As terms of his divorce agreement with estranged wife Lisa, the son of Ozzy Osbourne is also expected to make one-time tax-free payment of $1 million to her in exchange of any spousal support.
- Mar 11, 2019
AceShowbiz - Jack Osbourne reportedly landed artwork worth more than $340,000 (£261,000) in his divorce settlement with ex-wife, Lisa Osbourne.
A judge signed off on the deal earlier this month, and according to TMZ, the 33-year-old has kept his prized pieces, including artwork by Banksy – worth more than $165,000 (£127,000) – and two by Andy Warhol.
Jack will also keep 13 other pictures that were reportedly gifted by his parents, Sharon Osbourne and Ozzy Osbourne.
The ex reality star won't pay his ex any spousal support in the divorce, but is instead making a one-time tax-free payment of $1 million (£768,300) to the mother of his three children.
Lisa gets the ex-couple's 2017 Audi Q7 and full ownership of her companies, Raddestmom, LLC and Fancy Sprinkles, Inc, while Jack gets to keep his production companies.
The former couple is sharing legal and physical custody of their three daughters – Pearl, Andy and Minnie – and Jack will pay $7,000 (£5,400) per month in child support.
In an unusual twist, neither Jack nor Lisa can post anything on social media about their relationship, and they also can't write books, movies or TV productions about each other.
The couple split last May after five-and-a-half years of marriage, and finalised their divorce in December.
