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Kanye West, Kim Kardashian divorce reports: What’s at stake?
Kanye West threatens to end Adidas, Gap deals
Rapper Kanye West said he would ‘walk away’ from deals with Adidas and Gap during his first campaign event in North Charleston, South Carolina.
Kanye West and Kim Kardashian could potentially find themselves waging a financial war against each other after news of an "imminent" divorce started to make the rounds on Tuesday.
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"They are keeping it low-key but they are done," a source relayed to Page Six. "Kim has hired Laura Wasser and they are in settlement talks."
The named attorney, Wasser, has been on Kardashian's retainer since the reality star's split from Kris Humphries and the high-profile negotiator has also represented Angelina Jolie, Britney Spears and Johnny Depp, respectively.
Wasser often presses her clients to negotiate the terms of their splits prior to filing any official paperwork.
Forbes named West a billionaire in April, based on his stake in Yeezy.
The 43-year-old West had an estimated worth of around $100 million when in 2014 he married Kardashian, 40, whose wealth has also grown significantly in the years since — her fortune went from roughly $30 million that year to an estimated $370 million last summer, according to Forbes.
In June 2020, Forbes reported that Kardashian made $49.5 million in 2019, which landed her in the 48th spot on its list of highest celebrity earners.
However, Kardashian will likely see a significant boost to not only her ranking on the coveted highest-earners but her overall net worth, as she just announced that she has sold a 20% stake in her KKW Beauty line to Coty for $200 million.
KANYE WEST THREATENS TO BREAK WITH ADIDAS, GAP IF NOT NAMED TO THEIR BOARDS
The bulk of Kardashian’s wealth comes from her wildly popular cosmetics and fragrance company KKW Beauty, which generated about $100 million in sales in 2019.