This week, Page Six reported that Kim Kardashian West intends to file for divorce from Kanye West after six years of marriage. While they are said to have a prenuptial agreement, the couple’s situation has vastly changed since their lavish wedding in Italy.
According to an April Forbes story, Kanye’s net worth has reportedly shot up from $100 million to $1.3 billion, thanks to his music and fashion careers. (Kanye claims the figure is more like $5 billion.) Kim has seen her fortune go from $40 million in 2014 to $780 million, with her shapewear and makeup brands on the rise.
The prenup guarantees Kim $1 million for every year of marriage, according to previous reports. She also gets to keep any gifts Kanye gave her. It’s unclear if that includes the “$5 million in art, nearly $4 million in vehicles and $3.2 million in jewelry” Forbes has reported they own together.
“If they haven’t kept things separate, God knows what happens with the accounting issues,” said Beverly Hills lawyer Joseph Mannis of Hersh Mannis LLP, which counts Halle Berry and Tim Burton as clients. “That could be a gigantic pain in the neck to figure out what you’re doing.
Here’s what could be at stake in a Kim Kardashian-Kanye West divorce.
According to Forbes, the bulk of Kim’s income comes from her KKW Beauty cosmetics line, which she started in 2017. On Jan. 5, Kim finalized a deal with Coty Inc., selling a 20 percent stake of KKW for $200 million. (She previously owned a 72 percent stake, worth $500 million, in the brand, according to Forbes.)
In 2019, her Skims shapewear line earned $5 million in funding and, within minutes of launching, raked in $2 million in sales.
The prenup reportedly states that “Money she earns from … the Kardashian clothing line and promotional appearances, will be considered her separate and sole income.” This language could prevent Kanye from making a claim on her businesses, said Aimee Gold, a high-profile family lawyer in Los Angeles.
There could be language in the couple’s prenup that says, “ ‘no good will,’ which means there is no capitalization on their [shared] name,” Gold said. “That means just because [her] last name is West” — and the company is KKW — “that doesn’t give him any access.”
Late last year, it was announced that “Keeping Up With the Kardashians” — the reality show that made Kim and her family household names — would be wrapping up on the E! network in 2021 after 20 seasons on the air.
Though Kanye was originally wary about appearing on the show, he’s made several cameos through the years, including taping their engagement at Oracle Park and the lead up to their wedding. Their children, especially North, often appear too.
But the prenup reportedly states that any money Kim earns from the show, she keeps.She and her sisters and mother, Kris Jenner, signed a multi-year deal with Disney to create new exclusive content that will air exclusively on Hulu in the US.
Kim and Kanye are parents 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 agreement, as is consistent with California law.
Gold said the courts will likely start with both parents getting “50/50” physical custody. But each camp could litigate for more time if they prove that a situation would be “detrimental to the kid,” like if one parent will be away on tour for a year, said Gold.
”If you file a divorce case in California, neither party can take the kids [out of state] without the other [parent’s] permission,” added lawyer Mannis. “Oftentimes, there’s an argument 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 that Kim or Kanye would take up such a fight. “It’s bad publicity.”
After purchasing 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 told Architectural Digest about the minimalist manse, designed by Axel Vervoordt. The 15,000-square-foot, 4.5-acre estate boasts cave-like hallways, 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, Calif., bought in 2020 for $6.3 million.
“Kim is trying to get Kanye to turn over the Calabasas house to her…,” a source told Page Six. “She owns all the land and adjoining lots around the house but Kanye owns the actual house.” Sources told The Post this is unusual and may complicate a settlement.“Most business managers are pretty good” and don’t allow financial “comingling,” explained Mannis.
According to reporting on the couple’s prenup, Kim gets to keep any gifts Kanye gave her — including her 15-carat Lorraine Schwartz engagement ring, said to be worth some $2 million.
To be clear, this is the ring he used to propose to her in front of friends and family when he rented out San Francisco’s AT&T Stadium, complete with the Chicago Symphony performing and the message ”PLEEEASE MARRY MEEE” on the Jumbotron. Not to be confused with her second, $4.5 million ring, which was stolen in a Paris heist.
Over the years, Page Six has reported, Kanye has gifted his wife with at least $350,000 in Cartier bracelets, an Hermès Birkin bag painted by artist George Condo — and another painted by their daughter North — and a $1 million diamond choker. There’s also the custom Mercedes SUV, worth more than $227,000, and a plethora of stocks.
Kanye began designing sneakers in 2009, soon branching out to clothing. The Yeezy brand is a phenomenon, with $1.5 billion in sales in 2019. He owns 100 percent of his company, but has a deal to sell his sneakers through Adidas. In June, he announced a 10-year deal with Gap, and claimed it elevated his net worth to $5 billion. It’s not known if Kim owns a stake in his business.
The rapper has put out nine albums over 17 years through Roc-a-Fella Records. Though he had promised an album in 2020, he then refused, claiming that his record contract was a form of “modern-day slavery.”
According to documents he leaked, Kanye was paid $11 million for 2013’s “Yeezus” and $6 million for 2016’s “The Life of Pablo” albums.
His own label, G.O.O.D. Music, has released music from Big Sean, John Legend and Kid Cudi.
In 2019, Kanye spent $14 million on a ranch in Cody, Wyo. He was approved to build a 52,000-square-foot home with underground garage, but denied a permit to build an amphitheater, according to AP.
Kanye was at the ranch, recording his yet-to-be-released tenth album, when he unleashed his Twitter tirade against Kim and her family in July, prompting friends including Dave Chappelle to fly in and check on him.
Since then, it’s been reported that Kanye has mostly stayed at the ranch. He also owns a $15 million ranch in Greybull, Wyo., and a warehouse in Cody. It’s not known if Kim’s name is on the deeds.
Who will get what if Kim Kardashian and Kanye West divorce The British Journal Editors and Wire Services/ Page Six.