After finalising their divorce, former Hollywood couple Jennifer Lopez and Ben Affleck agreed to split the proceeds from their Los Angeles mansion equally following the terms of their agreed-upon arrangement, according to wealth tracking platform Celebrity Net Worth.
Lopez, 55, and Affleck, 52, purchased the 12-bedroom, 24-bathroom estate in May 2023 for $60.8 million after marrying in July 2022. They have been trying to find a buyer for the opulent 38,000 square feet abode for almost as long as they've been separated, which court documents show has been since April of last year, the website reported.
They're asking for $68 million after overseeing a series of renovations on the 5.2-acre property.
According to the terms of their divorce, Lopez and Affleck have agreed to “keep all of their personal belongings and earnings from the date of their separation as well as half their bank accounts”, while the proceeds from the sale of the mansion will be divided equally.
The mansion is particularly costly to maintain, with an estimated monthly bill of more than $280,000, factoring in property taxes, security expenses, estimated mortgage payments, and homeowner association fees. The prospective buyer will also have to pay the city of Los Angeles’s “mansion tax”, which comes to $3 million at the point of sale, according to Celebrity Net Worth.
The home features amenities such as a 5,000 square feet penthouse, guardhouse with two bedrooms, caretaker home and garage for 12 cars.
Affleck has a personal fortune of $150 million, while Lopez is estimated to be worth $400 million, according to Celebrity Net Worth.
Lopez is keeping all of her clothes and jewellery, as well as any “miscellaneous personal effects in her possession, custody or control” and she's not giving up any of her individual assets either, the website said.
The same goes for Affleck, who will notably hold on to his stake in the Artists Equity production company he co-founded with Matt Damon.
As a director, producer and writer, Affleck has two Oscars to his name for Good Will Hunting and Argo.
One of the actor and producer's largest career base salary acting pay cheques (before back end bonuses) was the $15 million he earned from the 2003 movie Paycheck, according to Celebrity Net Worth.
Considered one of the biggest Hollywood stars, Lopez has made her fortune from music albums that have sold millions of copies, box-office hit movies and television work.
Since 2001, she has owned a fashion label, J.Lo by Jennifer Lopez. She has many fragrances to her name, including Glow by J. Lo. Her annual salary is estimated at $40 million.
Kim Kardashian
Reality TV and social media star Kim Kardashian is no longer helping to manage a private equity firm she co-founded in 2022, according to the company’s website and regulatory filings in late December.
Kardashian’s success with shapewear brand Skims never translated into fund-raising success for SKKY Partners, which she launched with former Carlyle Group deal maker Jay Sammons.
The pair wanted to raise at least $1 billion to buy consumer companies, but through April had made only $121 million and completed one deal, investing in the truffle hot sauce maker Truff.
SKKY disclosed in securities filings that it's only secured a few more million dollars for its flagship fund, and that Kardashian no longer is an executive officer.
Its website now refers to her as a co-founder and senior operating adviser, whereas she previously was listed as a managing partner (alongside Mr Sammons).
Kardashian's mother, Kris Jenner, previously was listed on the website as a senior adviser but has since been removed.
Kardashian, 44, has a personal fortune estimated at $1.7 billion, according to Celebrity Net Worth. She has one of the most popular accounts on Instagram, with 358 million followers.
That popularity has seen her endorse dozens of products for fees that can extend to $1 million, she hinted on the Pretty Big Deal podcast in 2018. Her social media following also plays a role in the success of her skincare line, SKKN.
Abhishek Bachchan
Bollywood actor Abhishek Bachchan has invested in a new annual Twenty20 franchise tournament in Europe sanctioned by the International Cricket Council (ICC).
The European T20 Premier League is a privately-owned franchise tournament and is a partnership between the cricketing boards of Ireland, Scotland and the Netherlands. The tournament plans to feature top players from the three countries alongside some of the best global talent.
The organisers hope that Bachchan’s involvement can increase the league’s appeal in India. The actor also owns Kabaddi team Jaipur Pink Panthers and Indian Super League football club Chennaiyin FC.
“Cricket is not just a sport; it’s a unifying force that transcends boundaries,” said Bachchan, 48. “The ETPL is the ideal platform to showcase cricket’s growing global appeal.”
Bachchan is estimated to have a personal fortune of $30 million, according to Celebrity Net Worth. He has acted in more than 60 films over the course of his 25-year career. The actor commands a fee of $1.25 million per film.
A significant portion of his income is thought to come from endorsements of brands such as LG Home, American Express, Ford and Vodafone Idea (formerly Idea Cellular).
