Loose Lips Cost Chips: Nick Cannon To Be Paid $500,000 If Mariah Carey Violates Prenup Confidentiality

- By Bossip Staff

Mariah Carey And Nick Cannon’s Prenup Contains Steep Confidentiality Violation Fines

Don’t tell ’em, don’t tell ’em…

According to TMZ reports:

Mariah Carey and Nick Cannon have a prenup with a confidentiality clause … and if she blabs out of school she gets socked for twice what he’d have to pay if he violates it.

Sources familiar with the situation tell TMZ … if Nick violates the confidentiality clause he has to pay her a $250,000 penalty, but if she spills the beans she has to pay him $500K.

And the prenup makes it clear … Mariah came into the marriage with a boatload of money … Nick, not so much.

The prenup says Mariah is worth $150 million … she has so much, $30 million is listed as “miscellaneous.” Nick came into the marriage in 2008 with a little less than $500K.

He’s done well since then, making millions on his various projects, but when they married he ended up buying her engagement ring for $500,000 but took a loan out for $470K. The ring was reportedly worth $2.5 mil, but that’s not what he paid.

As we reported … they’ve already worked out a full property settlement agreement.

Moral of the story: STFU and everything will be peaches.

Image via INF

More Stories From Bossip

Comments

Bossip Comment Policy
Please read our Comment Policy before commenting.