The divorce between Nick Cannon and Mariah Carey has been years in the making, the couple first calling it quits back in May of 2014. A resolution has finally been reached though, TMZ reporting that the two have agreed to a settlement earlier this week.
Surprisingly, the superstar diva isn’t necessarily rolling in dough like one may have thought. The two declared income for 2014, in an effort to settle their divorce. According to reports, Cannon made about $2.7 million, while Carey brought in about $6.3 million. The settlement requires Cannon to put away money for his babies, $5,000 a month to be exact. However, Carey does not have to add anything to the trust.
In addition, out of respect for both parents, the settlement says neither party can allow the kids to address a new partner as mom, dad, mommy, daddy, father, mother, or anything of that nature. The two share custody of the kids, however, they will be with Carey most of the time. But here is the thing, if Cannon is coming to visit, Carey must pay for his travel and stay, per the settlement.
It’s nice to see Carey and Cannon working it out for “dem babies.”