is all said and done, she is asking for a total of $67,647,800 in the divorce.
The couple’s son doesn’t think that she deserves 40 percent of his father’s empire. He says he loves his mother but that she needs to focus on motherhood and be a better parent. That might have something to do with the allegations made by Master P that the woman was smoking marijuana in front of their children.
This high net worth divorce highlights the need for prenuptial or postnuptial agreements for people who have considerable assets. It also shows how complex property division can be during a divorce. Those who are going through a divorce should make sure they understand their rights to ensure they get a settlement that is in their best interest.
Source: EurWeb.com, “Master P’s Estranged Wife Wants $67 Million; Romeo Says be a Better Mother” – Deron Dalton, Apr. 27, 2014