It’s all in the details, people!
We previously mentioned that Tory Burch had settled her legal issues with ex-husband Chris Burch regarding her company, and now the specifics have been released!
Mr. Burch decided to sell half of the 28.3% of the company he owned in order to save him some tax money, thanks to the laws Congress passed this week.
This means Tory still owns 28.3%, which is worth $935 million, but brings her net worth to $1 billion!
The entire business is worth over triple that at $3.3 billion.
Talk about a good investment!
We’re glad that it’s all settled and that everyone is happy with the financial arrangements. It seems like a win-win!
[Image via Andres Otero/WENN.]
Tags: billionaire, business worth, chris burch, lawsuit, millionaire, tory burch