Kim Kardashian and Kanye West pictured together in 2020
(Picture: PA)In 2005, Kanye West penned the immortal words: “If you ain't no punk holla ‘We want prenup, We want prenup!’ It's something that you need to have, ‘cause when she leave yo' ass she gone leave with half.”
Little did he know, less than ten years later he would marry a woman that would come to dwarf his wealth by the time the two divorced.
But West stuck to his lyrics, and so did his bride Kim Kardashian, which means now in 2022 the pair are both divorcing with prenuptial agreements in place.
What does this mean for the Kimye clan though, or their extensive property empire? Here’s a breakdown of everything we know, from who’s getting the Malibu beach house to who gets the CD rack (just kidding, Kim would never own something so cheugy).
The £200m property portfolio
Kim and Kanye own many of their properties separately, which, in tandem with the prenup, means things being separated is fairly cut and dry. Between them, the pair own 19 separate properties across a range of locations, including mansions, ranches, offices and empty plots of land in Calabasas.
The only notable property to change hands in the divorce settlement is the $4.5 million Calabasas house, owned by West, which directly neighbours Kardashian’s main residence, her $60 million Hidden Hills compound. The rapper acquired the 3,650 square foot, five bedroom home for himself amidst the couple’s separation period, during which he was spending the majority of his time at his ranch in Wyoming, but wanted to feel closer to the kids.
The property will now be signed over to Kardashian, who is reportedly likely to tear it down and use the land to expand her acreage, as it is already in need of extensive renovations.
But don’t worry, West still has plenty of places to live. As per the settlement agreement, he will keep his $57.3 million Malibu beach house that’s part mansion, part sculpture (how very Ye), his two ranches in Wyoming, a flat in Belgium, his childhouse house that he bought daughter Chicago, 300 spare acres in Calabasas and finally, his own Hidden Hills mansion, which is down the street from Kardashian.
According to court documents Kim K will be keeping her Hidden Hills compound, some nearby plots of land in residential areas, and her homes in Malibu and Idaho.
$200,000 a month in child support
Kardashian and West agreed to completely split custody of their four children, North, nine, Saint, six, Chicago, four, and Psalm, three. With joint legal and physical custody, Kardashian and West have equal access to their kids at all times but sources have told TMZ that they will reside with Kim for the majority of the time.
West will pay Kardashian $200,000 a month in child support, and all the rest of the children’s costs will be split evenly: each parent pays half the cost of their kids’ education, and half the cost of their private security. Kim and Kanye have also agreed to enter mediation should they ever have any disagreements that revolve around care of their children, which is useful considering the two have been rumoured to be on bad terms in recent months, communicating exclusively through their assistants.
The pair both waived rights to spousal support — financial support paid from one spouse to another — due to the conditions of their prenup (but also on account of them being billionaires, so they’re probably alright to get their own groceries for now).
And everything else?
The finer details of Kim and Kanye’s division of assets are yet to be revealed, but according to the Los Angeles Times the settlement does include their various personal belongings, such as furniture, vehicles, art, clothing, antiques, handbags and furs. That’s right, furs are specifically mentioned.
Given that Kanye owns not one but eight Sherps (all-terrain vehicles built in Ukraine, designed to plough through Siberian landscapes) — and that’s just part of his car collection — you can assume the division of assets will be almost as pricey as the parting of the property portfolio. Heck, imagine what Kim K’s bag and shoe collection is worth.
And it may surprise you, but the Kardashians are actually very big on art — especially modern pop art. Kris, Kendall and Kylie all have large neon Tracey Emin artworks in their houses, and when Khloe didn’t recognise a Jeff Koons balloon dog on an episode of Keeping Up With The Kardashians once, Kris Jenner famously told her: “You need to go to, like, an art class.” So between Kim and the even more artistic Kanye, there could be untold wealth in that art collection, which is now set to be halved.
However, given that the former couple have been in the process of divorcing for nearly two years, and separated for even longer, the assets are likely pretty split already. So yes, when Kim left, she left with half, but with her own private net worth eclipsing that of her ex-husband, we can be fairly certain she isn’t a gold digger.
