Radio personality Adam Carolla and Lynette Carolla have reached a divorce agreement.
This is according to a new report from People magazine.
Per the outlet:
According to documents obtained by PEOPLE, the 59-year-old host of The Adam Carolla Show podcast and his now-ex-wife finalized their divorce on Wednesday, nearly two and a half years after he initially filed to end their marriage of 19 years in May 2021.
It appears that Adam Carolla, as part of the agreement is going to be forking over a rather large sum of money.
First off, it appears that Adam Carolla is going to be paying his ex-wife a one-time payment of $4 million. This is said to be an "equalization" payment, and it is going to come, in part, from some of the proceeds that he receives for the sale of their La Canada Flintridge, California home.
In addition to this one-time payment of $4 million, Adam Carolla is also, reportedly, going to be paying his ex-wife $32,000 per month for spousal support and $17,000 per month in child support.
That is nearly $50,000 per month, which comes to about $600,000 per year.
As mentioned, the most expensive asset that is going to be sold as part of the divoce is the La Canada Flintridge house. It is currently on the market for $8.35 million.
It appears, however, that Carolla will keep many of his other assets, including his $13 million car collection and his Paul Newman memorabilia, which is estimated to be worth about $150,000.
Adam and Lynette Carolla had been together a decades - since the mid-1990s. They married in September 2002, and they have 17-year-old twins together, named Natalia and Santino.
This helps to explain where the $17,000 child support payment will be going.
The Carollas, in their divorce settlement, have also reached an agreement regarding custody of the children. The document states that they will share joint custody. The specifics of the arrangement have not been reported.
When Adam Carolla announced the divorce in May 2021 during a broadcast of The Adam Carolla Show. At the time, he revealed that he and Lynette had already been separated for several months. Adam also made it clear that, for both he and Lynette, "kids come first."
Adam Carolla, at the time, explained:
We've been together for 25 years, we're very different human beings, we have different sets of philosophies, that's for sure. It's not an event, it's not somebody was cheating, it's not chronic gambling or COVID, it's really just two people that were just that different and just had completely different processes and approaches to life and just couldn't meet in the middle somewhere.
