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Saturday, July 17, 1999Using Mick and Jerry as an example
A look at how the stars might have used the formula
The Daily Telegraph
On the face of it, it might seem that Jerry Hall received an inequitable share of Mick Jagger's fortune when she agreed to a settlement believed to be worth around $23-million.
The Daily Telegraph
The Jaggers' home in Richmond Hill, west London. Jerry loves it more.
The exact extent of Mr. Jagger's wealth is unknown, but it is estimated to be about $350-million.
It is well known that the couple's favourite home is La Forchette, a chateau in the Loire Valley. Had they used Adjusted Winner, both parties are likely to have scored it highly.
Downe House, a Georgian mansion on Richmond Hill, in west London, would probably have been more highly prized by Ms. Hall than Mr. Jagger.
Mr. Jagger is thought to value their Japanese home on the Caribbean island of Mustique and their townhouse in Manhattan. As an avid classic car enthusiast, he is likely to have rated his $4.6-million collection more highly.
Mr. Jagger is also said to be attached to his impressive collection of art and furniture, which is worth an estimated $70-million.
On this basis, a possible outcome is that Ms. Hall would have assigned 40 points to La Forchette, 35 to Downe House, 10 each to the Mustique and New York residences, three points to the art collection and two points to the classic cars.
Mr. Jagger, using the same method, might have assigned 40 points to La Forchette, 25 to Mustique, 10 to New York 15 points to Downe House, and five each to the classic cars and the art collection.
Thus, Mr. Jagger gets Mustique, the cars and art, worth 35 points, while Ms. Hall receives Downe House alone, also worth 35 points.
This leaves Mr. Jagger and Ms. Hall to take equal shares of La Forchette and the New York residence, either financially or as a time-share arrangement.
The outcome produced by Adjusted Winner is close to that believed to have been agreed upon between the two. It measures the property on its emotional and practical value, rather than its financial worth.
The proof of the method is backed by the fact that no matter how the exact numbers are manipulated, the outcome remains similar, provided each party keeps the order of preference constant.
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