PHOTO: Kim and Kanye
2021 has started with it’s first A-list celebrity couple close to parting ways, as Kim Kardashian West and Kanye West are reportedly close to filing for divorce.
The high-profile couple are going to call it quits after six years, according to Page Six. The pair have four children, but appear to be leading very different lives.
Kardashian West is reportedly intent on continuing to work on her prison reform project, while West’s political ambitions, including a bid to become President, have kept him rather busy.
Other sources have told the NY Post that Kanye West has become increasingly frustrated with the Kardashian family’s reality TV star lifestyle.
But what inquiring property minds really want to know is this: How will their massive real estate portfolio be divided?
Jennifer Lenz, a real estate agent at Dolly Lenz Real Estate in New York City, has been privy to many high-profile splits and told Realtor that divorce settlement details typically hinge on the prenups and other contractual obligations that were in place before the marriage.
“However, most prenup terms well exceed the final settlement in order to get a sign-off on the divorce, and the properties are divvied up to avoid the appearance of a fire sale,” Ms Lenz told Realtor.
For example, one billionaire couple that Lenz’s firm worked with had a $10 million prenup, but the ex-wife was able to get a $60 million settlement to secure her signature – which included two homes and money to start a new business venture.
In the case with Kim and Kanye however, money like this is probably no big object. Kardashian West is the richest of her famous family, and the couple’s combined wealth exceeds US$3 billion.
California divorces sometimes turn out to be quite equitable as all assets acquired during the marriage are to be divided 50/50. In California, division of homes purchased while together belong to both parties and are divided equally as well, according to Bruce Ailion, a real estate agent in Atlanta.
We take a look at Kim and Kanye West’s biggest real estate assets, and how the properties may be divided.
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