The terms of the multimillion-dollar divorce settlement between Hollywood actress and billionaire entrepreneur Jessica Alba (44) and Cash Warren (47) have finally been revealed. After 16 years of marriage, the agreement between the two, who are now estranged, has attracted attention for the jaw-dropping amounts involved in the partitioning of assets.
On the 17th (local time), according to the Daily Mail and others, the couple, who finalized their divorce settlement last month, left a "costly lesson" that underscores the importance of prenuptial agreements and are now going their separate ways.
The most notable aspect of the settlement is that Jessica Alba agreed to split half of the fruits of her career accumulated during the marriage (2008–2024) with her ex-husband.
Alba must pay Cash Warren half of the residuals for all works she appeared in after marriage, including the films ''Sin City: A Dame to Kill For'', ''Machete'' and ''Spy Kids 4''. However, earnings from works released before the marriage, such as ''Fantastic Four'' and ''Honey'', remain entirely Alba's.
About 5.7 million shares of The Honest Company, the eco-friendly goods company Alba founded in 2011, will go to Cash Warren. Given the company's valuation in the hundreds of billions of won, this represents a substantial amount.
Cash settlement: Alba agreed to pay Warren a total settlement of $3 million (about 440 million won) in two installments.
The two agreed to split furniture, art collections and even airline miles in half. Alba kept her jewelry, clothing and three vehicles including an Audi Q-6 e-tron, while Warren takes a BMW i7.
Notably, neither will seek spousal support or child support from the other. The two will share joint custody of their three children. Their eldest daughter, Honor, is reported to be entering her father's alma mater, Yale University.
Almost immediately after finalizing the divorce, both have been spotted in new romances. Jessica Alba has been dating actor Danny Ramirez (33), who is 11 years her junior, since July last year. Photos showing the two affectionately together were released at Vanity Fair's Oscar party last Sunday, though Alba appears cautious about appearing on the red carpet with a companion.
Cash Warren has also been enjoying the "single life," being photographed dating younger women, including a 21-year-old singer and a 26-year-old model, after filing for divorce.
From the glamorous "wannabe couple" to estranged exes, the two have parted ways. Jessica Alba plans to move on from the pain of the divorce and continue with several upcoming projects, including the spy thriller "The Mark," as well as her work as an entrepreneur.
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