Tina Knowles and Richard Lawson have reportedly reached a divorce settlement, and according to court documents obtained by In Touch Weekly, neither party will be required to pay spousal support.
The documents reveal that their marriage ended due to "irreconcilable differences," which led to the irreversible breakdown of their relationship, making it impossible for them to continue as husband and wife. Despite the split, it appears that both Tina and Richard are content with the terms of the settlement.
As part of the agreement, Tina Knowles will make a one-time payment of $300,000 to Richard Lawson. Additionally, Tina will retain ownership of several valuable assets, including a 2018 Tesla, a 2020 Bentley, her Matriarch Book partnership with Penguin Random House, a one-percent interest in Kirby Beauty Management LLC, and the furniture, art, and creative works she generated during their marriage. However, she will also be responsible for any credit card debt incurred during their relationship.
Tina will also keep her Los Angeles home and all the belongings inside it. On the other hand, Richard Lawson will receive a 2021 Cadillac Escalade, various bank and retirement accounts, any money owed to Richard Lawson Studios, earned royalties, and all creative works he produced during the marriage. He will, however, be responsible for all costs associated with the Cadillac.
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The court documents also include a non-disclosure agreement (NDA) that both parties must sign, preventing them from speaking negatively about each other, their children, or their grandchildren. The agreement specifies that neither Tina nor Richard will discuss their current or future grandchildren with the media or any other person, whether verbally or in writing.
In related news, Tina Knowles recently endorsed Kamala Harris, which led to more Beyoncé songs being added to the campaign playlist. As her family continues to thrive, we wish both Tina and Richard the best in their future endeavors.