American reality TV star Kim Kardashian has divorced her husband, rapper and entrepreneur Kanye West, according to several American media, after weeks of speculation about a likely separation. Now, both will have to understand the finances of the break-up, as they have a lot to lose and a lot to gain.
Kim Kardashian and Kanye West made their divorce official on Friday, after seven years of marriage. According to the rapper, there is a very specific reason for the separation. The couple owns a number of homes and has a number of mortgages together, including a Calabasas mansion in Los Angeles County, a condo in Miami and two ranches in Wyoming.
According to documents that West sent to Forbes last year, there is also $5 million (2.7 billion FCFA) in art, nearly $4 million (over 2.1 billion FCFA) in vehicles, $3.2 million (1.7 billion FCFA) in jewellery and even $300,000 (over 162.3 million FCFA) in livestock. Who will get what? That will depend on the terms of their agreement and any settlement that their lawyers can negotiate.
According to Forbes, Kim Kardashian and Kanye West potentially have a pre-nuptial agreement, which means that their personal brands and businesses cannot be affected by the divorce. This is particularly good for Kanye, as the « Yeezy » brand is worth $1.25 billion (FCFA 676.6 billion), which coincidentally is also Kanye’s total net worth. As for Kim, it is worth 750 million dollars (406 billion FCFA), a large part of which is linked to KKW Beauty and its various media activities.
As Forbes notes, this now means that there is $70 million (FCFA 38 billion) to be earned. This money comes from various assets, including real estate, artwork and even jewellery. At this stage, it remains to be seen who will get these assets, and whether or not they were part of a possible prior agreement, to begin with.
With respect to their four children, Kim and Kanye have agreed to be co-parents and will be going through joint custody. They live alone at this stage, and the divorce is obviously amicable.