This week, Page Six reported 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 a lot since their lavish wedding in Italy.
According to an April Forbes story, Kanye’s net worth would have risen from $ 100 million to $ 1.3 billion due to his music and fashion career. (Kanye claims the figure is more than $ 5 billion.) Kim saw her fortune rise from $ 40 million in 2014 to $ 780 million, with her clothing and makeup brands growing.
The prenuptial guarantee Kim one million dollars for each year of marriage, according to previous reports. He also gets to keep whatever gift Kanye gave him. It’s unclear if this includes “$ 5 million in art, nearly $ 4 million in vehicles and $ 3.2 million in jewelry,” Forbes said they own.
“If they didn’t keep things separate, God knows what happens to the accounting issues,” said Beverly Hills attorney Joseph Mannis of Hersh Mannis LLP, which considers Halle Berry and Tim Burton as clients. “It could be a huge neck pain to figure out what you’re doing.
Here’s what could be at stake in a Kim Kardashian-Kanye West divorce.
Kim’s business: over $ 700 million
According to Forbes, most of Kim’s revenue comes from her KKW Beauty cosmetics line, which she started in 2017. On January 5, Kim finalized a deal with Coty Inc., selling a 20% stake. from KKW for $ 200 million. (She previously owned a $ 72 million share in the brand, according to Forbes.)
In 2019, its Skims clothing line earned $ 5 million in funding and, within minutes of launch, earned $ 2 million in sales.
Following the first name, it is said that “The money she earns from … the Kardashian clothing line and promotional appearances will be considered her unique and unique income”. This language could prevent Kanye from making a claim on his business, said Aimee Gold, a Los Angeles family lawyer.
In the couple’s marriage, there may be a language that says “there is no good will”, which means that there are no capital letters on them. [shared] name, ”Gold said. “It simply came to our notice then [her] the last name is West ”- and the company is KKW -“ that doesn’t give him any access ”.
Kim’s TV reality world: millions
Late last year, it was announced that “Keeping Up With the Kardashians” – the reality show that ended with Kim and her family name on E! network in 2021 after 20 seasons in the air.
Although Kanye was initially worried about appearing in the show, he made several cameos over the years, including recording their engagement at Oracle Park and before their wedding. Their children, especially from the north, often appear as well.
But the prenup says that Kim made some money from the show, she keeps it.
She and her sisters and mother, Kris Jenner, have signed a multi-year agreement with Disney to create new exclusive content that will be broadcast exclusively on Hulu in the United States.
Custody of their four children
Kim and Kanye are the parents of their 7-year-old North and Chicago daughters, who are turning 3 this month, and their 5-year-old sons, Saint and Psalm 1. The couple’s prenuptial agreement does not contain a custody agreement, as is California law. .
Gold said the courts will likely start with both parents receiving “50/50” physical custody. But each camp could litigate longer if it proves a situation is “harmful to the child,” as if a parent had gone on 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 Mannis. “There’s often an argument about this in celebrity cases.”
When both parents have extremely high incomes, negotiating child support can be particularly “bizarre,” he said. But Kim or Kanye are not expected to take such a fight. “It’s bad publicity.”
California properties: $ 78 million
After buying a house in Calabasas, California, for $ 40 million, Kim and Kanye allegedly spent $ 20 million on renovations.
“All we do is an art installation and a playroom,” Kanye told Architectural Digest about the minimalist hand, designed by Axel Vervoordt. The 15,000-square-foot, 4.5-acre property boasts cave-type halls, two pools and a vineyard. A single sink cost $ 30,000.
The couple also owns three adjacent properties, as well as land near Palm Springs, California, bought in 2020 for $ 6.3 million.
“Kim is trying to get Kanye to hand over her Calabasas house …” a source told Page Six. “She owns all the land and lots around the house, but Kanye owns the house itself.” Sources told The Post that this is unusual and may complicate a solution.
“Most business managers are pretty good” and don’t allow “financial income,” Mannis explained.
Engagement ring: $ 1.3 million
According to reports of the couple’s engagement, Kim manages to keep whatever gift Kanye gave her – including the 15-carat Lorraine Schwartz engagement ring, which is said to be worth about $ 2 million.
To be clear, this is the ring he proposed to his friends and family when he rented the AT&T Stadium in San Francisco, complete with the Chicago Symphony concert and the message “PLEEEASE MARRY MEEE” on Jumbotron. Not to be confused with her second ring, worth $ 4.5 million, which was stolen in a robbery in Paris.
Over the years, Page Six reported, Kanye gave his wife at least $ 350,000 in Cartier bracelets, a Hermès Birkin bag painted by artist George Condo – and another painted by their daughter North – and a choker with $ 1 million diamonds. There’s also the custom Mercedes SUV, worth over $ 227,000, and plenty of stock.
Kanye’s business: up to $ 5 billion
Kanye began designing sneakers in 2009, soon becoming clothing. The Yeezy brand is a phenomenon, with sales of $ 1.5 billion in 2019. It owns 100% of its company, but has a business to sell its sneakers through Adidas. In June, he announced a 10-year deal with Gap and claimed to have raised 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 over 17 years through Roc-a-Fella Records. Although he had promised an album in 2020, he later refused, claiming that his record deal was a form of “modern slavery”.
According to the documents he revealed, Kanye was paid $ 11 million for the 2013 album “Yeezus” and $ 6 million for the 2016 album “The Life of Pablo”.
His own label, GOOD Music, released music from Big Sean, John Legend and Kid Cudi.
Kanye’s Wyoming Company: $ 30 million
In 2019, Kanye spent $ 14 million on a farm in Cody, Wyo. He was approved to build a 52,000-square-foot house with an underground garage, but refused permission to build an amphitheater, according to the AP.
Kanye was on the farm recording his tenth album, which was still released, when he launched his Twitter tirade against Kim and her family in July, prompting friends, including Dave. Chappelle, fly and check it out.
Since then, it has been reported that Kanye has remained mostly 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.