Jack Osbourne Agrees to Pay Ex-Wife $1 Million in Divorce Settlement

The ex-wife of Jack Osbourne has a million small reasons to be satisfied with her divorce agreement.

According to the terms of the former couple’s arrangement, Ozzy & Sharon Osbourne’s son must pay his ex, Lisa Stelly, a settlement payment of $ 1,000,000.

Along with the million, Jack also agreed to pay Lisa $ 7,000 per month for their three underage children; Andy, Minnie and Pearl.

However, the 33-year-old Jack has not been completely spared because he can keep his house in Studio City, his Ford Raptor truck and a Tesla. He can also hold almost $ 350,000 in art, including a Warhol painting and two pieces from Banksy.

Lisa can also keep her car, an Audi SUV, which will continue to process the lease payments of her ex-husband. It was also determined that a part of the $ 1 million payment of Jack would contain $ 300,000 with a bookmark for a home purchase.

As we reported for the first time, the former couple completed their ownership distribution last year after Lisa filed for a divorce after six years of marriage. At that time Jack had bought his new home in Studio City and transferred their marital home in Sherman Oaks to his estranged wife.

For the custody of the children, Jack and Lisa have agreed to joint custody and will successfully follow the co-parent with some basic rules that have been laid down. Neither parent can take their children to a new boyfriend / girlfriend for a long time unless they are “exclusive” for 3 months and it is discussed with the parents.

During the divorce proceedings, Jack would have a fistfight with a new guy who saw Lisa. He later apologized, but it is clear that they want to develop a long-term way of dealing with new relationships in a peaceful way.

Both Jack and Lisa agreed not to destroy each other for the children, or to let the children do dangerous activities without the other parent knowing. Jack agreed not to take the children to a shooting range without the permission of Lisa.

Finally – and especially in the Ozzy Osbourne family – both parents have to agree on tattoos or piercings.

Written by Tommy Kilmer

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