Kaylah Walton
Jessica Alba has initiated divorce proceedings from her husband of nearly 17 years, Cash Warren, and they do not have a prenuptial agreement. The 43-year-old actress, recognized for her performances in Sin City and Into the Blue, stated “irreconcilable differences” as the basis for their split. Documents acquired by DailyMail.com indicate that Alba has sought the expertise of prominent divorce attorney Laura Wasser, known for representing celebrities including Kim Kardashian and Jennifer Lopez. Warren, aged 46, has also filed for divorce, retaining attorney Adam Lipsic.
Both Alba and Warren are aiming for joint legal and physical custody of their three children: Honor, 16, Haven, 13, and Hayes, 7. Their official separation date is noted as December 27. Reports from sources to TMZ suggest that the divorce process is “extremely amicable,” despite the common intricacies of high-net-worth separations.
Significant financial considerations are involved in this divorce. Jessica Alba’s fortune is not just from her film career but also from her business ventures, notably The Honest Company, which she founded in 2011. This consumer goods brand is now valued at approximately $640 million.
Despite initial estimates, Forbes revisited Jessica’s financial standing, revising her net worth from $340 million in 2016 to just under $100 million five years later, due to a smaller-than-expected ownership stake in her company. Cash Warren, for his part, has achieved success with his business, Pair of Thieves, valued at around $100 million.
Financial considerations in Alba and Warren’s split
The couple possesses a $10 million mansion in Beverly Hills purchased in 2017. Experts in the field forecast potential complications in asset division due to the lack of a prenuptial agreement. Yonatan Levoritz, attorney at Levoritz Law Firm, remarked that, “After a 17-year marriage, there might be alimony considerations for the non-monied spouse.”
The absence of a prenuptial agreement can lead to disputes, as they “offer clarity and can mitigate avoidable, costly legal conflicts,” he added.
In the absence of an agreement regarding The Honest Company or other joint assets, a valuation process is likely necessary prior to dividing them. “Typically, courts prefer when business interests are not co-owned after a divorce,” Levoritz stated, and often resolving these issues involves a buyout of the interests.
Additonally, Jessica plans to revert to her maiden name and drop Warren as her surname. While challenges lie ahead, both parties appear dedicated to ensuring a smooth process for their family’s sake.
