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Eliot Spitzer’s cheating cost him more than $7.5 million in divorce settlement

Eliot Spitzer will pay wife over $7.5 million in divorce settlement.
Eliot Spitzer will pay wife over $7.5 million in divorce settlement.
Photo by Andrew Burton

Eliot Spitzer’s very expensive call girl hobby leads to a more than $7.5 million divorce settlement with wife Silda. Spitzer was caught in March 2008 and his wife didn’t immediately file for divorce opting to stand by her man. In 2013, the couple worked out and agreed to the terms of a post-nuptial agreement that was utilized during their divorce settlement three months ago.

The post-nup agreement was filed in the divorce settlement in February 2014 with Spitzer promising to pay Silda’s “living expenses at a level sufficient to maintain her current marital standard of living.” Silda will be able to continue to live in their luxurious Fifth Avenue apartment or “any replacement primary residences of similar size, location and quality.”

In addition, Spitzer agreed to pay for a new car for her “no more than every five years”, “entertainment and activities expenses”, a housekeeper, a part-time assistant, and up to $100,000 per year that she gets to donate to her favorite charities. Silda will also receive from the agreement, $1 million within 180 days of their separation, $1 million upon the service of their divorce judgment and $500,000 per year for up to six years. After that, Eliot will pay her $240,000 per year until she remarries or dies.

According to the documents from the divorce, Eliot Spitzer’s adjusted gross income in 2012 was $4,268,000. The couple’s assets as of August 2013 revealed various bank accounts totaling $40,000, more than $45,000 in investments, a $92,000 401K and a $260,000 IRA account. Spitzer’s personal assets include real estate holdings and business ventures that total more than $46 million.

Also included in the divorce was a confidentiality agreement and gag order on both Eliot as well of Silda and their representatives. They may not publish, “any diary, memoir, letter, story, photograph, interview, article, essay, blog, YouTube or like internet video, account or description whether fictionalized or not concerning intimate details of their marriage to each other or any other intimate details of the other’s life, or the other’s business, professional or financial affairs” without the written consent of the other party.

©Kelly Cozzone, All Rights Reserved. No part of this article may be reproduced without prior permissions from the author. The first two sentences may be reposted with a link back to the original article.

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