This week, page six reported that Kim Kardashian West intends to file for Kanye West’s divorce after six years of marriage. Although they are said to have a prenuptial agreement, the couple’s situation has changed enormously since their lavish wedding in Italy.
According to an April Forbes story, Kanye’s net worth would have increased from $ 100 million to $ 1.3 billion thanks to his music and fashion careers. (Kanye claims the figure looks more like $ 5 billion.) Kim has seen her fortune go from $ 40 million in 2014 to $ 780 million, with her clothing and makeup brands on the rise.
The prenup guaranteed Kim $ 1 million for each year of marriage, according to previous reports. He also manages to save the gifts Kanye gave him. It’s unclear if this includes the “$ 5 million in art, nearly $ 4 million in vehicles and $ 3.2 million in jewelry,” according to Forbes, which they own together.
“If they haven’t kept things separate, God knows what about accounting problems,” 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 find out what you’re doing.
This is what could be at stake in a Kim Kardashian-Kanye West divorce.
Kim’s business: more than $ 700 million
According to Forbes, most of Kim’s revenue comes from her KKW Beauty cosmetics line, which began in 2017. On January 5, Kim finalized a deal with Coty Inc., selling a 20% stake in KKW to $ 200 million. (Previously it had a 72% stake, worth $ 500 million, in the brand, according to Forbes).
In 2019, its Skims clothing line earned $ 5 million in funding and, just minutes after launch, racked up $ 2 million in sales.
According to reports, the prenup indicates that “the money she earns with … Kardashian’s clothing line and promotional appearances will be considered her single, separate income.” That language could keep Kanye from claiming his business, said Aimee Gold, a high-profile family lawyer in Los Angeles.
There could be a language in the couple’s prenup that says, “no goodwill,” meaning there are no capital letters. [shared] name, “Gold said.” That means just because [her] the surname is West ”, and the company is KKW,“ this does not give it access ”.
Kim’s reality world: millions
Late last year, it was announced that “Keeping Up With the Kardashians,” the reality show that gave Kim and her family a name, would be ending on E! network in 2021 after 20 seasons on air.
Although Kanye was originally wary of appearing on the show, he has made several cameos over the years, including recording his engagement at Oracle Park and the period prior to his wedding. His children also often appear, especially the north.
But the prenup is said to indicate that she earns the money Kim earns from the program.
She and her sisters and her mother, Kris Jenner, signed a multi-year agreement with Disney to create exclusive content that will air exclusively on Hulu in the United States.
Custody of his four children
Kim and Kanye are the parents of daughters North, 7, and Chicago, who turns 3 this month, and sons Saint, 5, and Psalm, 1. According to reports, the couple’s prenup does not contain any agreement. of custody, as consistent with California law.
Gold said the courts are likely to start with both parents receiving “50/50” physical custody. But each camp could litigate longer if it proves a situation would be “harmful to the child,” as if one parent was off tour for a year, Gold said.
”If you file for divorce in California, neither party will be able to take the children [out of state] without the other [parent’s] permission, “added attorney Mannis.” Often, there’s an argument about that in celebrity cases. “
When both parents have extremely high incomes, child support negotiation can be particularly “weird,” he said. But don’t expect Kim or Kanye to face that fight. “It’s bad publicity.”
California Properties: $ 78 million
After buying a house in Calabasas, California, for $ 40 million, Kim and Kanye would have spent $ 20 million on renovations.
“All we do is an art installation and a game room,” Kanye told Architectural Digest about the minimalist house, designed by Axel Vervoordt. The 4.5,000-acre 15,000-square-foot estate features cave-like corridors, two swimming pools and a vineyard. A single sink cost $ 30,000.
The couple also owns three adjacent properties, in addition to land near Palm Springs, California, bought in 2020 for $ 6.3 million.
“Kim is trying to get Kanye to give him the Pumpkins house …” a source told Page Six. “She owns all the land and adjacent land around the house, but Kanye owns the royal house.” According to The Post sources, this is unusual and can complicate a deal.
“Most business managers are pretty good” and don’t allow financial “financing” to be, ”Mannis explained.
Engagement ring: $ 1.3 million
According to reports about the couple’s prenup, Kim manages to save the gifts Kanye gave her, including her 15-carat engagement ring Lorraine Schwartz, which was worth about $ 2 million.
To be clear, this is the ring he used to propose to 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” at the Jumbotron. Not to be confused with his second $ 4.5 million ring, which was stolen in a robbery in Paris.
Over the years, according to Page Six, Kanye has given his wife at least $ 350,000 in Cartier bracelets, a Hermès Birkin bag painted by artist George Condo – and another painted by his daughter North – and a choker. of one-million-dollar diamonds. There’s also the custom Mercedes SUV, which is worth more than $ 227,000, and a plethora of stocks.
Kanye companies: up to $ 5 billion
Kanye began designing sneakers in 2009, and soon turned to clothing. The Yeezy brand is a phenomenon, with $ 1.5 billion in sales in 2019. It owns 100 percent of its company, but has a deal to sell its sneakers through Adidas. In June, it announced a ten-year deal with Gap and claimed it was raising its net worth to $ 5 billion. It is not known if Kim has a stake in his business.
The rapper has released nine albums for 17 years through Roc-a-Fella Records. Although he had promised an album in 2020, he refused and claimed that his record deal was a form of “current slavery”.
According to leaked documents, Kanye was paid $ 11 million for the 2013 “Yeezus” records and $ 6 million for the 2016 “Life of Paul” records.
His own label, GOOD Music, has released music by Big Sean, John Legend and Kid Cudi.
Kanye Wyoming Complex: $ 30 million
In 2019, Kanye spent $ 14 million on a ranch in Cody, Wyo. It was approved to build a 52,000-square-foot home with an underground garage, but was denied permission to build an amphitheater, according to AP.
Kanye was on the ranch, recording his tenth album, yet to be released, when he launched his Twitter run against Kim and his family in July, prompting friends like Dave Chappelle to get in touch with him.
Since then, it has been reported that Kanye has stayed primarily at the ranch. He also owns a $ 15 million ranch in Greybull, Wyo., And a warehouse in Cody. It is not known if Kim’s name appears on the facts.