Saturday 3 December 2016

End of an empire: How will Brangelina split their €359m?

Published 22/09/2016 | 07:44

Brad Pitt and Angelina Jolie attending the BAFTA Film Awards in London, as Hollywood star Jolie has filed for divorce
Brad Pitt and Angelina Jolie attending the BAFTA Film Awards in London, as Hollywood star Jolie has filed for divorce
The Pitt-Jolie family home in the Los Feliz area of Los Angeles
Chateau Miraval
Brad Pitt and Angelina Jolie have six kids together.
Members of the media stand near the area of Brad Pitt and Angelina Jolie-Pitt's house located in Los Feliz, California, on September 20, 2016
Brad Pitt and Angelina Jolie in the movie-Mr. and Mrs. Smith

After 12 years together, Brad and Angelina have amassed considerable wealth. Alice Vincent looks at their extensive portfolio and examines how they'll divvy up the spoils.

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The money

Forbes estimates that since getting together in 2004, Jolie and Pitt have earned more than $555 million (€498 million) as a pair, of which their estimated net worth is around $400 million (€359 million).

Since they married in 2014, they have earned a combined $117.5 million before taxes, largely thanks to Pitt who banked an estimated $76.5 million after films such as Fury, The Big Short (which he also produced) and the forthcoming World War Z 2. He's earned €37 million this year alone.

How will they split it?

Both Jolie and Pitt have been married before: she to Jonny Lee Miller and Billy Bob Thornton, he to Jennifer Aniston. They took a decade to get married to each other, and it's reported that the pair would have had a pre-nup.

This usually states that assets earned before the wedding stay with the person who acquired them, even if, like Jolie and Pitt, they were together for a decade before marrying. This means that the bulk of their wealth will go back to individual parties. As for that earned during the past two years, that will be outlined in any agreement - although it's worth noting that Jolie's earnings have been a fraction of Pitt's in recent years.

Property and other assets collected during their two-year-long marriage will be split according to the terms of the agreement.

If they don't have one, then their property will be divided according to the California community property laws, which splits everything down the middle.

The houses

Jolie and Pitt have quite the property portfolio:

Los Angeles

The Pitt-Jolie family home in the Los Feliz area of Los Angeles
The Pitt-Jolie family home in the Los Feliz area of Los Angeles

Their main family home is based on a sprawling estate in Los Feliz, Los Angeles, which Pitt bought in 1994 before living in it with his first wife, Aniston. It's since been done up after the Jolie-Pitt brood came along, with a large swimming pool and child-friendly extras such as room for Maddox to ride his dirtbikes.

Chateau Miraval

The $60 million, 35-bed mansion in France has a strong sentimental pull for the family. It's where Jolie and Pitt married in 2014, and Jolie is said to consider it her ancestral home because of the connection it provides to her late French mother. Jolie and Pitt bought it in 2008 and have since produced eye-wateringly expensive rosé wine from the estate.

However, reports appeared in June that Jolie was keen to sell the estate. In April, US Weekly reported the family "loves being in London" and Jolie "would pick it as their permanent home if she could".

Chateau Miraval
Chateau Miraval

Santa Barbara

The pair kept a $5 million beach house in Santa Barbara for high-days and holidays. It was bought by Pitt in 2000 and sits on 11 acres of land next to the Gaviota State Park.

New Orleans

One of Pitt and Jolie's jointly owned properties, the five-bed townhouse (with additional guesthouse) in the French Quarter of New Orleans has been on the market since 2015 - to so little avail that the asking price has been slashed from $6.5 million to $5.65 million.

New York

In 2007 the couple bought an apartment in Manhattan's Waldorf Astoria Towers.

How will they split it?

While reports state Jolie "is believed to be on the title of all the properties", Pitt originally bought the Santa Barbara and Los Felix homes. Seeing as one of the major reasons Jolie cited for the divorce was the welfare of her children, she may decide to maintain normalcy by keeping them in the family home for as long as possible.

The film company

Brad Pitt and Angelina Jolie have six kids together.
Brad Pitt and Angelina Jolie have six kids together.

Plan B Entertainment was set up in 2001. Pitt is now the sole owner. It's since put out a number of successful films, including The Time Traveller's Wife; Eat, Pray, Love; 12 Years a Slave; and Selma, as well as ones that have starred Pitt and Jolie - A Mighty Heart in 2007 and The Big Short.

How will they split it?

Pitt is the sole owner, with no involvement from Jolie.

The rosé

After news of the divorce broke, the 2012 vintage sold out within hours. There were plans to create a "super Provence" red.

How will they split it? Insiders claim that Pitt was more involved with the grapes than Jolie, but there are few details beyond that - or what will happen if, as Jolie reportedly mooted, the estate could be up for sale anyway.

Members of the media stand near the area of Brad Pitt and Angelina Jolie-Pitt's house located in Los Feliz, California, on September 20, 2016
Members of the media stand near the area of Brad Pitt and Angelina Jolie-Pitt's house located in Los Feliz, California, on September 20, 2016

The foundation

Shortly after they made their relationship public in 2006, Pitt and Jolie founded the Maddox Jolie-Pitt Foundation, named after their eldest adopted son, to aid humanitarian crises around the world. They launched it by donating $1 million a piece to Doctors Without Borders and Global Action for Children, and have continued to donate to charitable causes since.

Jolie said at the time: "Maddox is already involved in the foundation and will take over my role when he is older."

How will they split it?

It's unclear, but Jolie seems to have more invested in the foundation. She has stated her aim for it to become Maddox's responsibility in the future.

Brad Pitt and Angelina Jolie in the movie-Mr. and Mrs. Smith
Brad Pitt and Angelina Jolie in the movie-Mr. and Mrs. Smith

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