Here's What Kim And Kanye's Prenup Will Get Them

It was a split heard 'round the world. Only a mere five days after Valentine's Day 2021, TMZ reported that Kim Kardashian officially filed for divorce from her reportedly estranged husband Kanye West

Rumors of their divorce first began in August 2020 following West's presidential bid and Twitter tirades. West was previously diagnosed with bipolar disorder, and Kardashian has spoken out about trying to connect with West during difficult episodes. Through all of the couple's ups and downs, they have both put their four children first.

Per Page Six, Kim stopped wearing her wedding ring in January 2021, and West had relocated to his Wyoming ranch full-time. Now Kardashian is pulling the plug on their seven-year marriage. She reportedly retained divorce attorney Laura Wasser, who is known to "advocate for her clients to negotiate and agree on a confidential settlement before any divorce papers are filed in court," according to Page Six, ensuring that financial details remain private and not public record. Yet it seems Kardashian might have just circumvented that. 

So what do we know about this power couple's prenuptial agreement? Keep scrolling to find out! 

Kim Kardashian and Kanye West are keeping it simple

According to TMZ, the couple might have already settled the finances of their split. Kim Kardashian and Kanye West had a prenuptial agreement prior to their lavish 2014 wedding, and sources state that neither partner is contesting it. The exes are even seeking a joint custody arrangement, while also "already far along in reaching a property settlement agreement," the outlet reported. 

Since their prenup, both stars now boast more assets. West's $14 million Wyoming ranch is one of the couple's many shared properties, plus their Hidden Hills home that is now worth an estimated $60 million after renovations. A source told Page Six that Kardashian is "trying to get Kanye to turn over the Calabasas house to her because that's where the kids are based." The unnamed source also confirmed that Kardashian owns "all the land and adjoining lots" to the property while West owns the house itself. 

What about the cash? Forbes deemed West a billionaire in April 2020; the publication also credits Kardashian's net worth at $780 million, a stunning increase from her original $30 million in funds before marrying West, as reported by Fox Business. 

A family attorney at New York City firm Aronson Mayefsky & Sloan speculated to Fox that Kardashian and West's current prenup would most likely ensure that "everything they came to the marriage with... they would leave with." New ventures would "be off the table," and neither are expected to seek spousal support. It's the end of an era. 

What will happen to Kim Kardashian and Kanye West's joint properties?

As mentioned above, while Kim Kardashian and Kanye West's prenuptial agreement may have already settled some of the finances, their joint properties remain up in the air. Kardashian and West own multiple properties, including their $60 million renovated home in Calabasas, Calif. and their $14 million ranch in Cody, Wyo.

West has previously mentioned his desire to indulge in real estate development. In July 2020, he tweeted a photo of the framework of a dome-like home. The famed rapper, fashion designer, and producer also expressed interest in building eccentric homes in a 2018 interview. "I'm going to be one of the biggest real-estate developers of all time, what Howard Hughes was to aircrafts and what Henry Ford was to cars," West told radio host Charlamagne Tha God (via Consequence of Sound). "We're gonna develop cities."

As Kardashian and West's marriage "komes to a klose," Kardashian's reportedly trying to get West to turn over their Calabasas home to her, a source tells Page Six: "That's where the kids are based and growing up. That is their home." Here's where things get tricky — Kardashian owns the land and adjoining lots, while West owns the house. Sherri Sharma, a family attorney at New York City firm Aronson Mayefsky & Sloan, speculated to Fox that if Kardashian and West cannot agree who will buy the other out, the home could possibly get sold. "Depending on how it's titled, it could be that certain assets acquired during the marriage would be considered 'marital property' in New York and in California, it would be 'community property' that would be divided equally." Yikes.

Kim Kardashian's business ventures could possibly be affected by the divorce

Kim Kardashian and Kanye West's prenuptial agreement could possibly affect the former's business ventures, too. Sherri Sharma, who represents neither party, speculated to Fox Business that the division of Kardashian's KKW Beauty and Skims shapewear brand entities would vary depending on their prenuptial agreement. Additionally, if the rapper helped his estranged wife launch her companies or consulted her in any way, he may be entitled to a percentage of her company.

"Let's assume that Kanye was involved, since he is also in fashion and perhaps was advising her as she was consulting in some ways," Sharma said. "My understanding is typically that can increase the percentage that someone is entitled to. That is the way it would work, at least in some states."

According to Sharma, West could possibly be entitled to half of the $100 million beauty brand if he contributed anything, per New York and California's marital laws. "That is messy because similar to the real estate we were discussing, he has to be bought out," she added. "And with a company, it's obviously more complicated than real estate so it has to be valued and it would require disclosing lots of financial documents and hiring a valuation expert to put a number on it."

However, there could be a silver lining for Kardashian. Sharma suggested the reality star negotiate with West under the argument that her Skims line isn't doing well amid competition and the COVID-19 pandemic. Clearly, the estranged lovers have a lot of work to do before their divorce is finalized.