'Rocky' star Sylvester Stallone accused of hiding marital assets in divorce filing


Felicity Glover
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Hollywood actor Sylvester Stallone, star of classic films including the Rocky and Rambo franchises, has been accused of hiding marital assets by his wife of 25 years.

Jennifer Flavin made the allegations in divorce documents filed in a Florida court.

The former model began proceedings against Stallone on Friday, saying that the marriage was “irretrievably broken”, US magazine Closer Weekly reported on Wednesday.

“The husband has engaged in the intentional dissipation, depletion and/or waste of marital assets, which has had an adverse economic impact on the marital estate,” the filing said.

“Pursuant to Section 61.075, Florida Statues, equity dictates that the wife be compensated and made whole by receiving an unequal distribution of the marital assets in her favour.”

Stallone and Flavin are the latest high-profile couple to announce their divorce.

Earlier this month, Australian billionaire media tycoon Rupert Murdoch and his model wife Jerry Hall finalised their divorce, joining Amazon founder Jeff Bezos, who ended his marriage with MacKenzie Scott in April 2019, Microsoft co-founder Bill Gates, who split from Melinda French last year, and Google co-founder Sergey Brin, who filed for divorce in June.

High profile divorces — in pictures

Stallone, 76, has a net worth of $400 million, according to wealth tracking platform Celebrity Net Worth.

He first rose to fame in 1976 after writing the screenplay for the first Rocky film — about a struggling boxer from Philadelphia.

Stallone was paid only $23,000 for his starring role as Rocky Balboa, but the film was a critical success despite its $1m budget and went on to earn $225m at the box office, and was nominated for 10 Academy awards, according to Celebrity Net Worth.

In total, Stallone’s films have grossed about $4 billion in global box office takings, primarily from the Rocky and Rambo franchises, as well as the Rocky spin-off Creed and other blockbuster titles including Cliffhanger, The Expendables, Guardians of the Galaxy and The Suicide Squad.

“Between the 1970s and 2012 alone, Sylvester Stallone earned $300m in base film salaries,” Celebrity Net Worth estimated.

In 2018, Stallone founded Balboa Productions, a film and television production studio, with producer Braden Aftergood. The studio has produced films including Rambo: Last Blood and The Gangster, The Cop, The Devil.

Meanwhile, Flavin, 54, is estimated to have a net worth of $10m and has appeared in a number of reality TV shows including American Gladiator and Hollywood Women.

She is also the co-founder of Serious Skin Care, a company specialising in skin treatment and beauty products, which are sold on the Home Shopping Network.

In the divorce filing, Flavin has also requested that the court prevent Stallone from divesting any further marital assets.

“The husband should be enjoined from, selling, transferring, assigning, encumbering, or dissipating any assets during the pendency of proceedings,” the filing said.

In January this year, British singer-songwriter Adele paid $58m for Stallone and Flavin’s Beverly Hills mansion.

The mountain retreat measuring 21,000 square feet is set on a 1.4-hectare estate in the upmarket Beverly Park Terrace gated community.

Stallone listed the property for $110m in January 2021 but dropped the price to $85m in May last year after moving to a $35m estate in Palm Beach, Florida.

The couple also sold their La Quinta, California, holiday home in May 2020 for $3.1m. They bought the house in 2010 for $4.5m and had been trying to sell the property since 2014, Celebrity Net Worth said.

“In February 2022, Sylvester [also] paid $18.2m for an estate in Hidden Hills, California,” it added.

In 2020, a Panerai watch worn by Stallone in his 1996 film Daylight fetched $214,200 at an auction by Phillips. Stallone has been credited with reviving the watch brand.

Before moving to Florida, the actor also sold off about 500 items he had collected during his film career at an auction in December.

Hosted by Julien’s Auctions, the sale was expected to raise about $1.5m, with items ranging from Rocky III boxing gloves to Rambo headbands, scripts, notebooks, costumes and props.

“He actually is relocating, he's selling his house, so that's a perfect time for anyone to downsize,” Martin Nolan, executive director at Julien's Auctions, said at the time.

“We expect a huge response to this [auction] announcement because people have pent-up demand for iconic items like this, authentic items coming directly from the man himself.”

Stallone and Flavin married in 1997 and have three daughters.

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Europe wide
Some of French groups are threatening Friday to continue their journey to Brussels, the capital of Belgium and the European Union, and to meet up with drivers from other countries on Monday.

Belgian authorities joined French police in banning the threatened blockade. A similar lorry cavalcade was planned for Friday in Vienna but cancelled after authorities prohibited it.

Company profile

Name:​ One Good Thing ​

Founders:​ Bridgett Lau and Micheal Cooke​

Based in:​ Dubai​​ 

Sector:​ e-commerce​

Size: 5​ employees

Stage: ​Looking for seed funding

Investors:​ ​Self-funded and seeking external investors

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
PREMIER LEAGUE FIXTURES

Tuesday (UAE kick-off times)

Leicester City v Brighton (9pm)

Tottenham Hotspur v West Ham United (11.15pm)

Wednesday

Manchester United v Sheffield United (9pm)

Newcastle United v Aston Villa (9pm)

Norwich City v Everton (9pm)

Wolves v Bournemouth (9pm)

Liverpool v Crystal Palace (11.15pm)

Thursday

Burnley v Watford (9pm)

Southampton v Arsenal (9pm)

Chelsea v Manchester City (11.15pm)

Company%20profile
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Juvenile arthritis

Along with doctors, families and teachers can help pick up cases of arthritis in children.
Most types of childhood arthritis are known as juvenile idiopathic arthritis. JIA causes pain and inflammation in one or more joints for at least six weeks.
Dr Betina Rogalski said "The younger the child the more difficult it into pick up the symptoms. If the child is small, it may just be a bit grumpy or pull its leg a way or not feel like walking,” she said.
According to The National Institute of Arthritis and Musculoskeletal and Skin Diseases in US, the most common symptoms of juvenile arthritis are joint swelling, pain, and stiffness that doesn’t go away. Usually it affects the knees, hands, and feet, and it’s worse in the morning or after a nap.
Limping in the morning because of a stiff knee, excessive clumsiness, having a high fever and skin rash are other symptoms. Children may also have swelling in lymph nodes in the neck and other parts of the body.
Arthritis in children can cause eye inflammation and growth problems and can cause bones and joints to grow unevenly.
In the UK, about 15,000 children and young people are affected by arthritis.

UAE currency: the story behind the money in your pockets
The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 240hp at 5,500rpm

Torque: 390Nm at 3,000rpm

Transmission: eight-speed auto

Price: from Dh122,745

On sale: now

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

Company%20Profile
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GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

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Essentials

The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes. 
 

Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes. 


In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes. 
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Company name: Farmin

Date started: March 2019

Founder: Dr Ali Al Hammadi 

Based: Abu Dhabi

Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs 

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap​​​​​​​
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal​​​​​​​
Rating: 3.5/5

Surianah's top five jazz artists

Billie Holliday: for the burn and also the way she told stories.  

Thelonius Monk: for his earnestness.

Duke Ellington: for his edge and spirituality.

Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.

Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.

Updated: August 25, 2022, 11:31 AM`