This week, Page Six reported that Kim Kardashian West plans 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 marriage in Italy.
According to an April Forbes story, Kanye’s net worth has reportedly increased from $ 100 million to $ 1.3 billion, thanks to his music and fashion careers. (Kanye claims the amount is more than $ 5 billion.) Kim has seen her fortune rise from $ 40 million in 2014 to $ 780 million, with shapewear and makeup brands growing.
The marriage contract guarantees Kim $ 1 million for each year of marriage, according to previous reports. She also gets to keep any gifts Kanye gave her. It’s unclear if that includes “$ 5 million in art, nearly $ 4 million in vehicles, and $ 3.2 million in jewelry.” Forbes has reported that they own it together.
“If they haven’t kept things separate, God knows what happens to the accounting issues,” said Beverly Hills attorney Joseph Mannis of Hersh Mannis LLP, who considers Halle Berry and Tim Burton as clients. ‘That can be a huge pain in the neck to find out what you’re doing.
Here’s what could be at stake in a divorce from Kim Kardashian and Kanye West.
Kim’s Business: $ 700 + million
According to Forbes, most of Kim’s income comes from her KKW Beauty cosmetics line, which she started in 2017. On January 5, Kim struck a deal with Coty Inc. by selling a 20 percent stake in KKW for $ 200 million. (She previously held a 72 percent stake, worth $ 500 million, in the brand, according to Forbes.)
In 2019, her Skims shapewear line made $ 5 million in funding, and within minutes of launching, she racked up $ 2 million in revenue.
The marriage contract reportedly states that “Money she earns from … the Kardashian clothing line and promotional appearances will be considered her separate and only income.” This language could deter Kanye from filing a claim with her companies, said Aimee Gold, a high-profile Los Angeles family law attorney.
There may be language in the couple’s marriage contract that says ‘no goodwill’ meaning no capitalization on their [shared] name, ”said Gold. ‘That just means because [her] last name is West “- and the company is KKW -” that doesn’t give him access. “
Kim’s Reality TV World: Millions
It was announced late last year that “Keeping Up With the Kardashians” – the reality show that made Kim and her family household names – would end on the E! network in 2021 after 20 seasons on the air.
While Kanye was initially reluctant to appear on the show, he has made several cameos over the years, including recording their engagement at Oracle Park and leading up to their wedding. Their children, especially North, often show up too.
But the marriage contract reportedly states that whatever money Kim earns from the show, she will keep.
She and her sisters and mom, Kris Jenner, signed a multi-year deal with Disney to create new exclusive content that will air exclusively on Hulu in the US.
Custody of their four children
Kim and Kanye are parents of daughters North, 7, and Chicago, who turns 3 this month, and sons Saint, 5, and Psalm, 1. The couple’s marriage reportedly does not include a custody agreement, as is consistent with California law. .
Gold said the court will likely begin with both parents getting “50/50” physical custody. But each camp could sue for more time if they prove a situation would be “harmful to the child,” such as if one parent was on tour for a year, Gold said.
If you file a divorce lawsuit in California, neither party is allowed to take the kids [out of state] without the other [parent’s] consent, ”added lawyer Mannis. “There is often a discussion about this in celebrity cases.”
When both parents have extremely high incomes, negotiating child support can be particularly “bizarre,” he said. But he doesn’t expect Kim or Kanye to fight such a fight. “It’s bad publicity.”
California Properties: $ 78 Million
After buying a home in Calabasas, California for $ 40 million, 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 rectory designed by Axel Vervoordt. The 15,000-square-foot 4.5-acre property features cavernous corridors, two swimming pools and a vineyard. A single sink costs $ 30,000.
The couple also own three adjacent 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 the Calabasas house to her …”, a source told Page Six. “She owns all the land and adjacent lots around the house, but Kanye owns the actual house.” Sources told The Post that this is unusual and can complicate a settlement.
“Most business managers are pretty good,” and don’t allow financial “coming,” explained Mannis.
Engagement ring: $ 1.3 million
According to reports on the couple’s marriage contract, Kim is allowed to keep all the gifts Kanye has given her – including her 15 carat Lorraine Schwartz engagement ring, which is said to be worth about $ 2 million.
To be clear, this is the ring he introduced her to friends and family when he rented out the AT&T Stadium in San Francisco, complete with the Chicago Symphony performance and the message “PLEEEASE MARRY MEEE” on the Jumbotron. Not to be confused with her second $ 4.5 million ring, which was stolen during a robbery in Paris.
Over the years, Page Six reports, Kanye has gifted his wife with at least $ 350,000 worth of Cartier bracelets, a Hermès Birkin bag painted by artist George Condo – and another painted by their daughter North – and a diamond choker from $ 1 million. There’s also the custom Mercedes SUV, which is worth over $ 227,000, and plenty of stock.
Kanye’s Companies: Up to $ 5 Billion
Kanye started designing sneakers in 2009 and soon started designing clothes. The Yeezy brand is a phenomenon, with sales of $ 1.5 billion in 2019. He owns 100 percent of his business, but has a deal to sell his sneakers through Adidas. In June, he announced a 10-year deal with Gap, claiming that it increased his net worth to $ 5 billion. It is not known whether Kim has an interest in his company.
The rapper has released nine albums in 17 years through Roc-a-Fella Records. Although he had promised an album in 2020, he then declined, claiming his record deal was a form of “ modern slavery. ”
According to documents he leaked, Kanye was paid $ 11 million for the 2013 “Yeezus” and $ 6 million for the 2016 “The Life of Pablo” albums.
His own label, GOOD Music, has released music by Big Sean, John Legend and Kid Cudi.
Kanye’s compound in Wyoming: $ 30 million
In 2019, Kanye spent $ 14 million on a farm in Cody, Wyo, and was granted permission to build a 52,000-square-foot house with an underground garage, but declined a permit to build an amphitheater, according to AP.
Kanye was on the ranch recording his upcoming tenth album when he unleashed his Twitter rant against Kim and her family in July, urging friends including Dave Chappelle to fly in and check on him .
It has since been reported that Kanye has mainly resided 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 is on the deeds.