This week, Page Six announced that Kim Kardashian West intends to file for divorce from Kanye West after six years of marriage. Although they are said to have a prenuptial agreement, the couple’s situation has changed significantly since their lavish wedding in Italy.
According to Forbes history, Kanye’s net worth has grown from $ 100 billion to $ 1.3 billion since April, thanks to his music and fashion career. (Kanye claims the figure is more than $ 5 billion.) Kim has seen her fortune rise from $ 40 million in 2014 to $ 780 million as her clothing and makeup brands increase.
Preliminary preparation guarantees Kim $ 1 million for each year of marriage, according to previous reports. She also keeps all the gifts Kanye has given her. It is unclear whether this includes “$ 5 million in art, nearly $ 4 million in vehicles and $ 3.2 million in jewelry,”
“If they didn’t keep things separate, God knows what happens to accounting matters,” said Beverly Hills lawyer Joseph Mannis of Hersh Mannis LLP, who considers Halle Berry and Tim Burton as clients. “It can be a giant neck pain to find out what you’re doing.
Here is what can be said in the divorce of Kim Kardashian-Kanye West.
Kim’s business: $ 700 + million
According to Forbes, most of Kim’s revenue comes from her cosmetics line KKW Beauty, which she launched in 2017. On January 5, Kim finalized a deal with Coty Inc. by selling 20 percent of KKW for $ 200 million. (Previously, it owned 72 percent of the $ 500 million mark, according to Forbes.)
In 2019, its Skims clothing line won $ 5 million in funding and sold $ 2 million within minutes of its launch.
It is reported that the preliminary preliminary application “The money she earns from … Kardashian’s clothing line and promotional events will be considered her separate and only income.” That language could prevent Kanye from suing his business, said Amy Gold, a well-known family lawyer in Los Angeles.
There may be a language in the pre-presentation of the couple that says “no goodwill”, which means that there are no capital letters in them [shared] name, ‘said Gold. “It simply came to our notice then [her] the family name is West “- and the company is KKW -” that doesn’t give him access. “
Kim’s Real TV World: Millions
At the end of last year, it was announced that “Keeping up with the Kardashians” – the reality show that made the names of Kim and her family – will end at E! network in 2021 after 20 seasons on air.
Although Kanye was initially cautious about appearing on the show, he has made several cameos over the years, including recording their engagement at Oracle Park and before their wedding. Their children, especially the North, often show up too.
But the preliminary preparation claims that she keeps all the money Kim earns from the show.
She and her sisters and mother Chris Jenner have signed a multi-year deal with Disney to create new exclusive content that will be broadcast exclusively at Hulu in the United States.
Custody of their four children
Kim and Kanye are the parents of daughters North, 7 and Chicago, who turns 3 this month, and sons St., 5 and Psalm, 1. The couple’s prior preparation does not contain a custody agreement, as required by California law.
Gold said the courts would probably start with both parents receiving 50/50 physical custody. But any camp can sue for longer if it proves a situation would be “harmful to the child,” such as if one parent is absent from the tour for a year, Gold said.
“If you file for divorce in California, neither side can take the children [out of state] without the other [parent’s] permission, ”added lawyer Manis. “There’s often a dispute about this in celebrity cases.”
When both parents have extremely high incomes, negotiating child support can be particularly “strange,” he said. But he does not expect Kim or Kanye to engage in such a battle. “It’s bad advertising.”
Property in California: $ 78 million
After buying a home in Calabasas, California, for $ 40 million, Kim and Kanye spent $ 20 million on renovations.
“All we do is an art installation and a game room,” Kanye told Architectural Digest of the minimalist mansa designed by Axel Verward. The 15,000-square-foot, 4.5-acre mansion features cave-like corridors, two pools and a vineyard. A single sink costs $ 30,000.
The couple also owns three neighboring properties, as well as land near Palm Springs, California, purchased in 2020 for $ 6.3 million.
“Kim is trying to get Kanye to hand over her house to Calabasas …,” a Page Six source said. “She owns all the land and adjacent plots around the house, but Kanye owns the real house.” Sources told The Post that this was unusual and could complicate the deal.
“Most business managers are pretty good,” and they don’t allow financial outings, “Manis said.
Engagement ring: $ 1.3 million
According to reports of the couple’s preliminary preparations, Kim keeps all the gifts Kanye gave her – including her 15-carat Lorraine Schwartz engagement ring, which is said to cost about $ 2 million.
To be clear, this is the ring he offered her to friends and family when he rented the AT&T Stadium in San Francisco, along with the performance of the Chicago Symphony and the message “PLEEEASE MARRY MEEE” by Jumbotron. Not to be confused with her second ring of $ 4.5 million, stolen in a Paris robbery.
Over the years, Page Six reports, Kanye has gifted his wife with at least $ 350,000 Cartier bracelets, a Hermès Birkin bag painted by artist George Condo – and another painted by their daughter North – and a $ 1 million diamond choker. There is also a personalized Mercedes SUV worth over $ 227,000 and a lot of stock.
Kanye’s business: up to $ 5 billion
Kanye started designing sneakers in 2009, soon branching out into clothing. The Yeezy brand is a phenomenon, with sales of $ 1.5 billion in 2019. It owns 100 percent of its company, but has a deal to sell its sneakers through Adidas. In June, he announced a 10-year deal with Gap and said it would increase its net worth to $ 5 billion. It is unknown at this time what he will do after leaving the post.
The rapper has released nine albums in 17 years through Roc-a-Fella Records. Although he had promised an album in 2020, he refused, arguing that his recording contract was a form of “modern slavery.”
According to leaked documents, Kanye was paid $ 11 million for the 2013 Yeezus albums and $ 6 million for the 2016 Life of Pablo albums.
His own label GOOD Music has released music from Big Sean, John Legend and Kid Cudi.
Kanye’s Wyoming Compound: $ 30 million
In 2019, Kanye spent $ 14 million on a ranch in Cody, Wyatt. He was approved to build a 52,000-square-meter home with an underground garage, but refused permission to build an amphitheater, the AP reported.
Kanye was on the ranch recording her tenth album, which she is about to release when she launched her Twitter tirade against Kim and her family in July, prompting friends, including Dave Chappelle, to fly in and check it out.
Since then, Kanye has reportedly remained mostly on the ranch. He also owns a $ 15 million ranch in Greybull, Wyo., And a warehouse in Cody. It is not known whether Kim’s name was recorded in the case file.