It’s official: After months of speculation, Kim Kardashian has filed for divorce from her husband of seven years, Kanye West. TMZ first reported the news on Friday, and a representative for Kardashian confirmed. The divorce is amicable, and Kardashian requested joint legal and physical custody of their four children.
The pair had signed a prenuptial agreement, which will make the splitting up of their $2.1 billion combined assets much easier. Both independently own and operate their own businesses—West’s Yeezy and Kardashian’s KKW Beauty—and will likely retain ownership, as well as any income from those endeavors. Things get more complicated when it comes to their shared real estate and toys—including their Calabasas mansion, with an estimated $30,000 bathroom sink—but those items make up less than 5% of their collective assets.
The filing comes after a tumultuous six months for the beauty magnate and sneaker mogul in which their marital problems have been made public on social media while West fanned further controversy with an ill-fated presidential bid. The pair has been living separately—Kardashian in Calabasas, California, with the kids and West in Wyoming—for months. They have also been in therapy and have been discussing a possible split off and on for the past year.
Kanye West: $1.3 billion
West is the richer of the pair, but much of his net worth is tied up in his illiquid apparel company.
Yeezy: $1.26 billion
The crown jewel of his fortune, West owns 100% of his shoe brand, which is known for its chunky sneakers that cost upwards of $200 a pair. The company’s value is bound to Adidas, which manufactures, markets and distributes the shoes. In a model similar to a royalty stream, West collects about 11% of Yeezy’s annual revenue, which was about $1.3 billion in 2019. Using a conservative multiple, Forbes estimated in April 2020 that the brand is worth $1.26 billion.
Kim Kardashian West: $780 million
Kardashian West might have less than her husband, but her fortune is much more liquid—and less dependent on the trendiness of her brand and the whims of consumers.
KKW Beauty: $500 million
Similar to West, the bulk of Kardashian’s fortune sits in a brand with her name on it. Forbes estimated in October that West’s 72% stake in her cosmetics company KKW Beauty is worth about $500 million.
Cash and other investments: $250 million
Kardashian earned millions from 13 years of starring on Keeping Up With the Kardashians, her mobile app Kim Kardashian: Hollywood and various modeling and endorsement gigs. But her biggest payday came when she sold 20% of KKW Beauty to cosmetics giant Coty COTY +7.7% for $200 million in cash last year.
What that leaves: $70 million
The pair owns a number of homes—and have a number of mortgages—together, including a Calabasas mansion in Los Angeles County, Miami condo and two ranches in Wyoming. According to documents West sent Forbes last year, there’s also $5 million in art, nearly $4 million in vehicles, $3.2 million in jewelry and even $300,000 worth of livestock that could be co-owned by the couple. Who gets what will be dependent on the terms of their prenup and whatever settlement their lawyers can negotiate. For now, we’ve assumed they’ve split it equally. What we can say with certainty: Neither party will walk away wanting for much.