Kim Kardashian and Kanye West have finally reached a divorce settlement, and the details have revealed that Kim is set to receive $200k a month in child support.
Negotiations have been ongoing since the pair first announced their divorce back in February 2021. Since then, it has been a rollercoaster, and was even set to go to trial on December 14 prior to the settlement being reached.
Kanye has spent much of the last 2 years lashing out against Kim and her romantic relationships, namely with Saturday Night Live star Pete Davidson. The ‘Gold Digger’ rapper’s complaints included not being invited to their children’s birthday parties and other events, as well as not being allowed to partake in parenting decisions.
One source states: “Kim’s patience was tested, but she handled things calmly and ultimately Kanye came around.”
Then, in March earlier this year, Kim went to court and obtained an official decree ending their marriage. This reinstated the star’s name to just Kim Kardashian, and hence removing Kanye’s ‘West’ from the end. It also confirmed Kim to be legally single.
However, the latest news marks an end to the lengthy divorce process. TMZ broke the news that the pair had finally come to an agreement, in which they have settled on Kanye paying Kim $200k per month for child support. This must be in her account by the first of every month.
He is also responsible for half of their education expenses, including school tuition fees, as well as half their security expenses. They will continue to share custody with “equal access”.
Sources close to the stars have revealed that, in reality, Kim will have the kids for the majority of the time. However, following the details of the settlement, Kanye was spotted picking up their eldest child, North, from school.
Further details revealed that the divorce stipulates the pair must attempt to mediate if there is ever a dispute in regard to their kids. Then, if one party refuses to engage in this mediation, the other party will get to make the decision via default.
Their assets are being divided as per their prenup, which also showed that the pair have waived spousal support.
The divorce settlement comes at the end of a tumultuous year for Kanye, who has faced a backlash against his erratic behavior and anti-Semitic statements.
Forbes reports that when the pair first announced their divorce in 2021, Kim and Kanye had combined assets of $2.1 billion, with Kanye’s net worth outweighing Kim’s at $1.3 billion. However, following the forty-five-year-old rapper’s scandal-filled year, sportswear brand Adidas broke ties with the star, which lost him his billionaire status. His fortune has now reportedly dipped to just $400 million.
Kim, on the other hand, officially became a billionaire back in April, with an estimated current net worth of $1.8 billion.
The couple initially began dating way back in 2012, and their first child, North, was born in 2013. Kanye then proposed later that year, with the pair officially tying the knot in 2014 in a wedding ceremony in Florence, Italy.