It’s the end of Kimye. Kim Kardashian and Kanye West’s divorce is official after the Keeping Up With the Kardashians star filed to divorce the Yeezy founder on Friday, February 19, after seven years of marriage.
According to TMZ, Kim is asking for joint physical and legal custody of her and Kanye’s four children: North, Saint, Chicago and Psalm. Sources told the site that Kanye is “fine” with the custody agreement and the couple are “committed” to co-parenting together. TMZ also reported that Kim and Kanye have a prenup and neither party is contesting the document. According to the site’s sources, Kanye and Kim are already “far along” in the divorce process and are close to a property settlement agreement.
News of Kanye and Kim’s divorce comes after Us Weekly reported in July 2020 that Kim had met with a divorce lawyer after Kanye claimed at a presidential campaign rally in South Carolina that the couple almost aborted their first child, North, when Kim was pregnant in 2012. (Kim is represented by Laura Wasser, who inspired Laura Dern’s character in A Marriage Story.)
“They are keeping it low-key but they are done,” a source told Page Six in January 2021. “Kim has hired Laura Wasser and they are in settlement talks.” What will those settlements look like? Well, we likely will never know for sure, as Kim and Kanye’s divorce will most likely be a private court case. Still, there are some reports about their prenup that can give insight into what their post-divorce lives will look like.
Source: Instagram
It’s unclear what Kim and Kanye’s prenup looks like, but according to a 2014 report by Radar Online, the couple signed a prenuptial agreement in March 2014, about two months before they wed in Florence, Italy, in May 2014. Per Radar Online, Kim will receive $1 million for every year she’s married to Kanye with a cap of $10 million. If this report is correct, Kim stands to receive $6 million from Kanye. Per Radar Online, Kim and Kanye also don’t have a custody clause for their kids in the event of a divorce.
“The entire process for the prenup for Kim and Kanye has been extremely easy, and relatively drama free,” a source told Radar Online at the time before referencing Kim’s previous ex-husband, Kris Humphries. “Kanye didn’t even think the couple needed a prenup, and was ready to give Kim carte blanche to all of his financial assets. Yes, he loves Kim that much. There is a huge difference from Kim’s prenup with Kris Humphries…the preparation of their agreement went on for several months. It was long and tedious.”
Radar Online also reported that one of Kanye’s life insurance policies is worth $20 million and that Kim will remain as a beneficiary of the policy for life, even if she and Kanye divorce. At the time of the report, Kanye was worth $100 million, while Kim had a net worth of $40 million. However, things have changed over the years. As of 2020, Kim is worth $780 million after she sold 20 percent of her cosmetics company, KKW Beauty, and perfume brand, KKW Fragrance, to Coty, according to Forbes. As for Kanye, Forbes reported in 2020 that Kanye still makes more than Kim with a $1.3 billion net worth (which is $300 million more than Kim’s younger sister Kylie Jenner.)
According to Page Six’s January 2021 report, Kim will be able to keep any gifts Kanye gave her during their marriage, according to their prenup. Those gifts include $5 million in art, $4 million in cars and $3.2 million in jewelry, according to Forbes. “If they haven’t kept things separate, God knows what happens with the accounting issues,” Beverly Hills lawyer Joseph Mannis of Hersh Mannis LLP told Page Six. “That could be a gigantic pain in the neck to figure out what you’re doing.”
Other assets of Kim and Kanye include their $40 million Calabasas home, their $6.3 million Palm Springs home, Kanye’s $14 million Cody, Wyoming, ranch, Kanye’s $15 million Greybull, Wyoming, ranch, and Kim’s $1.3 million wedding ring. Kim’s businesses, which include KKW Beauty, KKW Fragrance and Skims, are worth a $700 million, according to Page Six. Kanye’s Yeezy brand, on the other hand, is worth $5 billion.
Though Radar Online’s report about Kim and Kanye’s prenup seems super specific, a source for E! News denied the details of the agreement in 2014.” That’s all wrong,” the insider said. “Whether or not Kim and Kanye have a prenup is a private matter and any speculation is just that.”
Kim and Kanye have never spoken publicly about their prenup. The closest information fans have received is from Kanye’s 2004 song “Gold Digger,” in which he raps: “If you ain’t no punk holla, ‘We want prenup, We want prenup!’ Yeah, it’s something that you need to have, ’cause when she leave yo ass she gone leave with half.”
According to Page Six, Kim and Kanye are in “settlement talks” over how to divide their multi-million-dollar Calabasas, California mansion. The couple bought the home for $40 million before spending another $20 million in renovations. “Kim is trying to get Kanye to turn over the Calabasas house to her, because that’s where the kids are based and growing up. That is their home,” the source said. “She owns all the land and adjoining lots around the house but Kanye owns the actual house. They’ve both put a lot of money into renovating it.”
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