After three years since their separation, Jennifer Garner and Ben Affleck have officially concluded their divorce proceedings. Amidst speculation about the fate of their shared assets, the couple, both 46 years old, finalized their divorce arrangements during a meeting at Garner's residence, accompanied by legal representatives and a private judge. The decision came shortly after Garner's request for a private judge to oversee the finalization of their divorce, as revealed in court documents obtained by PEOPLE.
Despite the confidentiality surrounding the specifics of their divorce settlement, the pair, parents to Violet (12), Seraphina (9), and Samuel (6), have accumulated substantial wealth over their ten-year marriage, estimated to be around $190 million.
In prior divorce filings, both Affleck and Garner, who announced their split on June 30, 2015, stated their intention to retain any earnings acquired post-separation.
Ben Affleck, propelled by box office successes like "Batman v Superman: Dawn of Justice," which grossed over $870 million worldwide, and "Justice League," which earned $884 million globally, reportedly earned approximately $43 million in 2016 alone, as per Forbes. The actor's estimated net worth stands at an impressive $130 million, according to CelebrityNetWorth.com.
Meanwhile, Jennifer Garner, though typically earning less from film projects, has augmented her income through lucrative endorsements for brands like Neutrogena and Capital One. Her net worth is estimated to be around $60 million by CelebrityNetWorth.com.
One of the primary assets under scrutiny is the couple's real estate holdings. They jointly purchased an 8,800-square-foot property in 2009 for $17.5 million, with Affleck recently listing his 87-acre estate in Savannah, Georgia, for sale. Additionally, Affleck acquired a $19 million mansion in California, close to Garner's residence.
The classification of properties acquired during the marriage versus those obtained individually may influence the division of assets. According to Los Angeles-based divorce attorney Jerry Wang, properties purchased while single may be considered separate assets, potentially impacting the division.
Moreover, the duration of their marriage, which exceeded the ten-year mark by a day, could influence spousal support rulings in California courts. While long-term marriages may lead to lifetime support considerations, Wang suggests that this may not apply in Garner and Affleck's case due to their substantial individual earnings.
Ultimately, California's no-fault divorce policy typically mandates a 50-50 division of assets, regardless of disparities in income or spending during the marriage.
As the legal proceedings conclude, the resolution of Jennifer Garner and Ben Affleck's divorce signifies the beginning of a new chapter for the former couple, marked by the complexities of untangling their intertwined fortunes.
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