If ever a complex situation existed in the wake of a divorce, the breakup of Kim Kardashian and Kanye West is a prime example. While most New Jersey couples have property division, support and child custody issues to resolve, Kim and Kanye each have empires of individual and joint assets to divide. They also have four children and their public reputations to protect.
The power couple’s breakup is among the few recent high-profile divorces that has a prenuptial agreement in place. Some predict this agreement will keep the assets from Kim’s reality TV shows and Kanye’s music career and clothing line of the table during asset division. Nevertheless, after seven years of marriage and ongoing ventures, the two have amassed a joint fortune estimated at well over $2 billion.
Splitting the assets
Like many celebrity couples, the luxurious lifestyle of Kim Kardashian and Kanye West is one of the reasons the public finds them interesting. Since their marriage, the two have acquired numerous vehicles and several homes. In one mansion, the bathroom sink alone is worth $30,000. Additionally, they own livestock, which is often difficult to valuate, real estate, art and jewelry, among other assets.
As with any divorce, the tone this couple takes with each other throughout the process will likely make a difference in the outcome. Remaining civil and building a legal strategy may allow them to resolve their issues quickly and move on with their lives as cordial co-parents. The goal for many high-asset divorces is to minimize controversy and contention to avoid burning through a fortune with legal fees and other expenses.