I am sure pretty everyone knows Kim Kardashian and Kanye West are rich and of course as most marriages amongst the rich go there is most likely a pre-nup in place. Now that divorce rumours are circulating, questions around their pre-nup and how their assets may be divided are being asked and as it turns out their pre-nup situation is a little complex.
Why may the prenup between Kanye and Kim no longer be valid?
Both Kanye and Kim have impressive fortunes, Kanye is thought to be worth $1.26 billion mainly from his Yeezy clothing brand while Kim Kardashian is worth $750 million according to Forbes from a combination of KKW Beauty, her reality TV show and other investments. However the two have been married since May 2014 and a lot has changed since, raising the question of whether the new assets they have acquired will split.
Kardashian was worth $100 million at the time of marriage and West was worth $30 million
According to Nicki Swift, West was worth $100 million and Kardashian was worth $30 million when wed. West was clearly the richer of the two back then so when the prenup was signed, it was agreed that in the event of a divorce he would give her $1m for each year of marriage for the first 10 years.
Their higher assets could make the prenup void
Of course both earn significantly more raising the question around whether the pre-nup will be enforced and if so how? According to the Mirror, in November 2019 they described the prenup as worthless. Speaking to Nicki Swift, divorce lawyer Christina Previte shed more light:
“It is true that both of their financial circumstances have improved significantly since they were first married. However, it remains to be seen what their financial circumstances will be if they get a divorce.”
"If the agreement no longer makes sense — which would be the case if Kardashian’s earnings outpace or even match her husband’s — a judge has the discretion to ignore the order. If the two did get divorced, here is how much the two parties could walk away with and where there may be disputes. "
What are their assets now and how might they be divided?
Kanye's net worth now - $1.26bn
Kanye’s $1.26 billion assets are pretty much tied into his business Yeezy which is pretty illiquid. He owns 100% of his shoe brand known for the chunky sneakers and the value of the company is tied to Adidas.
West gets 11% of Yeezy’s annual revenue which was roughly $1.3 billion in 2019. Forbes thinks that the brand is worth $1.26 billon as at April 2020.
Kim Kardashian's net worth now - $750 million
Kim Kardashian West’s fortune may be smaller but is way more liquid. The bulk of her fortune, roughly $500 million is in her KKW beauty brand in which she holds 72% stake.
She sold roughly 20% of the brand to Coty last year meaning she has another $200 million in cash-like assets.
Alongside this she made money from starring in Keeping Up with the Kardashians, her mobile App called Kim Kardashian: Hollywood and various other modelling and endorsements equating to another $50 million.
Kanye and Kim's potential joined net worth - $70 million
Forbes estimates that this leaves $70 million of assets which are shared and have number of mortgages.
According to Forbes; “This includes their Calabasas mansion in Los Angeles county, Miami condo and two ranches in Wyoming. There’s also $5 million in art, nearly $4 million in vehicles, $3.2 million in jewellery and even $300,000 worth of livestock that could be co-owned by the couple.“
Will they fight over their assets during their divorce?
Wow – that is a lot. Let’s face it, the two are so rich you would think they wouldn’t be fighting over such matters unless of course these things hold sentimental value like their calabasas home. However we could be wrong.