DETAILS OF MARIAH & NICK CANNON’S DIVORCE SETTLEMENTNovember 17, 2016
While the couple’s five-year-old twins live with the music diva, Mariah must pay for Nick’s travel expenses when he comes to see them. In addition, the agreement stipulates that no one besides them may be referred to as mom and dad to the kids.
The America’s Got Talent host must also set aside $5K a month in a trust for the kids. Mimi isn’t required to contribute but had to give the former couple’s 2012 Ferrari to Cannon.
The settlement also revealed what each earned in 2014 and it may not be as much as you think.
Mariah took home $6.3 million that year, while Nick stashed away $2.5 million. The Glitter star should be raking in more in 2016 with her Vegas residency and recent gig on Empire.
While their marriage may be over, both have managed to remain civil and recently celebrated Halloween together with their kids. You can’t put a price on that!