U.S. markets closed

  • S&P 500

    4,002.87
    +51.30 (+1.30%)
     

  • Dow 30

    32,560.60
    +316.02 (+0.98%)
     

  • Nasdaq

    11,860.11
    +184.57 (+1.58%)
     

  • Russell 2000

    1,777.74
    +32.75 (+1.88%)
     

  • Crude Oil

    69.50
    +1.86 (+2.75%)
     

  • Gold

    1,943.60
    -39.20 (-1.98%)
     

  • Silver

    22.52
    -0.13 (-0.56%)
     

  • EUR/USD

    1.0772
    +0.0046 (+0.43%)
     

  • 10-Yr Bond

    3.6060
    +0.1250 (+3.59%)
     

  • GBP/USD

    1.2217
    -0.0056 (-0.46%)
     

  • USD/JPY

    132.4490
    +1.1540 (+0.88%)
     

  • Bitcoin USD

    28,090.40
    +31.42 (+0.11%)
     

  • CMC Crypto 200

    614.24
    +9.19 (+1.52%)
     

  • FTSE 100

    7,536.22
    +132.37 (+1.79%)
     

  • Nikkei 225

    26,945.67
    -388.12 (-1.42%)
     

What J. Lo and A-Rod Breaking Up Would Mean for Their Finances

Joe Cortez
·4 min read
lev radin / Shutterstock.com
lev radin / Shutterstock.com

While love may not cost a thing, hitting a home run in business comes with a significant cost. If the rumors are true, Jennifer Lopez and Alex Rodriguez could be considering a break-up after a two-year engagement. Should that happen, the two celebrity business moguls will have to figure out how to split numerous investments, including real estate and business ventures.

See: How Much Is Jennifer Lopez Worth?
Find: Who’s Richer — These Sports Stars or Their Significant Others?

After sources “close to the couple” announced they were going their separate ways, their joint spokesperson said they remain engaged and are “working through some things,” CNN reported. But if they decide that their issues are irreconcilable, the two would have to sort out a combined net worth of $750 million.

Jennifer and Alex from a Business Perspective

Best known for her recording and acting career, Jennifer Lopez broke out as the title star of the biopic “Selena” in 1995, Billboard reported. Four years later, her debut album, “On the 6,” was released. It became an instant hit, with MTV reporting the album sold over 400,000 copies its first four weeks, according to Billboard. Her self-made success led to a number of opportunities, including having a credited role in over 100 films and television productions, headlining Super Bowl halftime shows and judging on “American Idol.” Today, the 51-year-old megastar is worth an estimated $400 million, according to Celebrity Net Worth.

While “Jenny from the Block” made her name from recordings, Alex Rodriguez made his fortune on the baseball diamond. He set Major League Baseball records when he signed a $252 million contract with the Texas Rangers in 2000, followed by a $275 million deal with the New York Yankees seven years later, according to Celebrity Net Worth. Despite serving a one-year suspension in 2014 for violating the performance enhancing drugs policy, Rodriguez ended his 23-year career as a 14-time all-star and holds records for being the Hispanic home run king, the youngest player ever to hit 500 home runs and the most stolen bases in a 50-home run season. Rodriguez is worth $350 million, according to Celebrity Net Worth.

See: 25 Highest-Earning Benchwarmers of the Last Decade
Find: Oprah and 24 More Celebrities With Secret Business Empires

Although they have been successful in their respective fields, Lopez and Rodriguez have both made smart investments that have built up their collective business empire. On July 20, 2020, the celebrity couple announced they would not only invest in telehealth company Hims & Hers, but they would also become brand ambassadors for the company’s line of products, People reported. Their leadership would guide the company into merging with Oaktree Capital Management, which will ultimately allow the new entity to go public on the New York Stock Exchange, according to a press release the companies issued last October.

Health access isn’t their only joint investment opportunity. In September 2020, Lopez and Rodriguez also put their money behind Super Coffee, a brand founded by three brothers who made the Forbes 2019 30 Under 30 list, Forbes reported. The company is currently valued at $240 million.

See: 5 New Celebrity Products We Can’t Wait to Try in 2021
Find: Steph Curry and 25 Athletes With Major Business Empires Outside of Sports

Splitting Up Jennifer and Alex’s Property

Alongside their business ventures, Lopez and Rodriguez have added to their portfolios with smart property investments. Together, they own two properties: a $32.5 million mansion on Miami’s exclusive Star Island and a $28 million estate in Los Angeles’ Bel Air neighborhood, according to Celebrity Net Worth. The pair also flipped a beach house in Malibu, Calif. in 2020.

Should they break up, homes won’t be the only property they may have to divide. In January, Rodriguez announced a plan to partner with CGI Merchant Group to invest in the hospitality sector in partnership with Hilton. Rodriguez and CGI Merchant Group will develop and purchase hotels across North America and the Caribbean to be housed within the Hilton portfolio of brands, according to a statement released by CGI.

See: What a $5 Million Home Looks Like Around the US
Find: 65 Splurges of the Filthy Rich

Where do J. Lo and A-Rod Go from Here?

Until Lopez and Rodriguez determine their future together, their long list of monetary entanglements remain in limbo. Sources in the middle of the situation told People that attorneys are lining up on both sides to potentially unwind their businesses. If they stay together, their empire could continue to grow at a steady pace — but if they split up, the divide could have fiscal ramifications for both superstars.

More from GOBankingRates

This article originally appeared on GOBankingRates.com: What J. Lo and A-Rod Breaking Up Would Mean for Their Finances

Recommended Stories

  • 'Invite me to your funeral': Jim Cramer makes a bold call on the Nasdaq — and even billionaire Elon Musk had to respond. Here are 3 ways to bet on that conviction

    Mad Money or a mad call?

  • Nike Tops Earnings and Revenue Expectations. The Stock Jumps.

    Nike beat third-quarter earnings expectations , sending the stock higher in after-hours trading. Despite the strong quarter, the company’s margins continued to take a hit. “We have made tremendous progress on inventory as we position Nike for sustainable and more profitable growth,” said Matthew Friend, Nike’s chief financial officer.

  • Delta Move Is Bad News For Southwest, United Airlines Passengers

    Airfare prices move up and down based on two major things -- passenger demand and the cost of actually flying the plane. Domestic air travel traffic for 2022 rose 10.9% compared to the prior year. The nation's air traffic in 2022 was at 79.6% of the full-year 2019 level.

  • Stocks Could Be Headed for Another Tumble. It Won’t Look Like the Last One.

    The stock market could easily take another hit soon. The stock market has recovered from the depths of its bear market, defined as a 20% or greater drop from a previous high, which it hit in early 2022. To be sure, banks and bank-held assets have been getting bought up since the Silicon Valley Bank failure, adding liquidity—and stabilization—to the banking system.

  • Credit Suisse Collapse Burns Saudi Investors

    Saudi Crown Prince Mohammed bin Salman last year directed government-backed Saudi National Bank to make a $1.5 billion investment in Credit Suisse that his financial advisers harbored doubts about.

  • Elon Musk Has a Bold Idea to End the Banking Crisis

    The crisis of confidence in banks will soon enter its third quarter. This crisis of defiance, the most serious since the Great Financial Crisis of 2008 caused by subprime mortgages, gives no signs that it will calm down anytime soon. There's Silicon Valley Bank, the bank that started it all.

  • Apple Stock Gears Up for Major Breakout

    Apple stock is trying for a massive breakout, which could -- could -- trigger a yet larger rally. Here's the level to watch now.

  • JPMorgan is the unlucky owner of the fake nickel uncovered by the London Metal Exchange—really just bags of rocks

    It's the second scandal involving fake nickel in as many months.

  • JPMorgan Says Buy These 2 High-Yield Dividend Stocks — Including One With a 9% Yield

    Bank runs and extreme market volatility – are the shades of 1929 upon us? Probably not, the current situation, while dangerous, is unlikely to trigger an economy-wide depression. The real test, at least according to David Kelly, JPMorgan’s chief global strategist for asset management, will come on Wednesday, at the Federal Reserve’s next interest rate policy meeting. The central bank will have to determine which risk is more urgent, persistent high inflation or a bank crisis, and adjust its rece

  • After Signature Bank Deal, FDIC Is Left With $11 Billion in ‘Toxic Waste’ Loans

    (Bloomberg) -- Signature Bank’s partial takeover by a competitor is notable for what it doesn’t include: $11 billion of loans against a class of New York City apartments whose values have tumbled in recent years.Most Read from BloombergUS Studies Ways to Insure All Bank Deposits If Crisis GrowsJPMorgan Owned the LME ‘Nickel’ That Was Actually Bags of StonesUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisJPMorgan Sees Increasing Chances of ‘Minsky Moment’Vanguard Said to Shutter Busine

  • Is My Spouse Entitled to My Pension in a Divorce?

    A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a divorce as you're going through one. So if you're … Continue reading → The post Is My Spouse Entitled to My Pension in a Divorce? appeared first on SmartAsset Blog.

  • UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT

    UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse's investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.

  • Credit Suisse's $17B Of AT1 Debt Written Down To Zero, Richard Branson's Virgin Orbit Plans Insolvency, Court Freezes Volkswagen's Russian Assets: Today's Top Stories

    Reuters Credit Suisse Bondholders Enraged As $17B Of AT1 Debt To Be Written Down To Zero: What It Means Credit Suisse Group AG (NYSE: CS) said 16 billion Swiss francs ($17.24 billion) of its additional tier 1 (AT1) debt, a type of bond, will be written down to zero on the orders of the Swiss regulator FINMA as part of its rescue merger with UBS Group AG (NYSE: UBS). The decision by the Swiss regulator would mean AT1 bondholders may be left with nothing while shareholders, who sit below bonds in

  • Tesla scores blue chip status after Moody's debt upgrade

    It’s a huge milestone for Tesla as the EV-maker enters the blue-chip investment world. Moody’s Investor Research upgraded Tesla’s credit rating to Baa3, which is the first rung on its investment grade ladder for corporate debt, with outlook changed to stable. Previously Moody’s classified Tesla as Ba1, which is the agency’s top rating for high yield corporate, or junk, debt.

  • Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This

    Approximately 80% of all Americans aged 60 and older are homeowners, and housing wealth accounts for about 48% of the median wealth of that group. As retirees near large cities, and strong housing markets, start retiring, they realize they can … Continue reading → The post Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This appeared first on SmartAsset Blog.

  • Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Innovative Industrial Properties (IIPR) closed at $79.18, marking a -1.35% move from the previous day.

  • Federal Reserve Meeting: Rate Hike Likely, But U-Turn Is Near; S&P 500 Gains

    The Federal Reserve will likely hike its key interest rate, but this might be the last, amid tighter bank credit. The S&P 500 rose.

  • Costco Shares Interesting Membership News

    The warehouse club shared some insight that might be useful for members and people who are considering joining the warehouse club.

  • Finance YouTubers who promoted FTX have now been handed a $1billion lawsuit

    The suit follows similar action against celebrity endorsers of FTX like Tom Brady and Madonna.

  • Is Silver the Next Gamestop? How Retail Investors Challenged Wall Street Giants Again

    In the wake of unprecedented short squeezes involving stocks like GameStop and AMC in early 2021, a group of retail investors from the Reddit forum r/WallStreetBets (and the spinoff called r/WallStreetSilver) set their sights on the silver market, attempting to challenge Wall Street giants with a so-called "silver short squeeze." The silver short squeeze movement was sparked on the r/WallStreetBets forum, where users urged each other to buy silver and silver-related assets to drive up prices and