This week, Page Six reported that Kim Kardashian West plans to file for a divorce from Kanye West after six years of marriage. They are said to have a prenuptial agreement, but the couple’s situation has changed a lot since their lavish wedding in Italy.
According to an April Forbes story, Kanye’s net worth apparently rose from $ 100 million to $ 1.3 billion, thanks to his music and modeling careers. (Kanye claims the amount is over $ 5 billion.) Kim has seen her fortune go from $ 40 million in 2014 to $ 780 million, with her brands for shape and makeup on the rise.
According to previous reports, Kim guarantees a $ 1 million marriage every year. She can also keep gifts that Kanye gave her. It is unclear whether this includes the “$ 5 million in art, nearly $ 4 million in vehicles and $ 3.2 million in jewelry,” which Forbes reported they own together.
“If they did not keep things separate, God knows what will happen to the accounting issues,” said Joseph Mannis, a Beverly Hills attorney from Hersh Mannis LLP, who considers Halle Berry and Tim Burton clients. ‘It can be a big pain in the neck to find out what you’re doing.
This is what could be at stake during a divorce from Kim Kardashian-Kanye West.
Kim’s business: $ 700 + million
According to Forbes, most of Kim’s income comes from her KKW Beauty cosmetics series, which she started in 2017. On January 5, Kim signed an agreement with Coty Inc. clinched and sold a 20 percent stake in KKW for $ 200 million. (According to Forbes, she previously owned a $ 500 million stake in the brand worth $ 500 million.)
In 2019, her Skims shapewear range earned $ 5 million in funding and within minutes of launch, it reached $ 2 million in sales.
According to the prenup, “money she earns from … the Kardashian clothing line and promotional appearances is considered her separate and sole income.” This language could prevent Kanye from claiming her businesses, said Aimee Gold, a family lawyer in Los Angeles.
There may be language in the couple’s preview that says: ” no good will ”, which means there are no capital letters on them [shared] name, ”Gold said. ‘It just means because [her] van is West ”- and the company is KKW -“ it gives him no access. ”
Kim’s Reality TV World: Millions
Late last year it was announced that “Keeping Up With the Kardashians” – the reality show that made Kim and her family’s household names – on the E! network in 2021 after 20 seasons on air.
Although Kanye was originally cautious about performing in the program, he has made a few comos over the years, including their engagement at Oracle Park and the run-up to their wedding. Their children, especially North, also appear regularly.
But according to the prenup, she insists Kim earn money for the show.
She and her sisters and mother, Kris Jenner, have signed a multi-year deal with Disney to create new exclusive content that will be broadcast exclusively on Hulu in the US.
Custody of their four children
Kim and Kanye are parents to daughters North, 7 and Chicago, who will be 3 this month, and sons Saint (5) and Psalm, 1. The couple apparently do not have a custody agreement, which is in line with California law.
Gold said the courts would probably start with the fact that both parents get a “50/50” supervision. But each camp can fight for longer if they prove that a situation will have a detrimental effect on the child, such as that one parent will not be on tour for a year, Gold said.
‘If you file for divorce in California, neither party can take the children [out of state] without the other [parent’s] consent, ”adds Advocate Mannis. “There is often an argument about this in celebrity cases.”
If both parents have extraordinarily high incomes, child support negotiations can be particularly “bizarre,” he said. But he does not expect Kim or Kanye to fight such a battle. “This is bad publicity.”
California Properties: $ 78 Million
Following the purchase of a $ 40 million home in Calabasas, California, Kim and Kanye reportedly spent $ 20 million on renovations.
“All we do is an art installation and a playroom,” Kanye told Architectural Digest about the minimalist men, designed by Axel Vervoordt. The estate of 15,000 square meters and 4.5 acres has cave-like passages, two pools and a vineyard. A single sink cost $ 30,000.
The couple also owns three adjoining properties, as well as land near Palm Springs, California, which was purchased in 2020 for $ 6.3 million.
“Kim is trying to get Kanye to hand over the Calabasas house to her …,” a source told Page Six. “She owns all the land and adjoining yards around the house, but Kanye owns the actual house.” Sources told The Post this is unusual and could complicate a settlement.
“Most business executives are pretty good” and do not allow financial “arrival”, Mannis explained.
Engagement ring: $ 1.3 million
According to reports on the couple’s preview, Kim could keep any gifts Kanye gave her, including her 15-carat engagement ring, Lorraine Schwartz, which is worth about $ 2 million.
To be clear, this is the ring he presented to her in front of friends and family when he rented the AT&T Stadium in San Francisco, complete with the performance of the Chicago Symphony and the message ‘PLEEEASE MARRY MEEE’ on the Jumbotron. Not to be confused with her second $ 4.5 million ring stolen in a Paris stolen.
Over the years, Page Six reports, Kanye has donated at least $ 350,000 to his wife in Cartier bracelets, a Hermès Birkin bag painted by artist George Condo – and another painted by their daughter North – and a $ 1 million diamond killer. There’s also the custom Mercedes sport utility vehicle, worth more than $ 227,000, and an abundance of shares.
Kanye’s businesses: up to $ 5 billion
Kanye started designing sneakers in 2009, after which he quickly put on clothes. The Yeezy brand is a phenomenon with sales of $ 1.5 billion in 2019. He owns 100 percent of his company, but has an agreement to sell his sneakers through Adidas. In June, it announced a 10-year deal with Gap, claiming it had increased its net worth to $ 5 billion. It is not known if Kim has an interest in his business.
The rapper has released nine albums for 17 years through Roc-a-Fella Records. Although he promised an album in 2020, he refused, claiming that his record deal was a form of ‘modern slavery’.
According to documents he leaked, Kanye was paid $ 11 million for the “Yeezus” in 2013 and $ 6 million for the album “The Life of Pablo” in 2016.
His own label, GOOD Music, has released music by Big Sean, John Legend and Kid Cudi.
Kanye’s Wyoming Composition: $ 30 Million
In 2019, Kanye spent $ 14 million on a farm in Cody, Wyo. He approved the AP to build a 52,000-square-foot home with an underground garage, but according to AP, he refused the permit to build an amphitheater.
Kanye was on the farm and recorded his tenth unreleased album when he unleashed his Twitter tirade against Kim and her family in July, asking friends, including Dave Chappelle, to fly in and take him to to go.
Since then, it has been reported that Kanye has mostly stayed on the farm. He also owns a $ 15 million farm in Greybull, Wyo., And a warehouse in Cody. It is unknown at this time what he will do after leaving the post.