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Nicole Mitchell Murphy, ex-wife of legendary comedian Eddie Murphy, is nearly flat broke and on the verge of losing the mansion awarded to her in her divorce settlement.
As part of the couple's 2006 divorce settlement, Nicole received a one-time payment of $15 million, which she has reportedly blown through in a span of four years. Nicole has also been slapped with five IRS tax liens totaling nearly $850,000. In an effort to drum up some much-needed cash, the opulent 9,200-square-foot Spanish estate in Calabasas, Calif., that she lives in has been put up for sale for about $7 million.
Nicole and Eddie were married for 13 years and had five children. Instead of receiving monthly alimony payments at the time of their divorce proceedings, Nicole opted for a one-time pay out.
Over the years, Nicole has also made some pretty bad money moves, like investing quite a bit in an Internet jewelry business, a venture that quickly spiraled downward.
Uncle Sam isn't the only entity gunning for the 42-year-old stunner; she also has to settle an outstanding debt of $600,000 with a legal firm. A landscaping company also has its hands out claiming that Nicole owes $60,000. Nicole owns a Los Angeles-area home as well, and she reportedly owes $5 million on it.
She is currently engaged to former New York Giants-turned actor Michael Strahan. Maybe there is some light at the end of the tunnel for the financially strapped Nicole after all?
Time will tell... stay tuned.
Comments: (178)
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By: Li Wright on 12/29/2010 12:06PM
I wish somebody would give me $15 Million, there's no chance in he**ll I would blow through it in 4 years. I would put it in a safe deposit box, I would invest in CDs, overseas banks....no sirree....
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By: FRANK on 12/30/2010 6:04AM
NOW SHE IS LOOKING STUPID...DONE LAID UP WITH 13 YEARS, HE'S GONE WITH THE MONEY, SHE HAS 2 KIDS TO FINISH RAISING, AND HAVE SPENT HER LAST DIME, PRAYING THAT MICHAEL WILL FINANCE HER CARELESSNESS.
NOW SHE LOOKS LIKE A 40+ YEAR OLD BIRD....I WISH HER WELL, BUT WOMEN ARE USUALLY BETTER AT BUDGETING THAN MEN
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By: catherine on 1/02/2011 3:10AM
You wish? I wish someone would give me a fourth of it. I know for one I would not blow it foolishly as this woman has. What about the children? What did she put to side for them? after all I believe it was mostly for them. Women like this woman gets all of the breaks and I can't even say they don't deserve it. What about the children, will she let them know that their father supplied for their needs and she messed it up or do they already know. The children I am sure their father will continue to take care of but what if he is one of those dead beat father's that figures I gave to your mother I don't have to do anything for you. Let us pray for this situation at hand,
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By: Patty on 1/02/2011 2:39PM
Same here. $15 mil would last a very long time with me! Http://www.bestbankruptcysite.info She'll be filing soon!
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By: jon dohhhh on 1/02/2011 3:48PM
CD's have lousy rates right now. Better to put it in a Roth IRA there bro.
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By: dbrns124 on 12/29/2010 12:14PM
Duh the dummy should have taken the alimony!! She still is collecting child support so she can live off the money that the kids get until they turn 18 or 21. If Michael Strahan marries her he is in for trouble. What does she bring to the table but a lot of baggage.
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By: phil on 1/02/2011 10:23PM
Oh Micheal? Are you reading this??? The flags are waving crimson buddy. Hope you are paying attention.
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By: Curveball on 1/03/2011 4:36AM
Strahan has 2 ex wives and at least 4 children already. He doesn't have money to finance her foolishness.
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By: Vickiss on 12/29/2010 12:28PM
Johnny Gill isn't in deep debt................
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By: Michele on 1/01/2011 10:25PM
You are so wrong. Why ae you bringing up Johnny? This is about Nicole, not what supposedly happended with Johnny and Eddie. Again, supposedly.
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