(NEW YORK) — The latest wrinkle in Ashton Kutcher’s divorce with Demi Moore involves a $10 million battle over a venture capital fund he set up with Madonna’s manager Gary Oseary and billionaire Ron Burkle, the New York Post has revealed.
The couple split in November 2011, but they have still not reached a divorce settlement.
Earlier this month, the Two and a Half Men star and his partners announced that a fund they set up in 2010, A-Grade Investments, was valued at $100 million. The fund was established to invest in start-ups.
A source tells the newspaper the fund was sent up when Kutcher and Moore were still together, but he recently told her divorce lawyers the fund had not generated any substantial money and the actor claimed he had only invested about $1 million into it.
The source says “Ashton owns 20 percent of the fund, under California law, Demi should be entitled to half of his share — $10 million,” based on that $100 million valuation.
According to the Post, Kutcher earned $24 million between May 2011 and May 2012 for his work on Two and a Half Men. Moore’s last big film was Charlie’s Angels: Full Throttle, for which she was reportedly paid $2 million.
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Chandrika Narayan, CNN
Rachel Sande, EastIdahoNews.com
Lisa Respers France, CNN
Sara Ashley O'Brien, CNN