Here's What's At Stake In Gwyneth Paltrow And Chris Martin's Multi-Million Dollar Divorce
After ten years and two kids together, the Oscar-winning actress and Coldplay frontman have amassed quite an empire — but what exactly is at stake if the two proceed with a divorce?
E! Online estimates that Paltrow and Martin are worth $140 million each, making their combined fortune a whopping $280 million. But reports of their wealth vary widely, with Britain's Sunday Times pegging their combined net worth at nearly $120 million in 2012.
But what is certain, is that between June 2012 and June 2013 alone, Paltrow and Martin both made Forbes' list of the 100 highest-earning celebrities. Paltrow landed at No. 71 with $10 million and Coldplay coming in at No. 14 with $64 million.
So where's all the dough coming from? Let's break it down.
Indeed, Martin has admitted that Coldplayonly owns a piece of their publishing rights, while their Universal Music label owns their catalogue.
Martin confirmed to Howard Stern during a 2011 interview, "No, we don't own hardly any of it…You'll have to talk to my manager, but we don't own it for at least 20 years or something."
"We own quite a lot of the publishing but we don't own much of the recording," he continued. "That's why people always think bands are a lot richer than they are because they never remember that bit."
But out of anyone in the band, Martin doesn't have to worry, as he told Stern that the four members split their earnings "20-20-20-40," with the largest share going to him as lead singer-songwriter.
That breakdown fares well for Martin, whose band sold more than 60 million albums worldwide and whose last 2012 "Mylo Xyloto" concert tour grossed more than $170 million, according to The New York Times.
"When you are in a movie like 'Iron Man,' even if you are not the star and it makes so much money you get some of that back end," explains Forbes' Dorothy Pomerantz. "She is not getting Robert Downey Jr. money but she still gets a taste of it. She gets money from GOOP, she gets money from her cookbooks and her TV work...She has money coming from several different sources now, because she really is a brand and when you put it all together, it is around $10 million."
In addition to Paltrow's 150,000Goop subscribers and her newest cookbook, 2013's "It's All Good" debuting at No. 1 on the New York Times bestseller list, the 41-year-old also boasts lucrative endorsement deals.
People magazine reports Paltrow's portfolio includes: Max Factor's Modern Icon campaign ($4.9 million), Boss perfume ($1.9 million), and Estée Lauder ($8.2 million).
In 2008 alone — the year she became a face of Estée Lauder and the first "Iron Man"came out — Forbes estimated she made $25 million those 12 months alone.
While the couple likely have a prenuptial agreement, if not, California — the state in which they were married — is a community property state, meaning marital property is divided in half in the event of a divorce.
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