According to Forbes, he is worth a cool $5.2 billion while CNN money notes that she hasn’t done that bad, with a stellar accumulation of $670 million. Yet neither has a track record that suggests success in the marriage department, with four failed marriages between them averaging at just under 5 years duration.
In fact, the longest of all 4 unions, Ms Carey’s marriage to Nick Cannon, only just got past the seven year itch. Mr Cannon describes himself rather modestly on his website as a film star, comedian, TV and radio host, musician, writer, director, executive producer and philanthropist. Clearly, ‘dedicated spouse’ just couldn’t fit on his business card.
But times are a changing my friends and love is once again in the air! Cupid’s arrow has managed to prick through the toughened skins of these multiple divorce offenders, and marriage is now on the near horizon.
Image via Getty.
Mariah says she doesn't want a prenup.
Now don't get me wrong I truly ruly want this one to work out for them, but with an obligatory ode to caution, I think Mariah that you need to put your 'vision of love' aside because 'one sweet day' you may be regretting not having that financial agreement (or prenup) with Mr Packer.
There are changes afoot to the current laws.
The Family Law Amendment Bill which has already had its second reading in the Senate aims to fix the old adage, that financial agreements aren't worth the paper they're printed on. This bill is indeed very close to being passed into law and will catapult the integrity of a prenup (or any other financial agreement made during marriage or separation), by ensuring that participants to a financial agreement take their responsibilities under the Family Law Act more seriously.
It will also mean that lawyers don't have to suffer and deal with advice given to prospective newlyweds later being forensically examined and questioned in the courts when things go south. Challenging agreements will be a much harder ball game.
So what are these changes and how do they affect couples and their lawyers?
Measures in this Bill will resolve uncertainties around requirements for entering into, interpreting and enforcing agreements. The new provisions will introduce a very clear statement of principles to outline the binding nature of financial agreements.