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High asset divorce: Prenup makes Kimye split easier

| Mar 25, 2021 | Divorce |

Celebrity married couples have a tough time keeping their private lives private. That’s especially true when power couples like Kim Kardashian and Kanye West decide to divorce. Many Virginia residents are likely aware of this spotlighted duo — known in the media as Kimye — and if there was ever a high asset divorce situation, this would be it. Kardashian filed for divorce in February.

Couple has billions in assets

Luckily, the soon-to-be former marrieds are going through a relatively amicable divorce, according to Kardashian’s spokesperson. The have combined assets in excess of $2 billion. West, in fact, is worth more monetarily than Kardashian — more than $1 billion thanks to his Yeezy and illiquid brands. Kardashian owns and manages KKW Beauty, worth about $500 million and has earned millions from her long-running reality television show.

Own property jointly

Things may get a little complicated when it comes to their joint ownership of property in California, Florida and Wyoming. The two have been separated for some time with West living at their Wyoming estate and Kardashian and their four children living at their mansion in Calabasas. The jet-set couple made no bones about seeking therapy for their marital issues and how West’s mental health issues played into the problems the couple have faced.

A high asset divorce can be particularly difficult to go through. Getting a fair settlement for each party may create a lot of added stress. The best thing for a Virginia couple sharing many assets to do is to get independent legal advice from an attorney who is experienced in these types of complicated divorce cases.