British singer Adele is planning to safeguard her assets with a prenup before tying the knot with renowned sports agent Rich Paul.
The couple began dating three years ago, and is reportedly slated to get married this summer.
In May 2022, the high-profile celebrities moved into a $58 million mansion in Beverly Hills, signaling the start of their new life together. In the midst of the pre-marital bliss, Adele is reportedly heeding some sanguine advice from her inner circle by making her soon-to-be spouse sign a $340 million prenuptial agreement.
According to Radar Online, the prenuptial agreement was a “touchy subject” and caused some tension between the pair.
For the “Rolling in the Deep” songstress, the legal contract is warranted after her previous divorce ended in her having to spilt half of her fortune, according to some reports. The singer reached a divorce settlement with ex-husband, Simon Konecki, for roughly $190 million, The Daily Mail reported. Adele and Konecki did not have a prenup.
This time, Adele is apparently leaving nothing to chance by having an ironclad prenup to protect herself.
Adele’s total net worth is believed to be $220 million. The 34-year-old singer also boasts an impressive real estate portfolio that reportedly includes three Beverly Hills properties worth an estimated $30 million and two London townhouses that together are worth $14 million.
In addition, from her Las Vegas residency, she’s poised to become one of the highest-paid female artists, raking in $1 million per show. She reportedly got $240 million upfront for the gig. The Weekends with Adele residency ran Nov 18, 2022 to March 25, 2023, but the Coliseum has announced new dates of June 16 to Nov. 4, 2023.
According to Radar, the British singer’s four albums have had sales totaling $31 million plus $34 million in digital singles. Her successful tours as well will pull in millions in sales.
Meanwhile, Rich Paul’s pockets run deep, too. The 41-year-old founder of Klutch Sports Group, a Los Angeles-based professional sports agency, has a stacked client list of elite athletes such as LeBron James and six-time NBA champion Draymond Green. His firm has gained tremendous ground as a premiere in the world of sports. Paul’s net worth is estimated to be $120 million.
Paul’s success has elevated him to be one of the most recognizable names in sports courtside. In 2020, Paul was listed as number nine on the Forbes list of the “World’s Most Powerful Sports Agents,” having reportedly handled nearly $1 billion dollars in business deals.
Inside a Prenup
Prenups are common among Hollywood celebrities. In California, if a couple who owns significant property were to separate, the state’s 50/50 divorce laws would apply to the case unless the pair can work out another arrangement without legal intervention. While all states in the U.S. recognize prenuptial agreements, each state has its own set of rules and requirements.
A prenuptial agreement can alleviate a lot of confusion during a divorce, especially involving the ultra-wealth of famous people where there are millions in income, investments and high-valued tangible assets.
But they are not only for the wealthy.
“Certainly there’s still a lot of prenups for people who are wealthy, with family money, getting married for the second time. Those are prevalent but there’s also this second category,” Marcy Katz, partner at McLaughlin & Stern in New York, told U.S. News & World Report. “I see a lot more young people getting a prenup before marriage.”