The 33-year-old reality TV star - who gave birth to the couple's first child North last summer - will received one million dollars from the rapper for each year they are wed in the event of a split, according to RadarOnline, which also reports the negotiations have been drama free as Kanye didn't even want a prenup.
They also have not put a custody clause in the contract.
Casual: Kim Kardashian was spotted in her gym
gear on Friday after it was revealed that she and Kanye West have come
to terms on a prenup
Not her usual ride: Kim, who drives a Mercedez Benz G-wagon was picked up in a fuel efficient Prius on Friday
A source told the website: 'The entire process for the prenup for Kim and Kanye has been extremely
Final preparations: Kanye West and Kim Kardashian are finalising their
pre-nup, which will see Kim get one million dollars for every year of
marriage in the event of a divorce
easy, and relatively drama free. Kanye didn’t even think the couple needed a prenup, and was ready to give Kim carte blanche to all of his financial assets.
'Yes, he loves Kim that much. There is a huge difference from Kim's prenup with Kris Humphries [Kim's second husband]… the preparation of their agreement went on for several months.
'It was long and tedious.'
According to the terms of the generous agreement Kim will get one million for each year of their marriage, up to 10 years.
Radar reports their Bel Air mansion will be in her name while Kim can keep all jewellery and gifts given to her by the rapper.
Even in the event of a couple, a source told the website, 'One of Kanye’s life insurance policies valued at $20 million will name Kim as the beneficiary.'
They have also agreed that the reality TV star can keep the money she makes from her family's show, clothing line and promotional deals.
The source told Radar: 'The couple is focused on the wedding and looking forward to spending the rest of their lives together.
Looking rearly good: Kim showed off her trim figure as she made her way to a pal's car
Kim is thought to be worth $40 million while Kanye has amassed an over $100 million fortune.
This will be West's first marriage while Kardashian was wed to Damon Thomas from 2000 to 2004 and tied the knot with Kris Humphries in 2011 before walking away after just 72 days.
UsWeekly recently reported that the two will walk down the aisle on May 24.
Keeping fit: Now that a date has been set for her wedding, Kim is doing everything she can to keep fit
That will be only seven months after the Yeezus singer got down on one knee to propose to the E! favourite in San Francisco with a 15-carat diamond engagement ring.
May 24 is a Saturday but guests will be flown in several days before that, according to the magazine.
The date is an interesting choice because it's when astronomers are predicting a comet will burst through Earth's atmosphere and create a brilliant meteor shower, lighting up the sky.
On February 25 Kim told Ryan Seacrest's KIIS FM radio show her wedding won't be the giant affair that has been reported.
No custody provisions: The prenuptial agreement
does not include custody previsions of their daughter North in the event
of a split
'We're having a super, super small, intimate wedding,' she told the Keeping Up With the Kardashians producer.
'As we go along, we're realising we want it to be smaller and more intimate than people are imagining and thinking.'
Vastly different: Kim's prenuptial agreement
with Kris Humphries was drawn up by her mother Kris Jenner and took
months to hammer out
No comments:
Post a Comment