Jun. 29 2023, Printed 12:30 p.m. ET
DJ Mustard has revealed particulars of his funds as a part of his bitter divorce warfare together with his estranged spouse Chanel, RadarOnline.com has realized.
In response to court docket paperwork obtained by RadarOnline.com, the uber-successful music producer has filed an revenue and expense declaration as he prepares to combat Chanel over how a lot help he ought to pay.
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As we beforehand reported, the producer, who has labored with everybody from Nicki Minaj to Mariah Carey, filed for divorce from his spouse in Might 2022.
The petition, filed in Los Angeles Superior Courtroom, cited “irreconcilable variations” as the explanation for the cut up. Mustard and Chanel received hitched in October. The exes share 3 minor kids.
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Mustard demanded joint authorized and first custody of the youngsters. He additionally famous there’s a prenuptial settlement that coated problems with help.
In response, Chanel demanded $80k per 30 days in baby help and agreed to sharing custody. She did ask for “tie-breaking authority” when it got here to choice on their baby’s well being and training. Chanel mentioned it had develop into “more and more tough to co-parent with Mustard as he doesn’t talk or reply her textual content messages.”
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As a part of her baby help plea, Chanel employed an accountant to comb by way of Mustard’s funds. Per the report, the producer has revenue accessible for help of round $623,381 per 30 days based mostly on precise money circulation for the years 2020 – 2022.
Mustard has but to disclose the quantity he believes Chanel ought to obtain in month-to-month help. Nevertheless, his monetary data filed in court docket present he’s raking within the dough.
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He mentioned he pulled in $3.7 million in “revenue” for the previous 16 months, which averages to round $232k per 30 days.
Mustard mentioned he pulled in $2 million in 2022 and already made $1.6 million from January 2023 to April 2023.
His ‘revenue” shouldn’t be his solely income. As well as, he pulls in self-employment revenue which averages to round $13k per 30 days. He has made $212k in “self-employment” revenue up to now 16 months.
Mustard’s varied companies pulled in round $4 million in 2022. His month-to-month bills whole $305k per 30 days.
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His month-to-month payments embrace $36k for two mortgages, $22k on kids’s bills, $7k to eat out, $43k on leisure, $21k on garments, $13k on vehicles and transportation, $9k for family employees, $4k to help different members of the family, $6k on health and self-care and $37k on different private bills.
The producer listed $1 million in inventory and one other $5 million in actual property.
Mustard believes Chanel makes $3,216 per 30 days plus revealed he paid her a $315k lump sum that was owed per the prenup. He mentioned the youngsters spend 50% of the time with him.
The choose has but to rule on help.