This week, Page Six reported that Kim Kardashian West intends to file for divorce from Kanye West after six years of marriage. While they’re acknowledged to have a prenuptial settlement, the couple’s state of affairs has vastly modified since their lavish bridal ceremony in Italy.
According to an April Forbes story, Kanye’s net worth has reportedly shot up from $100 million to $1.3 billion, due to his music and development careers. (Kanye claims the decide is additional like $5 billion.) Kim has seen her fortune go from $40 million in 2014 to $780 million, collectively along with her shapewear and make-up producers on the rise.
The prenup ensures Kim $1 million for years of marriage, based mostly on earlier experiences. She moreover will get to take care of any gadgets Kanye gave her. It’s unclear if that options the “$5 million in art, nearly $4 million in vehicles and $3.2 million in the jewelry” Forbes has reported they private collectively.
“If they haven’t kept things separate, God knows what happens with the accounting issues,” acknowledged Beverly Hills lawyer Joseph Mannis of Hersh Mannis LLP, which counts Halle Berry and Tim Burton as customers. “That may presumably be a giant ache throughout the neck to find out what you’re doing.
Here’s what may presumably be at stake in a Kim Kardashian-Kanye West divorce.
Kim’s enterprise: $700+ million
According to Forbes, nearly all of Kim’s income comes from her KKW Beauty cosmetics line, which she started in 2017. On Jan. 5, Kim finalized a maintain Coty Inc., selling a 20 p.c stake of KKW for $200 million. (She beforehand owned a 72 p.c stake, worth $500 million, throughout the mannequin, based mostly on Forbes.)
In 2019, her Skims shapewear line earned $5 million in funding and, inside minutes of launching, raked in $2 million in product sales.
The prenup reportedly states that “Money she earns from … the Kardashian clothesline and promotional appearances, will be thought of as her separate and sole revenue.” This language might cease Kanye from making a declare on her corporations, acknowledged Aimee Gold, a high-profile family lawyer in Los Angeles.
There may presumably be language throughout the couple’s prenup that claims, “ ‘no goodwill,’ which means there is no capitalization on their [shared] name,” Gold acknowledged. “That means just because [her] the last name is West” — and the company is KKW — “that doesn’t give him any access.”
Kim’s actuality TV world: Millions
Late closing yr, it was launched that “Keeping Up With the Kardashians” — the reality current that made Kim and her family household names — might be wrapping up on the E! group in 2021 after 20 seasons on the air.
Though Kanye was initially cautious about displaying on the current, he’s made quite a few cameos by means of the years, along with taping their engagement at Oracle Park and the lead as a lot as their bridal ceremony. Their youngsters, significantly North, sometimes appear to.
But the prenup reportedly states that any money Kim earns from the current, she retains.
She and her sisters and mother, Kris Jenner, signed a multi-year maintain Disney to create new distinctive content material materials that will air fully on Hulu throughout the US.
Custody of their 4 kids
Kim and Kanye are mom and father to daughters North, 7, and Chicago, who turns 3 this month, and sons Saint, 5, and Psalm, 1. The couple’s prenup reportedly contains no custody settlement, as is based on California laws.
Gold acknowledged the courts will most likely start with every mom and father getting “50/50” bodily custody. But each camp might litigate for additional time if they present state of affairs might be “detrimental to the kid,” like if one father or mom will be away on tour for a yr, acknowledged Gold.
”If you file a divorce case in California, neither event can take the children [out of state] with out the other [parent’s] permission,” added lawyer Mannis. “Oftentimes, there’s an argument about this in celebrity cases.”
When every mom and father have terribly extreme incomes, negotiating infant assist will be considerably “bizarre,” he acknowledged. But he doesn’t anticipate that Kim or Kanye would take up such a wrestle. “It’s bad publicity.”
California properties: $78 million
After shopping for a Calabasas, Calif., home for $40 million, Kim and Kanye reportedly spent $20 million on renovations.
“Everything we do is an art installation and a playroom,” Kanye instructed Architectural Digest regarding the minimalist manse, designed by Axel Vervoordt. The 15,000-square-foot, 4.5-acre property boasts cave-like hallways, two swimming swimming pools, and a vineyard. A single sink worth $30,000.
The couple moreover owns three adjoining properties, along with land near Palm Springs, Calif., bought in 2020 for $6.3 million.
“Kim is trying to get Kanye to turn over the Calabasas house to her…,” a provide instructed Page Six. “She owns all the land and adjoining lots around the house but Kanye owns the actual house.” Sources instructed The Post that’s unusual and would possibly complicate a settlement.
“Most business managers are pretty good” and don’t allow financial “comingling,” outlined Mannis.
Engagement ring: $1.3 million
According to reporting on the couple’s prenup, Kim will get to take care of any gadgets Kanye gave her — collectively along with her 15-carat Lorraine Schwartz engagement ring, acknowledged to be worth some $2 million.
To be clear, that’s the ring he used to recommend to her within the entrance of his mates and family when he rented out San Francisco’s AT&T Stadium, filled with the Chicago Symphony performing and the message ”PLEEEASE MARRY MEEE” on the Jumbotron. Not to be confused collectively along with her second, $4.5 million rings, which was stolen in a Paris heist.
Over the years, Page Six has reported, Kanye has gifted his partner with a minimal of $350,000 in Cartier bracelets, an Hermès Birkin bag painted by artist George Condo — and one different painted by their daughter North — and a $1 million diamond choker. There’s moreover the personalized Mercedes SUV, a worth higher than $227,000, and a plethora of shares.
Kanye’s corporations: as a lot as $5 billion
Kanye began designing sneakers in 2009, rapidly branching out to garments. The Yeezy mannequin is a phenomenon, with $1.5 billion in product sales in 2019. He owns 100 p.c of his agency, nonetheless, has a deal to advertise his sneakers by means of Adidas. In June, he launched a 10-year to maintain Gap and claimed it elevated his net worth to $5 billion. It’s not acknowledged if Kim owns a stake in his enterprise.
The rapper has put out 9 albums over 17 years by means of Roc-a-Fella Records. Though he had promised an album in 2020, he then refused, claiming that his file contract was a sort of “modern-day slavery.”
According to paperwork he leaked, Kanye was paid $11 million for 2013’s “Yeezus” and $6 million for 2016’s “The Life of Pablo” albums.
His private label, G.O.O.D. Music has launched 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, Wyo. He was approved to assemble a 52,000-square-foot home with underground storage, nonetheless, denied the enable to assemble an amphitheater, based mostly on AP.
Kanye was on the ranch, recording his yet-to-be-released tenth album, when he unleashed his Twitter tirade in opposition to Kim and her family in July, prompting mates along with Dave Chappelle to fly in and check on him.
Since then, it’s been reported that Kanye has principally stayed on the ranch. He moreover owns a $15 million ranch in Greybull, Wyo., and a warehouse in Cody. It’s not acknowledged if Kim’s title is on the deeds.