Wendy Williams just finalized her nasty divorce with ex-husband Kevin Hunter, and as a part of their settlement, the talk show host is will buy his shares of her production company in a lump sum payment.
In other words, ‘The Wendy Williams Show’ will be owned by Wendy Williams.
According to legal documents, filed in their divorce case, Wendy is also a single woman after the divorce was legally finalized by the courts in New Jersey.
In the settlement, obtained by Page Six, Both Willams and Hunter have agreed to forego paying each other any alimony. The lum sum payment, for the production company, will be considered an equalization payment.
The amount to be paid by Wendy, is not listed and will remain confidential.
The couple agreed to split the money they earn from the sale of their home in Livingston, New Jersey. As we reported, the house was put up for sale and recently had a drop in it’s asking price. It is now on the market for $1.7 Million after a drop of over $200K in price.
Williams will get to keep all of the furniture which was in the family home, except one sculpture, which will go to Kevin. We are guessing it’s one he picked out!
In the settlement, Williams also agreed to carry a $1 million life insurance policy on herself that would go to Kevin in the case of her death. She will have the right to reduce the amount on a yearly basis.
As for the ex-couple’s other property, Wendy will get to keep the house in Florida (her mother lives in it) and Kevin will get another property which recently sold in Morristown, NJ.
Both Wendy and Kevin have agreed to pay their own legal fees for the divorce case.
Kevin Hunter will get to keep his Ferrari and his Rolls Royce, the cars are worth hundreds of thousands together.
He will also maintain ownership of all his other businesses outside of the television show. Willams and Hunter have been together for many years and he has been involved in her entertainment career and creation of her show from the beginning.
But, as we reported, Hunter allegedly father a child outside of the marriage and brought the mother of his child on a family vacation. Wendy eventually filed for divorce and cited ‘irreconcilable differences” as her reason for the split.