Shannon Beador is coming out on top in her divorce from David Beador!
As we previously revealed, Shannon and David recently reached a “private financial settlement” in their divorce.
At the times the details of the”private settlement” remained under wraps but now more details have emerged.
According to The Blast, Shannon will receive $1.4 million from her ex-husband and $10,000 a month in support from him.
The former Real Housewives of Orange County couple will share joint custody of their three daughters and have both promised not to move outside of Orange County with their children.
David will pay Shannon $2,935 per month in child support, plus $7,065 for spousal support which is much less than the $22K a month he was previously paying.
At some unknown point in the future, Shannon’s spousal support will end.
Shannon will also keep a 2015 Cadillac Escalade, a 2018 BMW 7 Series sedan, along with a couple of bank accounts and her entertainment company. The RHOC star also agreed to pay off certain credit card debts.
As for David, he gets to keep a home in Corona, CA and all right to his construction business. On top of that he will keep a 1998 Ford Expedition, a 2008 Ford Explorer, a 2011 Land Rover Range Rover, a 2017 BMW XS, a 2018 Ford Raptor Truck, a 2018 Porsche Carrera Turbo, along with all household items in his possession.
To equalize, the division of their community property David will pay Shannon $1.4M.
I really thought Shannon would get way more in her divorce but I’m glad they both can put all this behind them.