Kim Zolciak Divorce
Kim Zolciak-Biermann is a well-known reality television star who has made a name for herself through her appearances on Bravo’s The Real Housewives of Atlanta and her spinoff series, Don’t Be Tardy. Her net worth, estimated to be $500,000, is mainly due to her successful reality television career. However, in recent years, she has faced some financial troubles, including foreclosure on her Georgia mansion and unpaid taxes. In this article, we will explore how Kim makes her money and the financial issues she has faced.
Kim’s Net Worth
According to Celebrity Net Worth, Kim has a net worth of $500,000, the same as her now-estranged husband, Kroy Biermann. Kim’s salary is primarily due to her successful reality TV career, which began in 2008 when she joined the cast of The Real Housewives of Atlanta. She left the show in season 5 but returned as a recurring cast member in season 10. Kim then landed her spinoff show, Don’t Be Tardy, which ran for eight seasons before being canceled in May 2021.
Other Business Ventures
Aside from her successful reality TV career, Kim has explored other business ventures. In 2008, she released her country music song “Tardy for the Party,” followed by her other singles “Google Me” and “Ring Didn’t Mean a Thing.” In 2016, she founded her beauty and lifestyle company, Kashmere Kollections, and later that year, she released her Kashmere perfume brand. She also founded a swimsuit line called Salty K.
Foreclosure on Kim’s Mansion
Rumors began circulating that Kim and Kroy’s mansion in Alpharetta, Georgia, was facing foreclosure after the couple defaulted on a $1.65 million loan they took out in October 2012. In March 2023, the home was sold at an auction “to the highest bidder for cash” during the Fulton County’s courthouse legal hours of the sale. Trust Bank oversaw the selling of the property.
Prior to this, the couple combatted home foreclosure, and In Touch confirmed in October 2022. After their series was canceled in May 2021, they failed to repay a loan of $300,000. Therefore, the nearly 7,000-square-foot Fulton County property was auctioned off “on the first Tuesday in November 2022” to the highest bidder, per the notice of sale under power viewed by In Touch.
The house was foreclosed “because of, among other possible events of default, failure to pay the indebtedness.” Kim shared a tour of the five-bedroom property, which featured a basketball court, an elevator, and a movie theater. The mansion was her pride and joy, and she referred to the girls’ TV room as the “Hollywood Room.”
Unpaid Taxes
Kim and Kroy also allegedly owe the IRS $1.1 million for unpaid taxes, interest, and penalties from 2013, 2017, and 2018. According to legal documents obtained by TMZ on May 8, 2023, they owe the state of Georgia $15,000 for unpaid taxes for 2018.
Kim and Kroy’s Separation
TMZ reported that Kim filed for divorce, listing the couple’s date of separation as April 30. In the filing, Kim stated that their marriage is “irretrievably broken with no hope of reconciliation.” She asked for primary physical custody of their kids and joint legal custody. Kim also requested spousal support and to have her maiden name legally restored.
Children
Kim and Kroy’s family is quite large, with six children in total. Their oldest daughters, Brielle and Ariana, are from Kim’s previous relationship. Brielle was born on February 25, 1997, and Ariana was born on October 17, 2001. Kroy adopted both girls in 2013 and legally became their father.
Kim and Kroy’s four other children were all born after they got married. KJ was born on May 31, 2011, and Kash was born on August 15, 2012. The couple welcomed twins Kane and Kaia on November 25, 2013.
The family has been the subject of Kim’s reality TV shows, including Don’t Be Tardy and her appearances on The Real Housewives of Atlanta. Viewers have watched the family grow and change over the years, and many have become invested in their lives.
Despite some financial struggles and the recent news of their impending divorce, it is clear that Kim and Kroy love their children and will continue to be devoted parents to them.
Despite the recent foreclosure news, Kim is no stranger to financial troubles. In 2010, she and her former boyfriend, Big Poppa, faced a foreclosure on their Atlanta mansion. They eventually sold the property for a loss.
Criticism
Kim has also faced criticism over her spending habits. In 2016, she was called out for buying her daughter Brielle a $3,000 purse for her 19th birthday. In response to the backlash, Kim defended her decision, stating that she works hard for her money and should be able to spend it how she pleases.
With her various sources of income and net worth, Kim Zolciak-Biermann has certainly made a name for herself in the entertainment industry. Despite the recent financial setbacks, it’s clear that she is a savvy businesswoman and will continue to find success in her future endeavors.
The Divorce Story
Kim Zolciak-Biermann and Kroy Biermann’s divorce was a long time coming and appear to have been heavily influenced by their ongoing financial problems. According to a close friend of Kim’s who spoke exclusively to PEOPLE, Kim had been planning to separate from her husband of nearly 12 years for quite some time. In fact, the friend revealed that Kim had not even told her family about her intentions, let alone her friends.
The friend went on to suggest that financial issues were one of the primary factors in the couple’s decision to split up. Specifically, the foreclosure of their Georgia mansion and the news that they owe the IRS over $1 million in unpaid taxes were cited as major stressors that ultimately proved too much for the couple to handle.
The friend explained that “the money has been a huge issue” in their relationship and that the IRS tax payment of $1 million was simply too much for them to handle. It’s clear that the couple’s financial struggles have put an immense amount of pressure on their relationship over the years, and that the situation ultimately became too overwhelming for them to bear.
While it’s unclear how the couple will move forward from here, it’s clear that their divorce has been a long time coming and that financial issues played a major role in their decision to part ways. It remains to be seen what impact these struggles will have on the couple’s children and their future, but for now, it’s clear that they have a long road ahead of them as they navigate this difficult time in their lives.
To Know More, visit:
https://youtu.be/6aSf0smbRkA
