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Tuesday, August 28, 2007

Televangelist Paula White divorces

Randy and Paula White, the founders and co-pastors of what has been one of the nation's biggest and fastest-growing churches, plan to divorce.

Members of Without Walls International Church reacted with tears and a chorus of "Oh, no's" after the Whites' announcement at Thursday night's service.

Most said the news came as a shock, but it didn't shake their faith in the ministry.

The Whites have declined to say what the church pays them.

Michael Chitwood, whose financial services company devised their compensation package, said he recalled they have taken an annual salary as high as $1.5 million collectively, though most years it's closer to $600,000.

They were approved to take up to $3 million collectively, said the president of Chitwood & Chitwood of Tennessee.

Perhaps the most complex part of their divorce will be dividing up the assets, debts and business interests.

The couple's home on Bayshore Boulevard has an assessed value of $2.22 million. They have a land trust that includes two Tampa houses with assessed values of $144,800 and $257,835. The New York condo is valued at about $3.5 million.

Their multimillion-dollar ministry includes a private jet.

Randy White has said much of their wealth comes from more than 23 successful business ventures, including real estate and his role as a pitchman for Great HealthWorks' Omega XL fatty acid pills.

With that kind of income, how many Chick tracts would that buy????
See Chick's "Reverend Wonderful"

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