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Cash in for Pickers Mike Wolfe of American Pickers Has Finalised His Divorce From Ex-wife Jodi and Will Owe Her Nearly $6 Million in Alimony and Programme Royalties!
Mike Wolfe, the host of the History Channel show AMERICAN PICKERS, recently finalized his divorce from ex-wife Jodi, who was awarded nearly $6 million in royalties and alimony from the couple’s successful reality TV partnership.
After Jodi filed for divorce from her husband of 10 years a year and a day ago, the Sun can exclusively report that the divorce was finalized on December 6.
The Sun has obtained a copy of the divorce settlement that states Mike, 57, will pay Jodi, 50, alimony in the amount of $634,000.
The former couple jointly owns or has a financial stake in 15 properties.
Jodi received the couple’s $2 million Nashville, Tennessee, home as well as their $500,000 North Carolina residence.
‘American Pickers’ star Mike Wolfe’s wife files for divorce: reportshttps://t.co/mXyPxOS0Zi
— Fox News (@FoxNews) July 9, 2021
Mike is the only owner of 13 properties in two states (Tennessee and Iowa).
In order to “provide for the equitable distribution of the marital estate,” the divorce agreement states that the American Pickers star would pay his ex-wife a total of $5,228,878.73.
In addition, Mike’s post-tax royalties from Seasons 1-10 of American Pickers will be split 50/50 with Jodi for any earning period ending before December 31, 2021.
According to the papers, Mike is obligated to pay her “exactly $28,000” in a single installment for the month of December 2021, for his work on Season 10 of American Pickers.
Mike’s post-tax royalties for American Pickers seasons 1-10 will go to her at the rate of 40% for the period beginning on January 1, 2022, and ending on December 31, 2026.
Mike’s firms JCM Investments and MRW Inc., as well as his shop Antique Archaeology Nashville, received awards.
Mossy Point Productions is another company he will own.
After the 31st of December, 2021, Jodi will be responsible for her own health insurance, and she has specifically requested that her maiden name not be reinstated.
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Jodi is the primary caretaker of the couple’s 9-year-old daughter, Charlie.
Their daughter will be under her care for a total of 230.5 days every year, while Mike will have her for 134.5 days.
Mike has been ordered to pay child support in the amount of $2,100 per month and to provide health and dental insurance for his daughter.
It is Jodi’s responsibility to notify Mike in writing if he will miss more than four days of his allotted parenting time due to Mike’s employment at American Pickers.
Education, religion, non-emergency medical care, and extracurricular activities are all areas where they work together to make decisions.
In 2020 November, Jodi filed for divorce from Mike in Tennessee.
She put down June 2020 as the month and year of separation and gave irreconcilable differences as the cause.
They tied the knot in Franklin, Tennessee on September 7, 2012.
Love After Heartbreak
Mike moved into his Tennessee bachelor pad that he purchased in June of 2020 for $1,050,000.
Now he’s dating model Leticia Cline.
In August, during a visit to his birthplace of Le Claire, Iowa, the collector and Leticia, 43, went public with their affair in exclusive images obtained by The Sun.
As his mother Rita joined them at the festival in Iowa, the Beauty and the Geek candidate has previously met the American Pickers star’s mum.
After longtime co-star Frank Fritz was let go from American Pickers, Mike took on the lead role alongside new co-star Danielle Colby.
Frank, age 57, hasn’t been seen on American Pickers since March 2020 since he had to take time off after undergoing back surgery that left him with 185 stitches and two rods in his spine.
Frank shed 65 pounds while he was off the show because he changed his diet and stopped drinking.
He went to an Iowa rehab center for 77 days for alcoholism and is now 11 months sober, he told The Sun.
Despite Frank’s best efforts, Mike announced Frank’s dismissal from the History show on Instagram in July, despite Frank’s repeated pleas to be reinstated.
The Sun quoted Frank as saying, “I haven’t talked to Mike in two years.” Not once did he check in with me to see how I was doing after learning of my back injury. The world works that way.
“This is a one-hundred-percent pro-him show. I can’t even get that low to demonstrate how much space there is.
“In any case, that’s perfectly OK. Just imagine Aerosmith as a rock band with Steven Tyler as the lead singer. I have a place on the show now; I am second to him. That doesn’t bother me, but perhaps he does.
Though he now calls Iowa home, Frank continues to run his namesake store in Illinois.